Tanla Platforms, previously known as Tanla Solutions is a cloud communications provider based in Hyderabad. The stock price is literally on the boil for the past two weeks. Today also is no different. The stock which had closed yesterday at Rs.914.70, rose 5% to hit a new life-time high and its UC at Rs.960.40.
India’s largest CPass provider is up ever since it reported its Q3FY21 earnings, wherein net profit was its highest ever at Rs.93 crore v/s Rs.0.70 crore (YoY). EBITDA, for the first time, went over the Rs.100-crore mark at Rs.127 crore, up 99%. All this was on a 21% growth in revenue at Rs.654 crore.
Tanla’s growth in business for the quarter was propelled by 81 new client opportunities. These new deals could augment the annual revenue by Rs 90 crore.
The company said that Trubloq, the DLT platform built to enforce the TRAI regulation has seen massive adoption across enterprises, telemarketers and telcos. Till date, it has onboarded more than 34,000 enterprises. Trubloq was only launched commercially in September, and now processes over 70% of A2P traffic in India, topping 1 Billion interactions in a single day last month. Trubloq significantly bolstered Tanla’s revenues in the third quarter.