Tanla Platforms Ltd was among the top gainers on the BSE in early trade on Friday, with the stock rising about 12% to the Rs. 500 to 503 zone from the previous close of Rs. 448.55, as investors reacted to the company’s December-quarter earnings that were announced after market hours.

For Q3 FY26, Tanla reported revenue of Rs. 1,121 crore, up 12% (YoY) (and 4% sequentially), marking the first time the company has crossed Rs. 1,100 crore in quarterly revenue. Net profit rose 11% to Rs. 131 crore, while EBITDA increased 17% to about Rs. 191 crore, with EBITDA margin improving to 17% from 16.3% a year ago, pointing to better operating leverage alongside growth.

The quarter also saw gross profit of Rs. 309 crore with gross margin at 27.6%, and free cash flow of Rs. 137 crore, around 104% of PAT, underscoring healthy cash conversion. Management said the quarter was a “milestone” and reiterated its focus on investing in Wisely.ai to build solutions for telcos and enterprises; Tanla also highlighted an improved S&P Global ESG (DJSI) score and recognition as Google’s Growth Partner of the Year 2025 for the second consecutive year. Tanla is an A2P messaging and communications platform provider, serving enterprises and carriers across geographies.

Tanla’s prospects look steady rather than “overpriced” at this stage: even after the jump, the stock is still trading around 12 to13x trailing earnings and roughly 1.4x sales, so the rerating case depends more on sustaining growth and improving mix (including Wisely) than on valuation stretch alone. On the “America impact”, the key swing factor is US A2P 10DLC compliance, industry guidance notes that unregistered 10DLC traffic has been blocked since Feb 1, 2025, which can be a tailwind for compliant messaging and anti-spam solutions, but can also create near-term volume volatility if customers delay registration or change campaigns.