HYDERABAD, India, Oct. 22, 2021 /PRNewswire/ -- Tanla Platforms Limited, India's largest CPaaS provider, today announced its financial results for the quarter two of FY'21-22.

Key Metrics: Second Quarter

• Revenue increased by 44% year-over-year to ₹8,416 million.
• Gross profit increased by 71% year-over-year to ₹2,302 million. Gross margin % at 27.4% and improved by 440 basis points year-over-year.
• EBITDA increased by 83% year-over-year to ₹1,787 million. EBITDA % at 21.2 % and improved by 452 basis points year-over-year.
• Profit after tax increased by 67% year-over-year to ₹1,362 million.
• Earnings per share increased by 72% to ₹10.04.
• Free cash flow at ₹2,217 million and Cash & Cash Equivalents at ₹8,457 million

Key Metrics: Half Yearly

• Revenue increased by 41% year-over-year to ₹14,680 million.
• Gross profit increased by 68% year-over-year to ₹4,037 million. Gross margin % at 27.5% and improved by 443 basis points year-over-year.
• EBITDA increased by 82% year-over-year to ₹3,132 million. EBITDA % at 21.3% and improved by 473 basis points year-over-year.
• Profit after tax increased by 50% year-over-year to ₹2,407 million.
• Earnings per share increased by 61% to ₹17.71.
• Free cash flow at ₹3,502 million.

Uday Reddy, Founder Chairman & CEO, Tanla Platforms Limited said, "Our stellar performance was contributed by higher wallet share from existing customers and additional market share expansion from newer clients."

Significant events during the quarter

• Gartner recognizes Tanla In the latest CPaaS market guide as a key global solution provider in the Developer market. Only Asian Company to be recognized under Developer category.
• We celebrated the first anniversary of commercial launch of Trubloq, world's first and largest block-chain use case and increased our market share to 63%.
• We closed two significant partnerships on Wisely platform, which will be announced during the quarter.
• The customer base has expanded with addition of 87 new customers. Revenues from >₹10Mn+ customers grew by 46% year-over-year.
• We hired 111 employees during the quarter. To date, 91% of employees have received first dose of vaccination. Our senior leadership team are back to office, and we plan to bring rest of employees back in a phased manner.
• Appointed PwC as our consultants to advise us on our ESG aspirations & roadmap. Under Social of ESG, Tanla Foundation signed an MoU with Education Dept, Govt of Telangana for PILLARS (Project for Improvement of Learning Levels through Academic support for Rural Schools).
• Completed buyback of equity shares. Total of 705,677 shares were bought back at an average price of ₹ 907 per equity share. ₹ 801 million was incurred towards buyback, out of which, ₹ 649.8 million was returned to shareholders, ₹ 151 million was paid as buyback tax@ 23.36% on distributed amount and ₹ 16 million was paid towards transaction cost. The buyback was closed on September 06, 2021.
• Final dividend was approved by the shareholders in the annual general meeting, and we have completed the payouts.

Invitation to conference:

Tanla will host a conference call and live webcast to discuss the financial results.

Conference call details:

The conference call will begin at 4.00 PM IST on October 22, 2021. Interested parties may listen to the call by dialing +91 22 6280 1141 / +91 22 7115 8042, or if outside India, by dialing toll free number UK 08081011573, USA 18667462133, Hong Kong 800964448, and Singapore 8001012045. The live audio webcast link will be available on the Tanla website

About Tanla

Tanla transforms the way the world collaborates and communicates through innovative CPaaS solutions. Founded in 1999, it was the first company to develop and deploy A2P SMSC in India. Today, as one of the world's largest CPaaS players, it processes more than 800 billion interactions annually and about 63% of India's A2P SMS traffic is processed through Trubloq, making it the world's largest Blockchain use case. Wisely, our patented enterprise grade platform offers private, secure, and trusted experiences for enterprises and mobile carriers. Tanla Platforms Limited is headquartered in Hyderabad. Tanla is listed on two national exchanges, the NSE and BSE, (NSE: TANLA; BSE:532790) and included in prestigious indices such as the Nifty 500 and BSE 500, FTSE Russell and MSCI.

Safe Harbor

This document contains "forward-looking" statements, and these statements involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, expectations of future operati­ng results or financial performance, market size and growth opportunities, the calculati­on of certain of our key financial and opera­ting metrics, plans for future operati­ons, compe­­titive posi­tion, technological capabili­ties, and strategic rela­tionships, as well as assump­tions relati­ng to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quanti­fied. In some cases, you can identi­fy forward-looking statements by terminology such as "expect," "anti­cipate," "should," "believe," "hope," "target," "project," "plan," "goals," "es­timate," "potenti­al," "predict," "may," "will," "might," "could," "intend," "shall," and varia­tions of these terms or the negati­ve of these terms and similar expressions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indicati­ons of the ­times at, or by, which such performance or results will be achieved, if at all.

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors. If the risks or uncertainties ever materialize or the assumpti­ons prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. We assume no obligati­on and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations, except as required by law.

This document contains sta­tisti­cal data, es­timates and forecasts that are based on independent industry publica­tions or other publicly available informati­on, as well as other informa­tion based on our internal sources. This informa­tion involves many assump­tions and limitati­ons, and you are cauti­oned not to give undue weight to these es­timates. We have not independently verified the accuracy or completeness of the data contained in these industry publica­tions and other publicly available informati­on. Accordingly, we make no representati­ons as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this document.

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