Tanla's net up 67% in Q2
India’s largest CPaaS provider Tanla Platforms Ltd registered 67 per cent year-on-year rise in net profit at Rs 136.2 crore in the second quarter of financial year 2021-22.
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HYDERABAD: India's largest CPaaS provider Tanla Platforms Ltd registered 67 per cent year-on-year rise in net profit at Rs 136.2 crore in the second quarter of financial year 2021-22. In the same way, its revenue increased by 44 per cent y-o-y to Rs 841.6 crore in FY 2022.
The company's Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew up by 83 per cent y-o-y to Rs 178.7 crore in FY 2022. The EBITDA percentageimproved by 452 basis points y-o-y.
Uday Reddy, Founder Chairman and CEO, Tanla Platforms Ltd, said: "Our stellar performance was contributed by higher wallet share from existing customers and additional market share expansion from newer clients."
During the quarter, Gartner recognises Tanla in the latest CPaaS market guide as a key global solution provider in the developer market. It is the only Asian company to be recognised under developer category.
