600% Dividend: IT Stock Reports 20.3% Surge In PAT, Gains 69% In 1-Yr

IT Software sector company Tanla Platforms Ltd shares declined 3.71% in trade today on BSE today despite reporting healthy quarterly results and declaring an interim dividend of 600% i.e. Rs 6.00 per equity share of Re 1/- each.

Tanla Platforms fixed February 5, 2024 as the record date for interim dividend. Tanla Platforms shares offered return of 69% in last 1-year and soared 3693% in last 3-years. Last trading price of Tanla Platforms shares BSE is Rs 1134.40 apiece. Check details below:

Tanla Platforms Stock Performance & Return: The 52-week high price of Tanla Platforms shares on BSE is Rs 1317.70 per share and 52-week low price is Rs 506.10 per share, respectively. The company has a market capitalisation of Rs 15,253.13 crore. Tanla Platforms shares offered return of 12% in last 3-months, declined 10% in last 6-months, fell 39% in last 2-years, and surged 54% in last 3-years. The scrip soared by 22,679% in last 10-years.

Tanla Platforms Declares Interim Dividend: As per the regulatory filing of the company dated today, "approved interim dividend of 600% i.e., Rs. 6.00 (Rupees Six only) per equity share of Re.1/- each on the equity share capital of the Company and fixed February 05, 2024 as Record Date for the purpose of determining the entitlement of the shareholders for the payment of Interim Dividend."

Tanla Declares Results For Third Quarter (October - December 2023): It reported its revenue increased by 15.3% year-over-year to Rs 10,026 million. Gross profit reported at Rs 2,699 million and gross margin arrived at 26.9%. EBITDA declared at Rs 1,928 million and EBITDA margin came at at 19.2%. Meanwhile, profit after tax increased by 20.3% year-over-year to Rs 1,401 million and Profit after tax margin at 14.0%. Tanla's earnings per share increased by 21.5% year-over-year to Rs 10.42.

Tanla Key Metrics For Nine Months (April - December 2023): It announced its revenue increased by 16% year-over-year to Rs 29,223 million. Gross profit came at Rs 7,874 million and gross margin at 26.9%. The EBITDA declared at Rs 5,718 million and EBITDA margin at 19.6%. Profit after tax soared by 27.7% year-over-year to Rs 4,181 million and profit after tax margin at 14.3%. Its earnings per share increased by 29.0% year-over-year to Rs 31.10.

Uday Reddy, Founder Chairman & CEO, Tanla Platforms Limited said, "We've had a good start to the year - signing the first commercial agreement with Wisely ATP. We have strengthened our ESG efforts and secured S&P Global ESG Score of 68, being placed in the top 99 percentile of all companies in the software industry segment."

About: 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.

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