This Stock Down 20% Intraday At 52-Week Low, Q1 PAT Fall 28%, Strong Balance Sheet

Tanla Platforms Ltd.'s stock price has been bearish in the past year. Today, on July 26, its share price reached a fresh 52-week low level after its financial result publication. However, the company's long-term gain has been significantly high in the long term (up by 1,792.75% in 5 years), and the company has a strong balance sheet, as the management says. Check details here.

Stock to Buy: NSE performance

The current market price of eMudhra stood at Rs. 730.60/share on NSE, falling by 20%, till last traded. In the last 5 days, the share price of this company has fallen by 26.48% on NSE, and in the last 1 month, its share price has fallen by 28.93%. In the past 6 months, its stock price has fallen by 55.81%. But, in the last 5 years its stock price gained by 1,792.75%.

The 52-week high level of this stock is Rs. 2,096.75, and the 52-week low level of this stock is Rs. 730.60.

Market capitalization	Current market price	5 days performance	1 Month performance
Rs. 9,917 crore	Rs. 730.60	-26.48%	-28.93%

Tanla Platforms: company performance

Tanla Platforms' profit after tax (PAT) fell 28.6% QoQ to Rs. 100.4 crore and fell 3.99% YoY in Q1 FY23. Additionally, its net profit plunged by 38.35% YoY to Rs. 323.3 crore in Q1. In the same period, total income gained by 27.6% YoY to Rs. 804.6 crore, but dropped 6.18% QoQ.

According to Founder Chairman & CEO, Uday Reddy, "Q1 had some operational headwinds in the Enterprise business, but we have our building blocks in place to accelerate our momentum in the coming quarters. We have a strong balance sheet and excited by the opportunities ahead of us."

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