600% Dividend: IT Stock Hit 52-Week Low Post Weak Q3 Results; Record Date Fixed; Buy Now?

Tanla Platforms, a leading provider of cloud communication solutions, has declared a hefty interim dividend of 600% on each share of Re 1 face value. This translates to a payout of Rs 6 per share, a significant reward for shareholders.
The company announced the dividend in its Q3 FY2025 results, despite reporting a 15.4% year-on-year decline in net profit to Rs 118.5 crore. Revenue remained relatively flat at Rs 1,000.4 crore.

Tanla Platforms Dividend Details

The small-cap stock has declared an interim dividend of Rs 6 per share. The ex-date and record date have been set to January 27, 2025, with the payment date scheduled on or before February 20, 2025.
The ex-date signifies the date from which a buyer of the stock will not be entitled to the dividend. The record date determines the shareholders eligible for the dividend payout.

Tanla Platforms Dividend History

Tanla Platforms has a history of rewarding shareholders with substantial dividends. In 2024, the company paid two dividends of Rs. 6 with a total of Rs 12 per share. In 2023, the payout was Rs 4 per share. However, in 2022, the company declared an Rs 8 dividend as per trendline data.

Tanla Platforms Financials in Q3 FY25

Tanla Platforms Ltd announced a 15.4% decline in net profit for the third quarter of FY25, reaching ₹118.5 crore compared to Rs. 140.1 crore in the same period last year. Revenue from operations slightly decreased by 0.2% to Rs. 1,000.4 crore.

EBITDA (earnings before interest, tax, depreciation, and amortization) also declined by 15.3% to Rs. 163.4 crore, leading to a lower EBITDA margin of 16.3% compared to 19.2% in the previous year. Despite the profit decline, the company highlighted significant achievements. Notably, they delivered one billion RCS messages in a single month, as per data from the company's Exchange Filing. Furthermore, they generated a free cash flow of Rs. 217 crore, amounting to 183% of net profit.

Tanla Platforms Shares Today

Tanla Platforms shares declined by 1.84% on January 23rd, closing at Rs. 617. The stock opened at Rs. 630 and touched its 52-week low today. Over the past year, Tanla Platforms shares have delivered a negative return of 45% to investors. The stock has lost up to 7% of its value in the last five days.

About Tanla Platforms Ltd.

Tanla Platforms Ltd., a leading CPaaS (communications platform as a service) provider, is headquartered in Hyderabad, India. Previously known as Tanla Solutions Ltd., the company has evolved into a major player in the global communications landscape. Tanla Platforms specializes in providing businesses with a suite of cloud-based communication solutions, enabling seamless and secure interactions with their customers across various channels.