Tanla to Declare the final Dividend of Rs 6
Tanla Platforms Limited plans to declare a final dividend of Rs 6 per share for FY24, pending shareholder approval at the 25th July AGM.
by Damodharan N
Updated Jul 05, 2024
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Table of Content
Tanla Platforms Limited will announce a final dividend of Rs 6 per equity share for the financial year ending March 31, 2024. This decision is subject to approval by shareholders at the upcoming Annual General Meeting (AGM).
The company has already paid an interim dividend of Rs 6 per share this fiscal year. The record date for the final dividend is set for July 18, 2024, and if approved, the dividend will be paid by August 24, 2024.
The 28th AGM will be held on July 25, 2024, via Video Conferencing. At this meeting, shareholders will review the company's audited financial statements, approve the final dividend, and vote on various board appointments and auditor reappointments.
Among the agenda items are the reappointment of Deepak Goyal as a Director, the reappointment of MSKA & Associates as statutory auditors for another five years, and the approval of Uday Reddy’s reappointment as Chairman and CEO. Sanjay Kapoor’s reappointment as a Non-Executive Director will also be considered.
Tanla Annual Report
Tanla Platforms Limited is a leading provider of cloud communication solutions across various business verticals. The company's primary activities include offering messaging, voice, and IoT services, which facilitate seamless communication between enterprises and their customers.
Tanla is known for its innovative solutions such as Trubloq and Wisely, which ensure secure and efficient communication.
Business Verticals:
The company's business verticals encompass a wide range of sectors, each tailored to meet specific market needs. This strategic segmentation enables targeted growth and specialized expertise across various industry domains.
- Enterprise: Providing messaging and voice solutions to large businesses.
- IoT Solutions: Enabling devices to communicate efficiently.
- Developer Ecosystem: Supporting developers with APIs for communication services.
Financial Performance:
The company’s financial performance reflects its operational efficiency and market positioning. Analyzing key metrics provides insights into profitability, growth, and overall financial health.
- Revenue from operations for FY24: ₹1,01,212.11 lakhs (standalone) and ₹3,92,779.12 lakhs (consolidated).
- Profit Before Tax (PBT) for FY24: ₹16,763.33 lakhs (standalone) and ₹68,340.44 lakhs (consolidated).
- Standalone Revenue: ₹1,01,212.11 lakhs, down from ₹1,14,871.87 lakhs in FY23.
- Standalone Net Profit: ₹15,258.74 lakhs, down from ₹17,374.90 lakhs in FY23.
- Consolidated Revenue: ₹3,92,779.12 lakhs, up from ₹3,35,455.49 lakhs in FY23.
- Consolidated Net Profit: ₹54,831.55 lakhs, up from ₹44,764.86 lakhs in FY23.
Year-over-Year Analysis:
- A slight decline in standalone revenue and net profit due to increased operational costs and market conditions.
- Strong growth in consolidated revenue and net profit, indicating successful integration and performance of subsidiaries.
Standalone Financial Statements
|
Particulars |
FY24 |
FY23 |
Change (%) |
|
Revenue from operations |
1,01,212.11 |
1,14,871.87 |
-11.88% |
|
Other income |
13,766.67 |
11,676.43 |
17.90% |
|
Total income |
1,14,978.78 |
1,26,548.30 |
-9.15% |
|
Cost of services |
87,053.65 |
97,303.04 |
-10.54% |
|
Operating expenses |
10,396.48 |
8,967.07 |
15.93% |
|
Depreciation |
765.32 |
687.69 |
11.27% |
|
Total expenses |
98,215.45 |
1,06,957.80 |
-8.17% |
|
Profit before tax and exceptional items |
16,763.33 |
19,590.50 |
-14.43% |
|
Exceptional item |
- |
- |
- |
|
Profit before tax |
16,763.33 |
19,590.50 |
-14.43% |
|
Less: Tax expense |
1,504.59 |
2,215.60 |
-32.11% |
|
Profit after tax |
15,258.74 |
17,374.90 |
-12.17% |
|
Other comprehensive income |
182.03 |
(212.59) |
185.63% |
|
Total comprehensive income |
15,440.77 |
17,162.30 |
-10.02% |
|
Retained earnings - opening balance |
28,769.27 |
22,300.43 |
29.01% |
|
Add: Profit for the year |
15,258.74 |
17,374.90 |
-12.17% |
|
Less: Dividend and dividend tax |
(13,444.93) |
(10,859.64) |
23.81% |
|
Less: Adjustment of tax relating to PY’s |
- |
(46.41) |
- |
|
Retained earnings - closing balance |
30,583.08 |
28,769.27 |
6.30% |
|
Earnings per share (EPS)-basic |
11.35 |
12.89 |
-11.96% |
|
Earnings per share (EPS)-diluted |
11.33 |
12.89 |
-12.11% |
Consolidated Financial Statements
|
Particulars |
FY24 |
FY23 |
Change (%) |
|
Revenue from operations |
3,92,779.12 |
3,35,455.49 |
17.11% |
|
Other income |
4,263.94 |
2,619.92 |
62.75% |
|
Total income |
3,97,043.06 |
3,38,075.41 |
17.45% |
|
Cost of services |
2,87,184.74 |
2,51,783.40 |
14.05% |
|
Operating expenses |
32,991.03 |
25,015.05 |
31.93% |
|
Depreciation |
8,526.85 |
4,617.13 |
84.61% |
|
Total expenses |
3,28,702.62 |
2,81,415.58 |
16.78% |
|
Profit before tax and exceptional items |
68,340.44 |
56,659.83 |
20.64% |
|
Exceptional item |
- |
- |
- |
|
Profit before tax |
68,340.44 |
56,659.83 |
20.64% |
|
Less: Tax expense |
13,508.89 |
11,894.97 |
13.59% |
|
Profit after tax |
54,831.55 |
44,764.86 |
22.48% |
|
Other comprehensive income |
216.30 |
2,003.24 |
-89.20% |
|
Total comprehensive income |
55,047.85 |
46,768.10 |
17.70% |
|
Retained earnings - opening balance |
1,19,097.67 |
85,192.45 |
39.79% |
|
Add: Profit for the year |
54,831.55 |
44,764.86 |
22.48% |
|
Less: Dividend and dividend tax |
(13,444.92) |
(10,859.64) |
23.81% |
|
Less: Adjustment of tax relating to PY’s |
- |
- |
- |
|
Retained earnings - closing balance |
1,60,484.30 |
1,19,097.67 |
34.78% |
|
Earnings per share (EPS)-basic |
40.79 |
33.05 |
23.43% |
|
Earnings per share (EPS)-diluted |
40.71 |
33.04 |
23.24% |
New Products/Projects:
The company continues to drive innovation through the development of new products and strategic projects. These initiatives are designed to expand market reach and enhance competitive advantage.
- Wisely: A blockchain-enabled platform for secure communication.
- Trubloq: A regulatory compliant solution for message filtering and delivery.
- Significant increase in sales volumes driven by the adoption of Wisely and Trubloq.
- Expansion into new markets and verticals with customized solutions.
Management's Discussion and Analysis (MD&A)
This section provides a comprehensive overview of key factors impacting the company's performance and strategic outlook. It highlights both strengths and weaknesses, offering valuable insights for shareholders on the company's operational dynamics.
- Strengths:
- Innovative product offerings like Wisely and Trubloq.
- Strong customer base and expanding market presence.
- Commitment to compliance and security in communication services.
- Weaknesses:
- Dependency on regulatory approvals for new product rollouts.
- Market competition leading to pressure on pricing and margins.
Future Outlook
The company's goals and objectives for the upcoming year focus on driving growth and enhancing value.
- Expansion: Continue expanding into new geographies and verticals.
- Innovation: Launch new features and enhancements to existing products.
- Customer Engagement: Strengthen customer relationships through tailored solutions and enhanced service delivery .
Tanla Platforms Limited remains committed to innovation and growth, with a focus on enhancing its product portfolio and expanding its market presence. Despite challenges, the company has shown resilience and a strong financial performance, particularly in its consolidated operations. Shareholders can look forward to continued growth and value creation as the company navigates the evolving digital communication landscape
Read the Annual Report and the Notice Here
Tanla
Tanla Platforms Limited enhances digital interactions by integrating various communication tools through a smart platform. They focus on innovation and technology to build a trustworthy digital ecosystem, partnering with over 20 global telecom companies and serving more than 2,000 enterprises worldwide.
Recognized for their achievements in CPaaS, Tanla has received several industry awards and played a key role in the COVID-19 vaccination drive by efficiently managing communication for over 100 crore doses.
Tanla to Declare the final Dividend of Rs 6 - FAQs
1. What was Tanla's standalone revenue for FY24?
Tanla's standalone revenue for FY24 ₹1,01,212.11 lakhs.
2. What was Tanla's standalone net profit for FY24?
Tanla's standalone net profit for FY24 is ₹15,258.74 lakhs.
3. How much was Tanla's consolidated revenue for FY24?
Tanla's consolidated revenue for FY24 ₹3,92,779.12 lakhs.
4. What was Tanla's consolidated net profit for FY24?
Tanla's consolidated net profit for FY24 is ₹54,831.55 lakhs.
5. Did standalone revenue increase or decrease from FY23 to FY24?
The standalone revenue decreased by 11.88%.
6. What was the percentage change in consolidated revenue from FY23 to FY24?
The percentage change in consolidated revenue increased by 17.11%.
7. How did the standalone net profit change from FY23 to FY24?
The standalone net profit decreased by 12.17%.
8. What was the standalone profit before tax (PBT) for FY24?
The standalone profit before tax (PBT) for FY24 is ₹16,763.33 lakhs.
9. What was the consolidated profit before tax (PBT) for FY24?
The consolidated profit before tax (PBT) is ₹68,340.44 lakhs.
10. What was the tax expense for standalone results in FY24?
The tax expense for standalone results in FY24 is ₹1,504.59 lakhs.
11. What was the tax expense for consolidated results in FY24?
The tax expense for consolidated results in FY24 is ₹13,508.89 lakhs.
12. What was Tanla's total income from standalone operations in FY24?
Tanla's total income from standalone operations in FY24 is ₹1,14,978.78 lakhs.
13. What was Tanla's total income from consolidated operations in FY24?
Tanla's total income from consolidated operations in FY24 is ₹3,97,043.06 lakhs.
14. What were the standalone operating expenses for FY24?
Tthe standalone operating expenses for FY24 is ₹10,396.48 lakhs.
15. What were the consolidated operating expenses for FY24?
The consolidated operating expenses for FY24 is ₹32,991.03 lakhs.
16. How much was the depreciation for standalone results in FY24?
The depreciation for standalone results in FY24 is ₹765.32 lakhs.
17. How much was the depreciation for consolidated results in FY24?
The depreciation for consolidated results in FY24 is ₹8,526.85 lakhs.
18. What was Tanla's total comprehensive income (standalone) for FY24?
Tanla's total comprehensive income (standalone) for FY24 is ₹15,440.77 lakhs.
19. What was Tanla's total comprehensive income (consolidated) for FY24?
Tanla's total comprehensive income (consolidated) for FY24 is ₹55,047.85 lakhs.
20. What was the retained earnings closing balance (standalone) for FY24?
The retained earnings closing balance (standalone) for FY24 is ₹30,583.08 lakhs.
21. What was the retained earnings closing balance (consolidated) for FY24?
The retained earnings closing balance (consolidated) for FY24 is ₹1,60,484.30 lakhs.
22. What was the earnings per share (EPS) - basic for standalone results in FY24?
The earnings per share (EPS) - basic for standalone results in FY24 is ₹11.35.
23. What was the earnings per share (EPS) - basic for consolidated results in FY24?
The earnings per share (EPS) - basic for consolidated results in FY24 is ₹40.79.
24. What was the earnings per share (EPS) - diluted for standalone results in FY24?
The earnings per share (EPS) - diluted for standalone results in FY24 is ₹11.33.
25. What was the earnings per share (EPS) - diluted for consolidated results in FY24?
The earnings per share (EPS) - diluted for consolidated results in FY24 is ₹40.71.
26. What was the total expense for standalone results in FY24?
The total expense for standalone results in FY24 is ₹98,215.45 lakhs.
27. What was the total expense for consolidated results in FY24?
The total expense for consolidated results in FY24 is ₹3,28,702.62 lakhs.
28. What was Tanla's other income from standalone operations in FY24?
Tanla's other income from standalone operations in FY24 is ₹13,766.67 lakhs.
29. What was Tanla's other income from consolidated operations in FY24?
Tanla's other income from consolidated operations in FY24 is ₹4,263.94 lakhs.
30. What was the profit before tax and exceptional items for standalone results in FY24?
The profit before tax and exceptional items for standalone results in FY24 is ₹16,763.33 lakhs.
31. What was the profit before tax and exceptional items for consolidated results in FY24?
The profit before tax and exceptional items for consolidated results in FY24 is ₹68,340.44 lakhs.
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