CPaaS provider Tanla Platforms registers 12% increase in profit to Rs 269cr

Tanla Platforms Limited, the foremost provider of Communications Platform as a Service (CPaaS) in India, has today disclosed its financial outcomes for the first quarter of the fiscal year 2025. The company observed a notable 10% year-over-year growth in revenue, accumulating INR 1,002 Cr. This period also saw a significant increase in gross profit, which rose by 11.7% to INR 269 Cr, solidifying a gross margin of 26.9%.

The earnings before interest, tax, depreciation, and amortization (EBITDA) witnessed a growth of 3.5%, amounting to INR 189 Cr, which corresponds to an EBITDA margin of 18.8%. The profit after tax improved as well, climbing by 4.3% to INR 141 Cr and achieving a profit after tax margin of 14.1%. Similarly, the earnings per share saw an increment of 4.3%, reaching INR 10.50.

Uday Reddy, the Founder Chairman & CEO of Tanla Platforms, expressed optimism about the company’s trajectory, noting the triple growth over the year alongside the launch of the MaaP platform, reinforcing their leadership in the OTT space. He highlighted the significance of their recent partnership with a global tech major on the Wisely ATP initiative aimed at combating scams, describing it as a critical step towards addressing this global challenge.

Significant corporate developments included Tanla’s recognition as a ‘Visionary’ in the 2024 Gartner Magic Quadrant for CPaaS. Additionally, the company embarked on a commercial agreement with one of the Global Tech Majors to bolster scam protection on their messaging platform through the identification of fraudulent phone numbers. The MaaP platform for Google RCS was also successfully launched in July 2024. Furthermore, Tanla announced the appointment of Abhishek Kumar Jain as the Chief Financial Officer, effective from August 1, 2024. Jain joins Tanla after an extensive nearly two-decade tenure at Wipro Limited.

Tanla Platforms, established in 1999, has been a pioneer in the CPaaS industry, processing over 800 billion interactions annually and handling approximately 63% of India’s A2P SMS traffic through Trubloq, the world’s largest Blockchain use case. The company is headquartered in Hyderabad and is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).