The Hindu Business Line : Tanla Solutions achieves Rs 212.41 cr revenue in Q2

HYDERABAD: Tanla Solutions Limited, telecommunications software and services provider achieved a revenue of Rs 212.41 crore for the quarter ended September 20, 2008 against Rs 11.42 crore for the corresponding quarter of 2007 on a consolidated basis.

This registers a rise of 90.63 per cent net profits jumped 92.83 per cent to Rs 70.54 crores as compared with the same period last year. EPS for the quarter ended Q2 stood at Rs 7.05.

On a sequential basis total revenues have increased by 25.79 per cent and EBITDA margins stood at 45.66 per cent for the quarter on a consolidated basis.

Tanla Chairman and Managing Director, Mr Uday Reddy said, “Last quarter's result validates our view of a muted impact on the recent global slowdown on the mobile market in geographies of our operation. We have also got a significant boost from our domest ic revenues and our new mobile payments vertical,'' he added.

Tanla Mobile, a Tanla Solutins subsidiary, continues to be the growth driver and works in partnership with global mobile operations across UK and Asia, Spain and South Africa.

The mobile market in both UK and new geographies like India remain resilient to recent economic upheavals.

Vodafone and O2, UK's top two operators continue to see robust growth in non-voice revenues.

For Vodafone, service revenue has increased by 2.1 per cent due to 31 per cent growth in data revenue and 13.5 per cent growth in messaging revenues. - PTI

Prev: Nikkei down sharply
Next: Scope to set up BPO facility in Chennai

Business Line | NUS Index |