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Tanla Solutions reported more losses in the fourth quarter ended March 31, 2012, at Rs 73.34 crore from a profit of Rs 2.21 crore in the same quarter in the previous year.
Total income has come down to Rs 39.76 crore (Rs 71.58 crore) due to fall in revenues from overseas operations. Though domestic business doubled its contribution at Rs 6.13 crore, this segment formed very less in overall revenues.
“The loss for the quarter has increased due to additional write-off of goodwill to the tune of Rs 9.67 crore and Rs 13 crore provided for bad debts on reconciliation of debtors,” Mr D Uday Kumar Reddy, Chairman and Managing Director of Tanla, said in a communication to the BSE.
The EPS (earnings per share) eroded sharply and ended up in the negative at –Rs 7.23 as against Rs 0.22 in the comparable quarter last year.
For the year 2011-12, it posted a loss of Rs 152 crore as against a profit of Rs 8.84 crore previous year. The total income for the year was at Rs 175 crore (Rs 297 crore).
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