Tanla Solutions' total revenue up 78.68%
Tanla Solutions Limited, a telecommunications software and services provider, has reported a total revenues of Rs 166.87 crore for the quarter ended June 30.
By PTI |
HYDERABAD: Tanla Solutions Limited, a telecommunications software and services provider, has reported a total revenues of Rs 166.87 crore for the quarter ended June 30 against Rs 94.51 crore for the corresponding quarter of 2007 on a consolidated basis. This registers a rise of 78.68 per cent.
Net profits have increased by 69.60 per cent to Rs 58.41 crore as compared with the same period last year.
On a sequential basis total revenues have increased by 14.71 per cent. EBITDA margins stood at 48.20 per cent for the quarter on a consolidated basis.
Uday Reddy, Chairman and MD of Tanla Solutions, said, "the last quarter has been exciting with milestones achieved with our acquisition of Openbit which gives us a global footprint inside millions of handsets to enable us on device payments. We would focus on completing full integration by this quarter even as our aggregator platform has already been integrated with Openbit. Going forward, our organic growth in new geographies and products would be emphasised".
Net profits have increased by 69.60 per cent to Rs 58.41 crore as compared with the same period last year.
On a sequential basis total revenues have increased by 14.71 per cent. EBITDA margins stood at 48.20 per cent for the quarter on a consolidated basis.
Uday Reddy, Chairman and MD of Tanla Solutions, said, "the last quarter has been exciting with milestones achieved with our acquisition of Openbit which gives us a global footprint inside millions of handsets to enable us on device payments. We would focus on completing full integration by this quarter even as our aggregator platform has already been integrated with Openbit. Going forward, our organic growth in new geographies and products would be emphasised".
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
