Tanla Platforms Limited has officially informed stock exchanges about a significant upcoming corporate development. In compliance with regulatory obligations, the company has announced a board meeting to deliberate on a key financial decision concerning its equity structure. This marks the third time in 5 years that Tanla is looking into a share buyback. The company previously conducted buybacks in 2020 and 2022. Both times, the buyback price was ₹1,200 per share, with the buybacks totaling ₹154 crore in 2020 and ₹170 crore in 2022.
The board meeting, scheduled for 16 June 2025, will primarily focus on the consideration of a buyback of the company's equity shares. This proposal, if approved, would be undertaken in line with the relevant provisions of the Companies Act, 2013, and SEBI’s Buy-back of Securities Regulations, 2018. The intention behind such a move typically aligns with enhancing shareholder value and optimising the capital structure of the company.
The company’s net profit for the January-March quarter declined by 9.9% to ₹117.3 crore, compared to ₹130.2 crore in the corresponding period of the previous fiscal.
Despite the dip in profit, the company's revenue saw a modest increase of 1.9%, reaching ₹1,024.4 crore in Q4 FY25, up from ₹1,005.5 crore in the prior year. EBITDA also grew by 1.9% to ₹163.4 crore, with the EBITDA margin holding steady at 16%.
Alongside these results, Tanla Platforms' board approved a second interim dividend of ₹6 per equity share for FY25, with April 30, 2025, set as the record date.
Read More: Tanla Platforms Q4 Profit Falls 9.9% to ₹117.3 Cr; Declares ₹6 Interim Dividend!
As of June 12, 2025, at 12:10 PM, Tanla Platforms share price is trading at ₹675.80 per share, reflecting a surge of 8.54% from the previous closing price. Over the past month, the stock has surged by 36.68%.
With the scheduled board meeting, Tanla Platforms is set to explore strategic capital allocation decisions. The proposed buyback, subject to board approval, could reflect positively on the company’s confidence in its financial health and long-term prospects.
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Published on: Jun 12, 2025, 1:21 PM IST
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