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Tanla Share Price Extended Gains by 6% For 2nd Consecutive Trading Session

Updated on: Jan 2, 2025, 3:22 PM IST
Tanla share price rose ~18% in the past two trading sessions, including a gain of ~12% during the New Year's Day session and a 6% gain on January 2.
Tanla Share Price Extended Gains by 6% For 2nd Consecutive Trading Session
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On January 2, 2025, Tanla Platform shares rose by 6% in early trading mainly due to higher trading volumes. This increase in Tanla share price follows a gain of ~12% during the New Year’s Day session, bringing the total gains to 18% over the past two days. By 10:20 AM, over 4.6 lakh Tanla Platforms shares were traded on the BSE.

Tanla Platforms Share Price Movement 

On Tanla share price opened at ₹750.45, matching its previous closing price on the BSE. The stock then climbed to a high of ₹794, reflecting a 5.6% gain from the previous close. On December 31, 2024, the stock reached its 52-week low of ₹660.50. Its 52-week high stands at ₹1,248.40, recorded on January 12, 2024. In the last month, Tanla Platforms’ stock has increased by 11%.

Tanla Platform Q2 FY25 Results

Tanla Platforms Limited, India’s largest CPaaS provider, reported its financial results for Q2 FY25 (July – September 2024), with revenue of ₹1,001 crore, reflecting a 0.8% year-on-year decline. Gross profit stood at ₹262 crore, with a gross margin of 26.2%, while EBITDA reached ₹175 crore, yielding a margin of 17.5%. The company reported a profit after tax of ₹130 crore and a PAT margin of 13.0%, with earnings per share of ₹9.70.

Free cash flow for the quarter was ₹52 crore, and the cash balance was ₹705 crore. Notable events included the launch of Call to Action (CTA) whitelisting on the Trubloq platform, Karix being named ‘Meta Growth Partner of the Year’ for the second consecutive year, the deployment of Wisely ATP with a leading Indian bank, the appointment of François Ortalo-Magné to the Board as an independent director, and the disbursement of a final dividend of ₹807 million in August 2024.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 2, 2025, 11:07 AM IST

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