Stock Markets Today: Tanla Platforms Ltd share price declined more than 7% in the morning trades on Wednesday to 1 year lows (52-week lows) post Q3 results that were declared b the company after the market hours on Tuesday. As net profit dipped 15% year on year, the dividend announcement failed to support investors sentiments
The Tanla Platforms share price opened at ₹650.95 on the BSE on Wednesday, more than 2% lower than the previous close of ₹664.80. The Tanla Platforms share price thereafter declined further to intraday lows of ₹618.05 , translating into more than 7% decline. The intraday lows hit by Tanla Platforms share price also happened to be 1 year or 52 week lows for the stock.
Tanla Platforms Q3 Results: The company’s consolidated net profit for the third quarter of the fiscal year (Q3FY25) decreased by 15% year over year to ₹118.51 crore from ₹140.13 crore during the same period last year.
The consolidated revenues from operations recorded by Tanla Platforms during the December 2025 quarter at ₹1,009.82 crore, also did not grow much compared to ₹1,007.63 crore in the year ago quarter. The same declined slightly from ₹1,011 Crore reported by Tanla during the September quarter
Key Highlights
While revenue growth remained tepid and profit declined, however the positive still remains that Tanla is a cash rich company without debt. Free cash flow as per company was at ₹217 Cr and Tanla’s cash balance stood at ₹ 921 Cr
The Earnings before Interest Tax Deprciation and Amortisation (EBITDA) stood at ₹ 163 Cr and the Ebitda margin was at 16.3%
The Profit after tax margin was at 11.8%
Dividend details
The company also declared an interim dividend for the FY 2024-25 at the rate of ₹ 6/- per equity share (i.e., 600%) of face value ₹ 1/- each.
The ‘Record Date’ for determining the eligibility of shareholders for payment of the said interim dividend, as declared by the Board of Directors had been finalised at January 27, 2025.
The payment of interim dividend shall be made on or before February 20, 2025.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment
