So the change in Nokia's maps offering (from free to paid) finally hit home, as Tanla's license manager, which was going to be a significant revenue source for the company, impacted revenues: quarter on quarter, Tanla reported a Rs. 7.9 crore hit due to Nokia's change in policy, as revenues from Mobile Payments declined 36.4% sequentially, to Rs. 28.20 for the quarter ended June 30th 2010. A decline of Rs. 2.5 cr is also being attributed to a decline in the Euro as far as the mobile payments segment is concerned; devaluation of the GBP and Euro also impacted the aggregation business. As we had reported in June, Tanla had continued to make money from the license manager being supplied with Nokia's (now) free maps. A drop in transactional traffic for Tanla also resulted in a 40.4% decline in revenues from Telecom Products, down to Rs. 8.63 crore from Rs. 14.47 crore for Q4-10. For Q1-11, total revenue for Tanla Solutions stood at Rs. 75.635 crore, a 23.31% fall QoQ and 12.16% YoY, from Rs. 986.29 million and Rs. 861.01 million respectively. Net profit came down to Rs. 2.077 crore from Rs. 13.926 crore last quarter and Rs. 11.524 crore in the same quarter last year, seeing a fall of 85.09% QoQ and 81.98% YoY. EBITDA fell down to 27% this quarter as against 32% in the previous one and 28% in the same quarter last year. Business Updates License Manager: - Tanla will provide License Manager solution for mobile applications and services…
