It really was too good to last. Revenues from mobile payments for Tanla Solutions continued to decline, following Nokia's change in policy (making maps free early this year): this quarter Tanla reported a Rs. 2.9 crore decline in revenues from mobile payments, which isn't as bad as the Rs. 7.9 crore decline reported last quarter. The decline was offset by increase in revenues from mobile consultancy (up Rs. 73 lakh), Aggregation (up Rs. 4.66 cr) and Telecom Products (Rs. 16 lakh). Download: Tanla Financials & Business Updates (ZIP) Read: Q1-11 Results for Tanla At Rs. 52.44 crore, aggregation remains Tanla's primary source of revenue, and it benefited from a Rs. 1 crore revenue growth from India (total Rs. 2.26 crore), and Rs. 3.66 crore from UK and South Africa during the quarter. International revenues for Tanla were Rs. 76.04 crore, up 2.03% sequentially, but down 14.12% year on year. Tanla reported a total income of Rs. 78.31 crore on a consolidated basis (down 12.31% year on year), EBITDA of Rs. 21.49 crore (down 27.7% year on year), and a Profit after tax of Rs. 3.25 crore (down 70% year on year). EBITDA margins for Tanla were 27%, down from 33% for the same quarter last fiscal. In a business briefing provided by Tanla, the company has mentioned several new client acquisitions, but not disclosed names. If you now, please do tell us in the comments: Billing & Aggregation - Global provider of mobile payment solutions headquartered in Sweden - UK…
