Updated Tanla Solutions reported its third quarter results with its consolidated total income declining 23% Year on Year to Rs 71.91 crore from Rs. 93.5 crore. International revenues for Tanla were Rs. 69.35 crore, down 8.8% sequentially,and 24.41% year on year. Tanla reported an EBITDA of Rs. 20.2 crore (down year on year), and a Profit after tax of Rs. 1.3 crore (down 89.6% year on year). Its domestic revenue increased 12,3% sequentially from Rs 2.3 crore to Rs 2.6 crore due to growth in aggregation and launch of new solutions like the Games Club. There has been a drop in revenues at the consolidated level due to the decrease in number of new licenses deployed with Nokia. Revenues from Mobile Consultancy Services have also decreased marginally due to holiday season in the European markets. Download: Tanla Financials Read: Q2-11 Results for Tanla Tanla has deployed its 3G Video portal with one mobile operator and one enterprise during the third quarter. Trials with other operators are in progress. A company spokesperson informs that Tanla has closed the deal with one of the largest mobile operators in India to deploy its 3G platform. It also launched Games Club, which enables try and buy of games with uniform license models, and secured deployments with 5 operators in India and 2 overseas, out of which 2 have gone live. Update According to the Tanla Investor Update , the company reported a Rs. 6.64 crore decline in revenues from mobile payments due to lower transactional volumes from…
