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Tanla Reports Net Loss Of Rs 29.04 Cr For Q3-FY13; 7th Straight Loss Making Quarter


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Mobile VAS company Tanla Solutions has posted a total revenue of Rs 24.47 crore for the quarter ending December 31, 2012, a 18.63% decline from Rs 29.03 crore in the previous quarter and a 38.67% decline from Rs 40.23 crore in the corresponding quarter last year.

Note that these consolidated results include results for multiple ventures including Tanla Oy in Finland, its operations in India, Singapore, UAE, Ireland, South Africa, Sri Lanka, Middle East, United Kingdom as well as Tanla’s joint venture with ZED – TZ Mobile.

Tanla reported a net loss of Rs 29.04 crore for the quarter, an increase from Rs 28.09 crore loss in the previous quarter but an improvement from Rs 40.99 crore loss in the same quarter last year. This is the seventh straight loss making quarter for Tanla and the company had last reported profit in the quarter ending 30th March, 2011, where it had registered a profit after tax of Rs 2.21 crore.

Overseas vs India Revenues: During the quarter, Tanla reported a 15.7% decline in its overseas revenues to Rs 19.32 crore from Rs 22.91 crore reported in the previous quarter and a significant 41.86% decline from Rs 33.23 crore in the corresponding quarter last year. The domestic revenues also reported an 18.6% decline to Rs 5.16 crore from Rs 6.12 crore in the previous quarter and a 26.39% decline from Rs 7.01 crore in the same quarter last year.

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The company hasn’t however provided any operational information or updates on its new products for the quarter.

Earlier Developments

In July 2012, Tanla Solutions launched Games Club for BlackBerry Smartphone customers in the Asia Pacific region. As part of the deal, Tanla will be offering over 80 games from Electronic Arts including Need for Speed, Wolverine, The Sims 3, Tetris and Harry Potter to BlackBerry users through the BlackBerry App World. Users can either download these games individually from the BlackBerry App World or by downloading the discovery app which lists all the games available. The company had then claimed that Games Club has about 1 million users and is generating over 2 million game plays per day.

At launch, Chandra Sekhar, Ass. VP, OEM Business Development at Tanla had told Medianama that they previously deployed Games Club directly with operators and indirectly through its content partners and the service was available on Airtel, Aircel, Tatadocomo, Vodafone, Idea and BSNL. However, this was the first time they had integrated with an OEM app store.

In May 2012, Tanla Solutions had announced  its partnership with Research In Motion (RIM) in the Middle East region to develop applications gift card solutions, using its proprietary license management solution for rights management, in application payments and redemption.

Tanla had also launched TPAYmobile, a cross-platform in-app billing service for mobile games and app developers in March 2011. The company had mentioned that this service will provide developers access to more than 100 mobile networks for operator billings in addition to Credit and Debit card payments globally.

Download: Financials

Related:

Tanla Q2-FY13: Rs 28.07 Cr Loss; Revenue Down 34.46% YoY
Tanla Q1FY13: Rs 31.34 Cr Loss; Revenue Down 32.8% YoY
Tanla Q4FY12: Rs 73.35 Cr Loss; Revenue Down 44.45% YoY