Mobile VAS company Tanla Solutions saw a decline in its losses year on year, with the net loss at Rs 59.06 crore for the quarter ending March 31, 2013, an improvement from Rs 73.35 crore loss in the same quarter last year. However, this is Tanla's eight straight loss making quarter and it had last reported profit in the quarter ending March 31, 2011, where it had registered a profit after tax of Rs 2.21 crore. For the year ending March 31, 2013, the company saw a similar decline in its losses to Rs 147.49 crore for FY13, as compared to Rs 157.43 crore loss in FY12. Operational Highlights - Tanla plans to launch its mobile social gaming platform GameOn in the current quarter. - A social music platform for mobile, Web and Facebook platform is also currently in advanced stages of development and the company plans to launch the platform in the current fiscal. - Last month, Tanla re-aligned (pdf) its business to limit its carrier payments & platforms business to be India-centric while its patented rights management services will be a global business. As a result, the company is planning to merge its wholly owned subsidiaries in Singapore and the United Kingdom to its Indian wholly owned subsidiary Tanla Mobile Pvt. Ltd (TMPL) and has received board approval for the same. Financials The total operational revenues for Tanla Solutions dipped significantly year on year to Rs 29.56 crore for the quarter, down 25.67% from Rs 39.77 crore in the same quarter last year. For the year ending March 31, 2013, the…
