Mobile VAS company Tanla Solutions has recuperated in the quarter ended September 2009, posting net profits of Rs. 108.3 million, down 3.3% from the previous quarter after a heady 61.5% fall in profits in the previous quarter ended June 2009.
Consolidated revenues also showed an upswing, though minimal at 2.8%, to Rs. 906.7 million on a quarter on quarter basis. However, they are still less than half the Rs. 2124.2 million recorded in the corresponding quarter last year. On a year on year basis, profits are down 84.6%.
Domestic business has floundered this quarter: revenues from India sales were down 65.2% to Rs. 7.6 million, representing an 81.4% fall from the Rs. 72.1 million recorded in the Sep 08 quarter. Last quarter, we had seen that despite adding 28 clients, primarily Indian media and entertainment houses, the company had recorded a 43.7% quarterly decline in domestic income. The company’s joint venture with ZED Worldwide, TZ Mobile, should have begun operations in September and may be the company’s only bet in competitive Indian Mobile VAS arena.
Details: Financials | Release | Call(Nov 2nd, 5 pm)
Tanla offers a range of services including content and campaign management, an MMS gateway, phone billing through Premium SMS for mobile applications and M-Raga, a mobile radio service as well as 3G services. It caters to both Indian and international media and telecom firms, deriving most revenue from UK and Indian markets, followed by Dubai.
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