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Tanla Reports 82% Decline In Profit, 12.16% In Revenues; Nokia Maps Policy Hit


So the change in Nokia’s maps offering (from free to paid) finally hit home, as Tanla‘s license manager, which was going to be a significant revenue source for the company, impacted revenues: quarter on quarter, Tanla reported a Rs. 7.9 crore hit due to Nokia’s change in policy, as revenues from Mobile Payments declined 36.4% sequentially, to Rs. 28.20 for the quarter ended June 30th 2010. A decline of Rs. 2.5 cr is also being attributed to a decline in the Euro as far as the mobile payments segment is concerned; devaluation of the GBP and Euro also impacted the aggregation business. As we had reported in June, Tanla had continued to make money from the license manager being supplied with Nokia’s (now) free maps.

A drop in transactional traffic for Tanla also resulted in a 40.4% decline in revenues from Telecom Products, down to Rs. 8.63 crore from Rs. 14.47 crore for Q4-10. For Q1-11, total revenue for Tanla Solutions stood at Rs. 75.635 crore, a 23.31% fall QoQ and 12.16% YoY, from Rs. 986.29 million and Rs. 861.01 million respectively. Net profit came down to Rs. 2.077 crore from Rs. 13.926 crore last quarter and Rs. 11.524 crore in the same quarter last year, seeing a fall of 85.09% QoQ and 81.98% YoY. EBITDA fell down to 27% this quarter as against 32% in the previous one and 28% in the same quarter last year.

Business Updates
License Manager:
– Tanla will provide License Manager solution for mobile applications and services offered by Mobile Care and Safety Oy, provider of personal safety solutions in Europe.
– BeoWorld, a handset manufacturer based in Malaysia, will have handsets preloaded with Tanla’s mobile content during production phase and would be provided with infrastructure for license management, billing and payments for consumer purchases.
– Tracker Software, provider of mobile navigation software, to use License Manager solution for mobile applications and services provided by Tanla.
– SPB Software, publisher of software titles for mobile devices including Windows Mobile, Symbian and iPhone, will promote use of Tanla’s solution for preloading mobile content on mobile devices.
– Paragon Software Group, developer and publisher of software titles for all types of mobile devices including Windows Mobile, Symbian and iPhone, Android and Bada, also to use Tanla’s solution for preloading mobile content on mobile devices.
– Deployment of Telescope Inc’s deal with Tanla to market its InTune in the USA to its portfolio of clients that include the largest broadcasters in the US is currently in progress. Telescope Inc is a provider of Participation TV and Mobile Marketing solutions to Media and corporate clients.
– Billing and Aggregation for South African Markets for Hungama Mobile, Adbuyer, Universal Mobile Media, Quadra Mobile, Lessa Mobile, consumer content providers based in South Africa.
– WAP billing in the UK for Halfords, UK retailer specializing in travel and DIY equipments.
– PSMS billing in UK and Europe for ActiveSec, mobile web development and marketing company based in Europe.
– Premium SMS billing in the UK for EVP International, UK based provider of e-commerce payment solutions.

Details: Financials | Business Update

(with inputs from Nikhil Pahwa)

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