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Updated: Tanla Q4-FY11 Results: Profits Dip 83% YoY; Domestic Income Increases

Updated With Details from the Investor Update

Tanla Solutions reported its fourth quarter results with its consolidated total income declining 27.35 % Year on Year to Rs 72.21 crore from Rs. 99.39 crore in Q3FY11. It reported an EBITDA of Rs. 29.09 crore, and a Profit after tax of Rs. 2.21 crore , down 83.3% year on year.

Again, the company’s domestic earnings increased, while its International revenues slipped. International revenues for Tanla were Rs. 67.90 crore, down 2.09 % sequentially,and 30.5 % year on year. Its domestic revenue increased 44.3% sequentially from Rs 2.6 crore to Rs 3.68 crore ( a YoY increase of 300%) due to growth in aggregation and launch of new solutions like the Games Club.

Annual Results

For the financial year FY11 ending 31st March 2011, Tanla reported a total revenue of Rs. 298.58 crore, a major decline from last year’s revenues of Rs. 372.04 crore. Although, the company’s domestic income increased from Rs. 4.48 crore in FY10 to Rs. 9.61 crore in the last fiscal, its international revenues came toppling down from Rs. 361.95 crore to Rs. 287.82 crore in FY11. The company’s net profits plunged to Rs. 8.84 crore in the last financial year, from Rs. 28.31 crore that it registered in FY10.

Download: Tanla Financials

Read: Q3-11 Results for Tanla


– Tanla launched Games Club, which enables try and buy of games with uniform license models, last quarter and deployed the solution on Indian and International operators. It also informs that its mobile payment solution TPayMobile received a good response across developers.

– Tanla has signed a number of clients in the aggregation and mobile payments space in South Africa.

Investor Update

According to Tanla Solutions’ investor update, the company reported a Rs. 2.6 crore decline in revenues from mobile payments due to lower transactional volumes from Nokia, a decrease of 30.09% from last quarter. The revenues from mobile consultancy also saw a decline of 25.02% quarter on quarter. Aggregation was down by Rs. 2.37 crore (4.5%), on account of rate card restructuring, and Telecom Products saw an increase of Rs. 5.09 crore (57%) in Q4FY11, on account of one-time platform sale.

– Club Portal Deployments: Tanla has secured deployments with 2 mobile operators in India and 2 overseas. The company now offers the service to 11 operators in total. The service has been deployed with two of India’s largest operators, for which testing is underway. The deployment is in progress with one of Indonesia’s largest operator and is already live on a large operator in the UAE.

Billing & aggregation: Tanla has boarded twenty three new customers for providing billing and aggregation services in various geographies such as UK, South Africa and India. 6 customers in and outside India boarded on India Billing and Aggregation platform. 5 customers in and outside South Africa boarded on South Africa Billing and Aggregation platform. 12 customers boarded on UK Billing and Aggregation platform.

Deployments: Deployment of 3G video portal was completed and is live on one of India’s leading telco. On a leading Indian mobile network, Tanla completed deployment of MCA, while deployment of OBDs and second SMSC is in progress.

Telecom Products: Trials are currently on for a 3G Video solution, for offering medical related services to a leading Indian hospital chain.

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