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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 Highlights: - 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…

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