For the quarter ending 30th June 2011, Tanla Solutions has reported a total revenue of Rs. 51.08 crore, a major decline of 32.86% from Rs 76.08 crore reported for the same quarter last year. Tanla reported a loss of Rs 17.65 crore for the quarter, compared with a profit of Rs 20.77 crore for the same quarter last year.
This is largely because of significant decline of 37.45% in its overseas revenues – down to Rs 46.62 crore from Rs 74.53 crore for the same quarter last fiscal, while domestic revenues grew to Rs 4.43 crore from Rs 1.10 crore, year on year.
Note that these are consolidated results, and include results for multiple ventures:, including Tanla Oy in Finland, operations in Singapore, UAE, Ireland, South Africa, Sri Lanka, as well as Tanla’s joint venture with ZED – TZ Mobile.
On a standalone basis, Tanla reported an income of Rs 6.69 crore, up from Rs 5.97 crore reported for the same quarter last fiscal, and a loss after tax of Rs 2.98 crore, down from Rs 7.57 crore reported in Q1 last fiscal.
The company hasn’t provided any operational information yet. We’ve also requested them for information on their conference call. More when we have it.