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Tanla Q2FY12 Results: Rs 19.86 Cr Loss; Revenue Down 43.4%

Tanla Solutions, the mobile VAS solutions company has clocked a total revenue of Rs. 44.33 crore for the quarter ended 30th September 2011, a major decline of 43.41% from Rs 78.34 crore reported for the same quarter last year. Tanla reported a loss of Rs 19.86 crore for the quarter, compared with a profit of Rs 3.24 crore for the same quarter last year. Again, there has been a significant decline in overseas revenues from Rs 76.04 crore that the company recorded in Q2FY11 to Rs 39.19 crore that it recorded in the quarter ended 30th September 2011, a decrease of 48.46%. However, domestic revenues increased by 125.6% YoY to Rs 5.10 crore. 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. Launches: During the quarter, Tanla had launched an online music learning tool called GuruSwara, in collaboration with Muzigle, a social music network, based on its online Karaoke platform InTune. Standalone Results: On a standalone basis, Tanla reported an income of Rs 6.06 crore, up from Rs 6.09 crore reported for the same quarter last fiscal, and a loss after tax of Rs 2.96 crore, down from Rs 3.77 crore reported in Q2 last fiscal. Redisgnation of Execs: The company in its latest stock exchange filing has informed that it has redesignated Satish Kathirisetti from the position of Director-Technical to Chief Technical Officer, while Navnit Chachan has been…

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