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Tanla Q3FY12 Results: Rs 40.99 Cr Loss; Revenue Down 43.9%

Tanla Solutions, the mobile VAS solutions company, has clocked a total revenue of Rs 40.31 crore for the quarter ended 31st December 2011, a major decline of 43.9% from Rs 71.93 crore reported for the same quarter last year. Tanla reported a loss of Rs 40.99 crore for the quarter, compared with a profit of Rs 1.30 crore for the same quarter last year. According to the company, profit for the quarter has been affected as an amount of Rs24.87 crore has been accounted towards depreciation and amortisation of goodwill.

 

Download – Financials

Again, there has been a major decline in overseas revenues from Rs 69.35 crore that the company recorded in Q3FY11 to Rs 33.22 crore that it recorded in the last quarter, a decrease of 52.1%. However, domestic revenues increased by 174.9% YoY to Rs 7.01 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, Middle East as well as Tanla’s joint venture with ZED – TZ Mobile.

Standalone Results: On a standalone basis, Tanla reported an income of Rs 12.93 crore, up from Rs 6.41 crore reported for the same quarter last fiscal, and a loss after tax of Rs 1.75 crore, down from Rs 3.93 crore reported in Q3 last fiscal.

The company hasn’t provided any operational information yet. More when we have it.

 

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