Tanla Solutions, the mobile VAS company, has posted a total revenue of Rs 39.77 crore for the quarter ending March 30, 2012, recording a significant 44.45% decline from Rs 71.58 crore in the same quarter, last year. Tanla reported a major loss of Rs 73.35 crore for the quarter, compared to a profit of Rs 2.21 crores in the corresponding quarter last year. According to the company, the loss for the quarter increased due to an additional goodwill write off of Rs 9.67 crore and Rs 13 crore provided for bad debts on reconciliation of debtors.
For the fiscal 2012, Tanla posted revenues of Rs 175.37 crores, a significant 41.04% decline from FY11’s revenues of Rs 297.44 crores. The net loss stood at Rs 151.86 crores, compared to a profit of Rs 8.84 crores in the previous fiscal.
During the quarter, Tanla reported a major decline in its overseas revenues to Rs 33.63 crores from Rs 67.90 crore reported in the corresponding quarter last year, while the domestic revenues increased to Rs 6.14 crores from Rs 3.69 crores in the same quarter last year. For the fiscal 2012, the company reported overseas revenues of Rs 152.68 crores and domestic revenues of Rs 22.68 crores as compared to FY11’s overseas revenues of Rs 287.83 crores and domestic revenues of Rs 9.61 crores.
It should be noted that these are consolidated results, and include results for multiple ventures including Tanla Oy in Finland, its operations in India, Singapore, UAE, Ireland, South Africa, Sri Lanka, Middle East, United Kingdom as well as Tanla’s joint venture with ZED – TZ Mobile.
Other Tanla Developments: A fortnight ago, Tanla had partnered with Research In Motion (RIM) in the Middle East to develop applications gift card solutions, using its proprietary license management solution for rights management, in application payments and redemption. Through the gift card, consumers will receive 20 apps bundled with the phone, although there was no information on which apps were being offered through this initiative. The company had also rolled out an updated license manager platform to include location based in-application redemption and social gaming support. Tanla had claimed that using its License Management solution, RIM has the ability to target users based on device, operator, country and pins and all downloads for the gift card are delivered through BlackBerry App World.
In March 2011, Tanla had launched TPAYmobile, a cross-platform in-app billing service for mobile games and app developers which, according to the company, will provide developers access to more than 100 mobile networks for operator billings in addition to Credit and Debit card payments globally.
Hyderabad based Tanla Solutions provides telecom solutions in the areas of Voice, Video, Messaging, Application/ Content Licensing and Mobile Payments to Mobile Operators, Handset Manufacturers, Content aggregators, ISVs and Media companies globally. The company claims to be the first company to launch 3G VAS services in India and claims to have over 100 customers in 32 countries. The company also claims that its License Manager product is embedded in more than 400 million handsets globally and is used by several mobile operators to provide try & buy and Games Club services to its customers.