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Tanla Reports Net Loss Of Rs 29.04 Cr For Q3-FY13; 7th Straight Loss Making Quarter

Mobile VAS company Tanla Solutions has posted a total revenue of Rs 24.47 crore for the quarter ending December 31, 2012, a 18.63% decline from Rs 29.03 crore in the previous quarter and a 38.67% decline from Rs 40.23 crore in the corresponding quarter last year. Note that these consolidated results 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. Tanla reported a net loss of Rs 29.04 crore for the quarter, an increase from Rs 28.09 crore loss in the previous quarter but an improvement from Rs 40.99 crore loss in the same quarter last year. This is the seventh straight loss making quarter for Tanla and the company had last reported profit in the quarter ending 30th March, 2011, where it had registered a profit after tax of Rs 2.21 crore. Overseas vs India Revenues: During the quarter, Tanla reported a 15.7% decline in its overseas revenues to Rs 19.32 crore from Rs 22.91 crore reported in the previous quarter and a significant 41.86% decline from Rs 33.23 crore in the corresponding quarter last year. The domestic revenues also reported an 18.6% decline to Rs 5.16 crore from Rs 6.12 crore in the previous quarter and a 26.39% decline from Rs 7.01 crore in the same quarter last year. The company hasn’t however provided any operational information or updates on its new products for the quarter.…

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