tanla

Mobile VAS company Tanla Solutions continues to report losses, although it seems to be slowly recovering: Rs 6.2 crore loss for the quarter ended September 30, 2013 (Q2-FY14), as compared to Rs 6.79 crore loss in the previous quarter and Rs 28.1 crore loss in the same quarter last year.

This is Tanla’s tenth straight loss making quarter and it had last reported profit in the quarter ending March 31, 2011, where it had registered a profit after tax of Rs 2.21 crore.

Operational Highlights

– Partnered with Electronic Arts (EA) to deploy its mobile social gaming platform GameOn on EA’s Need For Speed – The Run (More on that here)

Partnered with a major Android handset manufacturer to deploy its content discovery & monetization wrapper, although there is no word on the specifics of this Android handset manufacturer.

– Tanla’s mobile consultancy service has signed up new clients and has deployed a video streaming and scheduling app for a global media brand, a mobile shopping app for a leading retailer and a cross platform app for a social network during the quarter.

Financials

Tanla’s consolidated net revenue was at Rs 23.2 crore for the quarter, up 2% from Rs 22.8 crore in the previous quarter, but down from Rs 29.03 crore revenues in the same quarter last year.

Its worth noting that these consolidated results include results for multiple ventures including its operations in India, Sri Lanka, Singapore, UAE, Ireland, United Kingdom, Tanla Oy in Finland and its joint venture TZ Mobile Pvt Ltd.

Overseas vs India Revenues: Domestic revenues increased to Rs 8.72 crore, up 60% from Rs 5.45 crore in the previous quarter and up 29.8% from Rs 6.12 crore in the same quarter last year. The company attributed this increase to the acquisition of new clients to its messaging platform business.

The overseas revenues however declined to Rs 14.4 crore, down from Rs 17.3 crore in the previous quarter and down from 22.91 crore in the same quarter last year. Tanla attributed this decline to the consolidation of business operations across various geographies to improve its margins.

Download – Press Release | Financials