Tanla Solutions Ltd, a leading telecommunications software and services provider posted very good results for the first quarter ended 30th June 2008. There has been accelerated growth in revenues and profitability with consolidated total income of Rs. 166.86 crore, up by a whopping 86% on a YoY. Net profit increased by 69.60% to Rs. 56.41 crore. On a sequential basis, total revenues increased by 14.71%. EBITDA margins stood at 48.20% for the quarter on a consolidated basis.
During the quarter, the company acquired 85% in Finland based Openbit for US$15.81 million at a total valuation of US$18.60 million. Integration with Tanla’s UK aggregation platform has been completed Accounts & Finance, HR and R&D to be completed during Q2. It added 145 employees during the quarter, taking the global workforce to 526.
It added 18 new content providers’ clients in UK and Ireland and 20 in India. It has signed up voice portals with BSNL for setting up voice portals in all 23 circles in India, covering both GSM & PSTN networks. These services are to be live in Q2 across the country. It has also signed connectivity agreements with all operators in Spain, South Africa, Dubai and Singapore, wherein the revenues are to commence from Q2.
The stock is currently quoted at Rs.216. The company’s fortunes are directly linked to that of the telecom sector and with the sector all set to takeoff further, though right now things look a bit dull; things could only get better for Tanla during the fiscal. Best to hold on to this stock. One can also consider buying at all declines.
During the quarter, the company acquired 85% in Finland based Openbit for US$15.81 million at a total valuation of US$18.60 million. Integration with Tanla’s UK aggregation platform has been completed Accounts & Finance, HR and R&D to be completed during Q2. It added 145 employees during the quarter, taking the global workforce to 526.
It added 18 new content providers’ clients in UK and Ireland and 20 in India. It has signed up voice portals with BSNL for setting up voice portals in all 23 circles in India, covering both GSM & PSTN networks. These services are to be live in Q2 across the country. It has also signed connectivity agreements with all operators in Spain, South Africa, Dubai and Singapore, wherein the revenues are to commence from Q2.
The stock is currently quoted at Rs.216. The company’s fortunes are directly linked to that of the telecom sector and with the sector all set to takeoff further, though right now things look a bit dull; things could only get better for Tanla during the fiscal. Best to hold on to this stock. One can also consider buying at all declines.
Source: sptulsian.com
