The shares of this leading cloud communication solution provider gained 3 percent to an intraday high of ₹1,019 per share on Tuesday after the company developed tailor-made WhatsApp solutions for small and medium-scale businesses to streamline the business process.
At 1:20 p.m., Tanla Platforms Ltd. shares were trading at ₹1,005 per share, up 1.66 percent from the previous close price on the National Stock Exchange. The company has a market capitalization of ₹13,524 crore.
Tanla has developed customized solutions to facilitate conversational commerce on WhatsApp, catering to the needs of large enterprises, public sector organizations, as well as small and medium-sized businesses (SMBs).
A WhatsApp-based solution by Tanla specifically addresses SMBs’ need to simplify the end-to-end process from selling products on WhatsApp to engaging with customers. Equipped with media, messaging lists, flows, catalogue management, and many more advanced features, the solution enables the ONDC seller app interface on the WhatsApp platform.
This solution is aimed at simplifying commerce for SMB retailers by offering easy store registration on ONDC, order fulfillment in less than 2-3 clicks, and a customer engagement solution to generate more business. The solution will enable ubiquity across platforms and provide a ‘one-seller app experience. The company reported this in its exchange filing.
Tanla, a market leader in the cloud communication space in India, has been playing a key role in business messaging across industries such as BFSI, travel, e-commerce & logistics.
Tanla Platforms Ltd. is a cloud communications provider that enables businesses to communicate with their customers and intended recipients. It is headquartered in Hyderabad, India. It is a global A2P(application to person) messaging platform provider
The company’s revenue has increased by 15 percent yearly, from ₹870 crore in Q3FY23 to ₹1,003 crore in Q3FY24. In the same time frame, net profit has jumped by 19 percent from ₹117 crore to ₹140 crore.
Tanla Platforms Ltd. shares have gained 4 percent in the last six months and 48 percent in a year. The company’s gross profit grew by 24% on a YoY basis. Gross profit increased by 199 bps to 26.9%.
Tanla’s annual revenue surpasses ₹10 million, thanks to its 335 customers, reflecting a 6% year-over-year increase in customer base. The company has more than 2000 customers across segments. The notable clients include Airtel, SFR, Google, Facebook, LinkedIn, and HDFC Bank.
Written by Omkar Chitnis
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