This Technology stock is in focus after it reported that its board will be considering a proposal for the buyback of shares. Following the news, the stock surged by 12.82 percent
With a market capitalisation of Rs. 9,100 Crore, the stock of Tanla Platforms opened at Rs. 666.05, up 7.03 percent from yesterday’s close, and after opening, it made a high of Rs. 702.05, up 12.82 percent. Additionally, the Yearly return for the stock is -30 percent, and the past 5-year return is an impressive 890 percent.
Buy Back Update
The company has informed that a meeting of its Board of Directors is scheduled for Monday, June 16th, 2025. The agenda includes considering a proposal for the buyback of the company’s equity shares, along with other related and incidental matters.
Tanla Platforms has previously undertaken two share buybacks prior to the current proposal under consideration. The most recent buyback was executed on October 21, 2022, and the earlier one took place on June 9, 2020. These buybacks were part of the company’s ongoing efforts to return value to its shareholders.
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About the Company
Tanla Platforms Limited, headquartered in Hyderabad and founded in 1999, is a leading cloud communications company specialising in CPaaS (Communications Platform as a Service) solutions. The company enables enterprises to communicate with their customers through secure, scalable, and AI-powered messaging and voice platforms. Tanla holds a dominant position in India’s enterprise messaging space
The company reported a 1.78 percent YoY increase in revenue from Rs. 1,006 Crore in Q4FY24 to Rs. 1,024 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 2.40 percent in revenue from Rs. 1,000 Crore in the previous quarter.
Their Net profit saw a decrease of 10 percent YoY from Rs. 130 Crore to Rs. 117 Crore for the same period. On a QoQ basis, the company reported a decrease of 1.68 percent in Net profit from Rs. 119 Crore in the previous quarter
Written By Abhishek Das
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