Tanla Platforms Q2 Results Live : Tanla Platforms declared their Q2 results on 17 Oct, 2024, revealing a challenging quarter for the company. The topline saw a decrease of 0.78% year-over-year, while profit experienced a sharper decline of 8.66%. Compared to the previous quarter, revenue also declined slightly by 0.15%, with profit dropping by 7.8%.
The company reported a significant rise in Selling, General & Administrative expenses, which surged by 13.65% quarter-over-quarter and increased by 26.92% year-over-year. This rise in expenses contributed to the decline in operating income, which fell by 8.37% compared to the last quarter and decreased by 12.76% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹9.67, reflecting a decrease of 8.77% year-over-year. This decline in profitability has raised concerns among investors, as Tanla Platforms has delivered a -0.49% return in the last week, a -8.05% return over the past six months, and a staggering -21.71% year-to-date.
Despite the recent challenges, Tanla Platforms currently boasts a market cap of ₹11,531.75 Crores, with a 52-week high of ₹1,248 and a low of ₹782.05. Analysts remain cautiously optimistic, as of 18 Oct, 2024, with one analyst covering the company giving a ‘Strong Buy’ rating, leading to a consensus recommendation of ‘Strong Buy’.
Tanla Platforms Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1000.72 | 1002.2 | -0.15% | 1008.59 | -0.78% |
| Selling/ General/ Admin Expenses Total | 63.1 | 55.52 | +13.65% | 49.72 | +26.92% |
| Depreciation/ Amortization | 23.44 | 22.71 | +3.24% | 22.59 | +3.77% |
| Total Operating Expense | 848.76 | 836.36 | +1.48% | 834.4 | +1.72% |
| Operating Income | 151.97 | 165.85 | -8.37% | 174.2 | -12.76% |
| Net Income Before Taxes | 160.72 | 173.89 | -7.57% | 178.72 | -10.07% |
| Net Income | 130.21 | 141.22 | -7.8% | 142.55 | -8.66% |
| Diluted Normalized EPS | 9.67 | 10.49 | -7.82% | 10.6 | -8.77% |
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