Tanla Platforms Q1 Results Live : Tanla Platforms announced their Q1 results on 18 Jul, 2024, showcasing a 10% increase in revenue and a 4.3% rise in profit year-over-year.
While compared to the previous quarter, the revenue saw a slight decline of 0.33%, but the profit surged by 8.44%.
The Selling, general & administrative expenses witnessed a 5.36% increase quarter-on-quarter and a significant 43.92% rise year-on-year.
Operating income also showed a positive trend with a 20.56% increase from the previous quarter and a marginal 0.04% rise year-on-year.
The Earnings Per Share (EPS) for Q1 stood at ₹10.49, marking a 4.17% increase year-on-year.
In terms of returns, Tanla Platforms delivered 6.22% in the last 1 week, but faced -13.94% and -9.28% returns in the last 6 months and year-to-date respectively.
The company currently holds a market cap of ₹13352.54 Cr with a 52-week high/low of ₹1317.95 & ₹782.05.
Analysts covering Tanla Platforms have given a Strong Buy rating, with the consensus recommendation as of 20 Jul, 2024 also being Strong Buy.
Tanla Platforms Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1002.2 | 1005.52 | -0.33% | 911.11 | +10% |
| Selling/ General/ Admin Expenses Total | 55.52 | 52.7 | +5.36% | 38.58 | +43.92% |
| Depreciation/ Amortization | 22.71 | 22.86 | -0.67% | 16.45 | +37.99% |
| Total Operating Expense | 836.36 | 867.95 | -3.64% | 745.33 | +12.21% |
| Operating Income | 165.85 | 137.57 | +20.56% | 165.78 | +0.04% |
| Net Income Before Taxes | 173.89 | 161.91 | +7.4% | 169.99 | +2.3% |
| Net Income | 141.22 | 130.23 | +8.44% | 135.4 | +4.3% |
| Diluted Normalized EPS | 10.49 | 9.67 | +8.48% | 10.07 | +4.17% |