Tanla delivers record breaking 20-21, operating profit jumps 134%
Tanla Platforms, India’s largest CPaaS provider, announced its results for the fourth quarter and full year ended 31 March 2021 in comparison with the same periods of the previous financial year.
It has reported consolidated net profit of Rs 102.54 crore for the fourth quarter ended March 2021. The company had posted a consolidated net loss of Rs 89.12 crore in the year-ago period.
Its total income increased by 23.64% during the reported quarter to Rs 650.09 crore as against Rs 525.77 crore in the corresponding quarter of 2019-20.
Tanla added 68 new customers during the reported quarter.
These stellar results continue to demonstrate Tanla’s strong platform and enterprise offerings, focus on customer success, and commitment to enable their communication needs.
For the entire fiscal ended March 2021, Tanla Platforms posted a profit of Rs 356.13 crore. The company had registered a loss of Rs 211.16 crore in 2019-20.
The annual income of the company improved by around 21% to Rs 2,362.4 crore in FY21 compared to Rs 1,955.2 crore in FY20.
Tanla and its subsidiaries also added a total of 259 customers during the year that enhanced the company’s revenues by Rs 95 crore.