Market Performance
Tanla Platforms hit its 1-year low in early trade on January 22, declining by over 7%. The fall followed the announcement of Q3FY25 financial results, revealing a net profit drop and stagnant revenue growth. The stock opened at ₹650.95 on the BSE, a 2% drop from the previous close of ₹664.80, and fell further to an intraday low of ₹618.05.
Financial Highlights for Q3FY25
- Revenue: Consolidated revenue from operations stood at ₹1,009.82 crore, showing marginal growth from ₹1,007.63 crore in Q3FY24. Sequentially, revenue marginally declined from ₹1,011 crore reported in Q2FY25.
- Net Profit: The company's consolidated net profit decreased by 15% year-on-year (YoY) to ₹118.51 crore, compared to ₹140.13 crore in the same quarter of the previous fiscal year.
- Dividend: The company declared a dividend of ₹6/- per equity share with a face value of ₹1/- each.The Record Date of The shareholders eligible for dividend is January 27,2025 with the payment date of February 20, 2025.
The company's performance did not meet market expectations, and the dividend announcement failed to uplift investor sentiment.
Stock Price Performance
The sharp decline in the stock price highlights the market's adverse reaction to the Q3FY25 results. The one-year low of ₹618.05 represents subdued investor confidence as Tanla Platforms has struggled to show significant growth amidst challenging market conditions.
Summary
Tanla Platforms reported a 15% YoY decline in net profit for Q3FY25, with revenues remaining flat. The disappointing performance led to a 7% drop in the stock price, pushing it to its 52-week low. Despite a dividend announcement, the market sentiment remained negative owing to the underwhelming nature of the latest financial results.
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