Tanla Platforms Q2 Results Live: Profit Falls by 8.66% YoY

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'.