India's Tanla Platforms hits 52-week high on rise in Q1 earnings

Tanla Platforms

21/07/2023 06:03

** Shares of Tanla Platforms  TNSL.NS  rise as much as 7.29%
to a fresh 52-week high of 1,198.70 rupees
    ** Cloud communication and platform solutions provider
reports nearly 35% Y/Y rise in net profit to 1.35 bln rupees
($16.46 mln), revenue up 14% 
    ** Core profit up over 39%, core profit margin expands to
20% from 16.3% a year ago
    ** Over 2.19 mln shares change hands as of 10:21 a.m. IST,
1.1x the 30-day avg - Refinitiv data
    ** Stock up 62% in 2023 so far, compared to 9% rise in
benchmark Nifty 50  .NSEI 


($1 = 82.0170 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))