India's Tanla Platforms hits near 21-month low as Q3 profit drops

Tanla Platforms

22/01/2025 05:03

** Shares of Tanla Platforms  TNSL.NS  fall as much as 7.4%
to 617.05 rupees, lowest since April 24, 2023; currently down
6.6%
    ** Cloud communication provider on Tuesday reports 15.4% Y/Y
fall in Q3 consol net profit and 0.2% Y/Y fall in rev from ops
    ** Revenue from co's enterprise communication segment, which
contributes to more than 90% of rev, down 0.2% Y/Y
    ** Stock below 200-day exponential moving average since
Sept. 24, 2024
    ** Stock fell 38.6% in 2024 vs gain of 53.2% in 2023



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))