Tanla Platforms shares in focus after Q3 results, sale of Gamooga Softtech

Shares of Tanla Platforms cracked 7% to their day’s low of Rs 618.05 on the BSE on Wednesday, January 22, after the company on Tuesday announced its results for the quarter that ended December 2024 along with the sale of a 100% stake in Gamooga Softtech , a wholly owned subsidiary of Karix Mobile . Here are the key details of the announcement: Q3 results The company reported a decline of 21.63% YoY in its profit after tax (PAT) for the quarter ended December 2024, at Rs 118.50 crore against Rs 140.13 crore reported in the year-ago period. Meanwhile, the revenue from operations was reported at Rs 1,000.43 crore in the said quarter, versus Rs 1,002.60 crore reported in the corresponding quarter of the previous financial year. This is a decline of 2.17% on a year-on-year basis. Tanla’s gross profit was posted at Rs 261 crore while the gross margin was at 26.1%. Meanwhile, the EBITDA stood at Rs 163 crore and the EBITDA margin was at 16.3%. Stock Trading Maximise Returns by Investing in the Right Companies By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Among other updates, the company also announced an interim dividend of Rs 6 per share. Sale of Gamooga Softtech The company also informed that it has offloaded its 100% stake in Gamooga Softtech, which is a wholly owned subsidiary of Tanla’s other wholly owned subsidiary, Karix Mobile. “Pursuant to Regulation 30, 33 and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that, the Board of Directors of the Company, at its meeting held on Tuesday, January 21, 2025, inter-alia considered and approved the following: Sale/ disposal of 100% equity stake in Gamooga Softtech Private Limited (“Gamooga”), a WhollyOwned subsidiary of the Company to Karix Mobile Private Limited (“Karix”), another WhollyOwned Subsidiary of the Company,” said the company in an exchange filing. This means that after the completion of the said transfer, Gamooga will become a step-down subsidiary of the company. Tanla Platforms share price history In the past year, the shares of Tanla Platforms have plummeted by 43.57% and dropped considerably by 31.48% in the last 6 months. On Tuesday, the stock closed 0.7% higher at Rs 664.80 on the BSE. Also read: Zomato tanks over 10% on weaker numbers, drags Swiggy along, too ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel )