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Tanla Platforms Considers Third Equity Buyback as Shares Trade 48% Below Past Offer

A June 16 board meeting will debate the proposal following a 9.9% drop in Q4 net profit despite a 1.9% revenue increase

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Tanla Platforms shares jump 13% as Board to consider third buyback in five years
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Overview

  • Tanla Platforms has scheduled a June 16 board meeting to discuss its third equity share buyback in five years
  • Shares are trading 48% below the ₹1,200-per-share level set in the 2022 buyback, underscoring a marked decline in market value
  • Q4 net profit fell 9.9% to ₹117.3 crore while revenue rose 1.9% to ₹1,024.4 crore and EBITDA margin held steady at 16%
  • The company’s market capitalization stood at ₹8,376 crore as of June 11 and its stock is down 17.1% year-to-date after a 25.8% gain over the past month
  • Tanla declared a second interim dividend of ₹6 per equity share and closed its insider trading window through June 18 under SEBI regulations