NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Tanla Platform Ltd. reported muted financial performance for the quarter. The sequential revenue growth and Ebitda margin were below expectation. It reported sequential revenue growth of (0.6%) QoQ, led by (0.7%) QoQ decrease in the revenue of enterprise business and 0.5% QoQ increase in revenue of Platform business.
There was sequential decrease in Ebitda margin (down 28 basis points QoQ) on higher selling, general, and administrative expenses.
We maintain our 'Buy' rating on the stock with revised target price of Rs 1,400/share based on price/earnings of 20 times on FY26E. The stock trades at price/earnings of 18.1 times/14.9 times on FY25E/FY26E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
