Q4 2024 Tanla Platforms Ltd Earnings Call Transcript
Key Points
- Platform business gross margin grew 35% after normalizing for the impact of exiting a deal with Vodafone.
- ATP (Advanced Threat Protection) contribution to total consolidated revenues increased significantly, from 4% in FY23 to 18% in Q4 FY24.
- Strong growth in OTT (Over-The-Top) revenue, with a plan to double WhatsApp revenues from INR 365-400 crores to INR 700 crores.
- Positive outlook on international messaging business, with expectations of growth following WhatsApp's price increase.
- Continued investment in technology and top talent, indicating a focus on future growth and innovation.
- Platform business growth rate slowed to 10% in Q4, down from previous higher rates.
- Impact of exiting the Vodafone deal still affecting financials, with some residual impact expected in Q1 FY25.
- Challenges in converting ATP leads due to long sales cycles and internal discussions within customer organizations.
- Uncertainty around regulatory clarity on liability for scams, affecting the adoption of ATP by banks.
- International SMS revenue faced headwinds, with a sequential de-growth starting from Q2 FY24.
Ladies and gentlemen, good day, and welcome to Q4 FY 24 earnings conference call of Tamla Platforms Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Ritu Mehta, Investor Relations. Thank you and over to you.
Good evening and welcome to our Q4 earnings call. Joining with us today, are Uday Reddy, Founder Chairman and CEO; Deepak Goyal, Executive Director and Chief Business Officer; and Aravind Viswanathan, CFO.
Before we start the call, let me draw your attention to the fact that today's discussion may be just statements that are forward-looking in nature. All statements other than statements of historical fact could be deemed forward-looking in nature. Such statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified.
A detailed disclosure in this regard is mentioned in the results presentation that is uploaded on our website. Audio recording and transcript will be
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
