Tanla Solutions posts consolidated profit of Rs 78 cr in June quarter

Communication services firm Tanla Solutions on Wednesday posted a consolidated profit of Rs 78.6 crore in the first quarter ended June 30, 2020.

The company had registered a loss of Rs 75.7 crore in the same quarter a year ago.

“Tanla’s quarterly performance bucks the trend amidst the raging pandemic disrupting global economies. Our unique market standing as a leading digital and cloud communications player have resulted in robust topline and bottomline growth both year-on-year and quarter-on-quarter,” Tanla Chairman and Managing Director Uday Reddy said in a statement.

The company’s total income grew 17.4 per cent to Rs 468.77 crore during the reported quarter from Rs 399.27 crore in the corresponding quarter of 2019-20.