Shares of Tanla Platforms continued to fall for the second straight session after the announcement of its Q1 results. Shares hit 52-week low 588 on the BSE fell nearly 19% in early deals on Wednesday.
The company reported a sequential and year-on-year decline in net profit for the first quarter. Net profit fell for the quarter ended June 30, 2022 (Q1FY23) 100 crores than 140 crore in the March quarter.
Hyderabad-based Tanla Platform provides value-added services in the cloud communications sector. Tanla Platform Share So far in 2022 (YTD) has declined by over 67%.
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