TANLA PLATFORMS LIMITED — Earnings Release 2024

Jul 20, 2023

Tanla Platforms Limited T: +91-40-40099999 (Formerly known as Tanla Solutions Limited) info@tanla.com Tanla Technology Center www.tanla.com Hi-tech city Road, Madhapur, Hyderabad, India - 500081 CIN: L72200TG1995PLC021262

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Date: July 20, 2023

To,

	BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 ScripCode:532790	National Stock Exchange of India Ltd. “Exchange Plaza” Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol:TANLA

Dear Madam/Sir,

Sub: Press Release for the quarter ended June 30, 2023.

With reference to the subject cited, we are enclosing herewith Press Release for the quarter ended June 30, 2023.

Request you to take the same on record and oblige.

Thanking you,

Yours faithfully, For Tanla Platforms Limited

Seshanuradha Chava General Counsel and Company Secretary ACS-15519

Q1

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Tanla Announces First Quarter Results

HYDERABAD, India — July 20, 2023 — Tanla Platforms Limited, India’s largest CPaaS provider, today announced its financial results for the first quarter of Q1 FY24.

Key Metrics: First Quarter (April– June 2023)

• Revenue increased by 14% year-over-year to ₹9,111 million

• Gross profit at ₹2,413 million. Gross margin at 26.5%

• EBITDA at ₹1,822 million. EBITDA margin at 20.0%

• Profit after tax increased by 35% year-over-year to ₹1,354 million. Profit after tax margin at 14.9%

• Earnings per share increased by 36% year-over-year to ₹ 10.07

• Cash & Cash Equivalents at ₹8,039 million and free cash flow of ₹869 million

Uday Reddy, Founder Chairman & CEO, Tanla Platforms Limited said, “We have delivered strong growth across both Digital Platforms and Enterprise Communications business. Our strategic bets are giving us tremendous scale and reach to enterprises, while continuing to have an incredible innovation engine.”

Significant events during the quarter:

• Tanla acquired ValueFirst Digital Media Private Limited, India (“VF Digital India”) (and it is subsidiaries) from Twilio. The acquisition was closed on July 03, 2023, for an all- cash consideration of $ 45.5 million (₹ 3,737 Million)

• Tanla to acquire 100% of ValueFirst Middle East FZ LLC, UAE (and it is subsidiaries) for a cumulative consideration of ₹200 million through a combination of primary and secondary purchase from existing shareholders, subject to closing conditions. This is expected to close by September 2023

• We successfully completed proof-of-concept (PoC) with three leading private banks on Wisely ATP[TM] , the world’s first AI/ML based Anti-Phishing Technology Platform

• Signed a direct contract with world’s largest e-commerce and cloud computing company for CPaaS services

Invitation to the conference call:

Tanla will host a conference call and live webcast to discuss the financial results on July 21, 2023, at 4.30 PM IST.

Conference call details:

Interested parties may listen to the call by dialing +91 22 6280 1141 / +91 22 7115 8042, or if outside India, by dialing the toll-free number - the United Kingdom 08081011573, United States 18667462133, Hong Kong 800964448, and Singapore 8001012045. Watch the presentation at https://bit.ly/q124r

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For any additional information, please contact:

Ritu Mehta

Director- Investor relations

ritu.mehta@tanla.com

About Tanla

Tanla transforms the way the world collaborates and communicates through innovative CPaaS solutions. Founded in 1999, it was the first company to develop and deploy A2P SMSC in India. Today, as one of the world’s largest CPaaS players, it processes more than 800 billion interactions annually and about 63% of India’s A2P SMS traffic is processed through Trubloq, making it the world’s largest Blockchain use case. Wisely, our patented enterprise grade platform offers private, secure, and trusted experiences for enterprises and mobile carriers. Tanla Platforms Limited is headquartered in Hyderabad. Tanla is listed on two national exchanges, the NSE and BSE, (NSE: TANLA; BSE:532790) and included in prestigious indices such as the Nifty 500 and BSE 500, Nifty Digital Index, FTSE Russell and MSCI.

Safe Harbor

This document contains “forward-looking” statements, and these statements involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, expectations of future operating results or financial performance, market size and growth opportunities, the calculation of certain of our key financial and operating metrics, plans for future operations, competitive position, technological capabilities, and strategic relationships, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forwardlooking statements by terminology such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” and variations of these terms or the negative of these terms and similar expressions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. We assume no obligation and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations, except as required by law.

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This document contains statistical data, estimates and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this document.

By receiving this document, you acknowledge that you will be solely responsible for your own assessment of the market and our market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of our business.

Any logos or trademarks (other than Tanla, Karix, Gamooga. Trubloq & Wisely) included herein are the property of the owners thereof and are used for reference purposes only.

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