Tanla Platforms shares zoom 12% as board to consider buyback; check details

Mobile operator firm Tanla Platforms’ shares zoomed over 12% on Thursday, June 12, as its board is scheduled to meet to consider a buyback.

Following this, shares of the firm soared over 12% to touch an intraday high of ₹701.65 apiece. At the time of writing this, the stock was seen at ₹689.90 per share, jumping 10.8% on the National Stock Exchange.

In an exchange filing, the company said that the trading window for dealing in securities will remain closed for all the insiders involved in the buyback project from June 11 to June 18.

“Pursuant to Regulation 29(1)(b) of the SEBI LODR, this is to inform you that a meeting of the board of directors of Tanla Platforms Limited (‘Company’) will be held on Monday, June 16, 2025, inter alia, to consider the proposal for buyback of equity shares of the Company and other matters necessary and incidental thereto, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws,” the firm said in a statement to the exchanges.

This is the third time in five years that Tanla is considering a buyback. According to reports, the firm had earlier conducted buybacks in 2020 and 2022, both at ₹1,200 per share, amounting to ₹154 crore and ₹170 crore, respectively.

Tanla Platforms had reported a 9.9% decline in its January-March quarter net profit at ₹117.3 crore as compared to ₹130.2 crore in the same period of the previous fiscal. Its revenue, however, climbed 1.9% to ₹1,024.4 crore in Q4 FY25 from ₹1,005.5 crore in the previous year.

The firm’s earnings before interest, tax, depreciation and amortisation (EBITDA) also increased 1.9% to ₹163.4 crore from the previous year. The EBITDA margin remains unchanged at 16%.

Along with the earnings announcement, Tanla Platforms' board had also declared a second interim dividend of ₹6 per equity share for FY25, and the record date for the same was April 30, 2025.

Over the last five trading days, Tanla Platforms shares soared over 10%, while for a month’s period, the stock gained 38%.

Since December 12, 2024, which is six months, shares of the firm have declined 3%.

The company’s market capitalisation stands at ₹9,211.87 crore.

Shares of the firm had touched its one-year high of ₹1,086.45 apiece on July 15, 2024, while its 52-week low of ₹409.35 was hit on March 3, 2025.