Tanla Platforms shares jump 13% today. Check what's driving the rally
Shares of debt-free tech firm Tanla Platforms surged nearly 13% on Thursday, June 12, following the company's announcement that its board will meet next week to consider a share buyback proposal. The move sparked investor optimism, lifting the stock to an intra-day high of Rs 702.05.At around 10:10 am, shares of the company were trading 9.96% higher at Rs 684.20 on the Bombay Stock Exchange (BSE).advertisementIn a regulatory filing, Tanla informed the stock exchanges that its board of directors would meet on Monday, June 16, 2025, to evaluate a potential buyback of equity shares. The proposal, if approved, would mark the company's third buyback in five years.
'A meeting of the board of directors of Tanla Platforms Limited 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,' the filing read.Tanla Platforms had previously conducted share buybacks in 2020 and 2022, both at a price of Rs 1,200 per share. The 2020 buyback was worth Rs 154 crore, while the 2022 repurchase was pegged at Rs 170 crore.Buybacks typically reduce the number of shares in circulation, often leading to higher earnings per share (EPS) and improved return on equity (RoE). They are also seen as a sign of management's confidence in the company's fundamentals and provide a tax-efficient way to return excess capital to shareholders.advertisementThe buyback news comes shortly after the company's Q4 earnings release. For the quarter ended March 2025, net profit fell 9.9% to Rs 117.3 crore, from Rs 130.2 crore in the same quarter last year. However, revenue rose 1.9% to Rs 1,024.4 crore, and EBITDA also grew 1.9% to Rs 163.4 crore. The EBITDA margin stayed flat at 16%.Tanla's board had also declared a second interim dividend of Rs 6 per share for FY25, with a record date of April 30, 2025.Despite Thursday's sharp rally, Tanla Platforms' stock remains well below its 52-week high of Rs 1,086.05 hit in July 2024.Over the past year, the stock has declined more than 28%. However, it has shown signs of recovery since March 2025, gaining over 38% in a month.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
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