Uday Reddy, Chairman and CEO of Tanla Platforms sees the third quarter as a period of significant growth for Tanla backed by domestic price increases.

Domestic price hikes taken during the second quarter led to gains of ₹35 crore for the company. Reddy said the impact of the hikes to be more pronounced in the upcoming quarter, with a full three months of the price increase factored in.

Tanla reported strong revenue growth in the second quarter, up 18.5% at ₹1,008.60 crore. This was the first time the company's quarterly revenue crossed the ₹1,000-crore mark. This growth in revenue was attributed to a 7% increase in organic revenue and a 27% uptick in the digital platforms segment.

Profit jumped 29.1% year-on-year to ₹142.50 crore for the July-September quarter.

Following Tanla Platforms' second-quarter earnings report, the company's shares experienced a robust 5% surge in trade.

Tanla Platforms expanded its reach through the acquisition of ValueFirst India for ₹346 crore. ValueFirst is recognized as India's third-largest CPaaS (Communication Platform as a Service) provider. Tanla also announced the acquisition of ValueFirst's West Asia business.

ValueFirst India, Reddy said, made a substantial contribution to Tanla's revenue growth, generating an additional ₹100 crore at the consolidated level. Its margin was higher than mid-teen in the first quarter of consolidation.

Shares of the company are up by more than 5% at ₹1,076.90. The stock has gained more than 4% in the past month.

(Edited by : Shweta Mungre)