Tanla Q2 net down 70%

Tanla Solutions Ltd, a city-based provider of telecom value-added services, reported a 69.99 per cent drop in net profit to Rs 3.25 crore, compared to Rs 10.83 crore in the corresponding period of last year. The company's total revenues fell 13.5 percent to Rs 78.34 crore in the reporting quarter from Rs 90.67 crore. Overseas sales accounted for 97 per cent of the total revenues. Its total expenditure was Rs 75.96 crore (Rs 77 crore).