Tanla Platforms tanks 20%, hits 52-week low on weak Q1 earnings

The ebitda margin was impacted by operational headwinds such as market disruption, modernization of the company's legacy systems, and foreign currency impact of Euro depreciation

Shares of Tanla Platforms hit a 52-week low of Rs 731 as they tanked 20 per cent on the BSE in Tuesday's intra-day trade. Investors dumped the shares after the company reported a weak operational performance for the quarter ended June 2022 (Q1FY23). The stock of the software products company has fallen below its previous low of Rs 790, touched on September 21, 2021.

In the past three months, the market price of Tanla Platforms has halved, falling 50 per cent, as against a 3.3 per cent fall in the S&P BSE Sensex. It had hit a record high