Here's What Analysts Are Forecasting For Tanla Platforms Limited (NSE:TANLA) After Its Full-Year Results

It's been a good week for Tanla Platforms Limited (NSE:TANLA) shareholders, because the company has just released its latest yearly results, and the shares gained 8.2% to ₹676. Results were roughly in line with estimates, with revenues of ₹34b and statutory earnings per share of ₹33.04. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for Tanla Platforms

After the latest results, the twin analysts covering Tanla Platforms are now predicting revenues of ₹40.0b in 2024. If met, this would reflect a notable 19% improvement in sales compared to the last 12 months. Per-share earnings are expected to soar 24% to ₹40.90. In the lead-up to this report, the analysts had been modelling revenues of ₹40.0b and earnings per share (EPS) of ₹40.90 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹738.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Tanla Platforms' revenue growth is expected to slow, with the forecast 19% annualised growth rate until the end of 2024 being well below the historical 29% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 14% per year. So it's pretty clear that, while Tanla Platforms' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2025, which can be seen for free on our platform here.

And what about risks? Every company has them, and we've spotted 2 warning signs for Tanla Platforms (of which 1 doesn't sit too well with us!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.