Tanla Platforms Limited — Investor Meet, 24-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Tanla Platforms' Q2 FY26 call signals growth from Wisely.ai's full contribution via the Indosat deal, with a strong global pipeline. Gross margins improved thanks to platform business and enterprise customer mix. Management set an aspirational EBITDA target of ₹800 Cr for FY26, but anticipates a ₹50 Cr miss (minimum ₹750 Cr) due to gaming industry challenges and reduced WhatsApp incentives. While Q2 OTT was seasonally soft, volumes are growing. Tanla remains heavily invested in AI. Overall, management is optimistic about platform-led growth but acknowledges external headwinds.