Buy on Tanla Solutions with a target price of Rs 360 .Tanla Solutions? Q1FY09 numbers were above our estimates, especially topline, which grew at 16.2% sequentially to Rs 1,669 million. EBITDA for the quarter grew 15.7% sequentially to Rs 804 million, with margins sliding slightly (20bps) to 48.2%. Net profit grew by 12.8% QoQ to Rs 564 million."