Latent View Analytics Ltd. Results

Q2FY25 Quarterly Result Announced for Latent View Analytics Ltd.

Data Processing Services company Latent View Analytics announced Q2FY25 results Operating Revenue: Rs 2,090 million with 34.2% growth over Q2FY24. EBITDA: Rs 453 million with 47% growth over Q2FY24. EBITDA margin: 21.7% for Q2FY25. PBT: Rs 583 million with 30.4% growth over Q2FY24. PBT margin: 25.2% for Q2FY25. PAT: 399 million with 17.3% growth over Q2FY24. PAT margin: 17.2% for Q2FY25. EPS: 1.94 for Q2FY25. Rajan Sethuraman, Chief Executive Officer, LatentView Analytics, said: "We are pleased to announce the 7th sequential quarter of revenue growth, delivering Rs 2,090 Mn in revenue and 34.2% growth compared to Q2FY24. The acquisition of Decision Point Analytics has concluded and integration of the GTM and delivery teams is underway. LatentView is now an Elite C&SI; partner with Databricks and we will invest in growing this partnership by setting up a Databricks COE and building verticalized solutions. We are pleased about the momentum in our financial services practice that grew by 59% compared to Q2FY24, driven by robust demand from existing clients.” Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said: “For Q2FY25, we reported an operating revenue of Rs 2,090 million with an adjusted EBITDA margin (before considering transaction related costs) of 22.5%, up 110 bps compared to Q1FY25. Our headcount as on September 30, 2024 stood at 1,609 and cash and investments stood strong at Rs 10,201 million.”

Q1FY25 Quarterly Result Announced for Latent View Analytics Ltd.

Data Processing Services company Latent View Analytics announced Q1FY25 results: Operating Revenue: Rs 1,789 million, up 4.2% QoQ and 21.1% YoY EBITDA: Rs 383 million, down 5.3% QoQ and up 36.3% YoY EBITDA Margin: 21.4%, compared to 21.2% in the previous quarter PBT (Profit Before Tax): Rs 521 million, down 1.7% QoQ and up 21.8% YoY PBT Margin: 26.5%, compared to 27.6% in the previous quarter PAT (Profit After Tax): Rs 389 million, down 13.9% QoQ and up 18.5% YoY PAT Margin: 19.8%, compared to 22.2% in the previous quarter Basic EPS: Rs 1.89, down 14.1% QoQ and up 18.1% YoY Commenting on the results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics, said, "We have started the fiscal year on a positive note with a strong performance. For Q1FY25, our revenue grew by 21.1% on a YoY basis and 4.2% sequentially. Our continued growth momentum is a testament to the strong execution by our team. This quarter, we added several new marquee logos and continued to strengthen our existing relationships. The integration of our recent Decision Point acquisition has been successfully completed and this will bolster our footprint in the CPG vertical and in delivering business value to our clients through RGM and Gen AI expertise. Furthermore, we rolled out salary increments for the entire team effective, April 1, 2024 and honoured all our commitments to onboard campus hires, despite the challenging macro environment.” Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said, “For Q1FY25, we reported an operating revenue of Rs 1,789.4 million with an EBITDA margin of 21.4%, up 240 bps on YoY basis. The EBITDA margin was lower on a sequential basis owing to impact of salary increments and cyclical visa costs. With the acquisition of Decision Point completed on July 1, 2024, we have fully utilised the proceeds raised during our IPO well ahead of stated timelines. We remain committed to investing for organic and inorganic growth opportunities. As of June 30, 2024, our headcount stood at 1,261 and cash and investments (excluding IPO proceeds) remained strong at Rs 11,330 million.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Latent View Analytics Ltd.

Data Processing Services company Latent View Analytics announced Q4FY24 & FY24 results: Financial Highlights: LatentView Analytics has reported a YoY revenue growth of 21.7% for Q4FY24 and an 18.9% increase for the full year FY24. EBITDA and Margin: The company's EBITDA for Q4FY24 stood at Rs 404 million, reflecting an improved EBITDA margin of 23.5%, which is up by 130 basis points. Profitability Metrics: Profit before tax (PBT) and Profit after tax (PAT) for Q4FY24 were noted at Rs 530 million and Rs 452 million respectively, marking significant YoY growth. Earnings Per Share: Basic EPS for Q4FY24 experienced a slight decrease of 3.0% QoQ, but there was a 30.8% rise compared to the previous year. Commenting on the results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics, said, "FY24 was a year of building on the growth momentum and investing for sustaining growth in the future. Revenue for the full year grew by 18.9%, despite uncertain macroeconomic indicators persisting for the majority of the fiscal. We attribute this success to our deep relationships with existing clients in the technology, industrial, and CPG verticals, reflecting their trust in our solutions. In Q4FY24, revenue witnessed a growth of 3.6% on a sequential basis and 21.7% on a YoY basis. The recent acquisition of Decision Point Analytics marks a significant milestone, which will further bolster our capabilities in the CPG vertical and open a new geography in Latin America. As we move forward, we remain dedicated to fostering innovation and delivering value to our stakeholders.” Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said, “For Q4FY24, we reported an operating revenue of Rs 1,716.4 million and improved EBITDA margin to 23.5%, up 130bps during the quarter. This was in-line with our commitment to improve margins driven by operating leverage from revenue growth and exercising strong fiscal discipline. Our investment strategy remains steadfast, encompassing both organic and inorganic avenues for growth. The acquisition of Decision Point Analytics will be partially funded through IPO proceeds and balance from the existing cash reserves. As of March 31, 2024, our cash and investments (excluding IPO proceeds) stood strong at Rs 11,232 million.”

Q3FY24 Quarterly Result Announced for Latent View Analytics Ltd.

Data Processing Services company LatentView Analytics announced Q3FY24 results: Financial Highlights: - Operating Revenue: Reported at Rs 1,657 million, with the quarter witnessing a 6.4% sequential growth and a 14.0% YoY increase. - EBITDA: Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to Rs 368 million, marking a 19.4% growth from the previous quarter. However, compared to the same quarter in the previous year, it decreased by 14.1%. - EBITDA Margin: Improved to 22.2%, up from 19.8% in the previous quarter (a 242 basis points increase) but down from 29.8% year-over-year (a 726 basis points decrease). - PBT (Profit Before Tax): Profit before tax stood at Rs 566 million, with a growth of 26.7% over the previous quarter and a decline of 8.7% YoY. - PAT (Profit After Tax): PAT was reported at Rs 465 million, reflecting an increase of 36.7% over the previous quarter, but a YoY decrease of 11.3%. - Basic Earnings Per Share (EPS): EPS for the quarter was Rs 2.27, showing a 36.4% increase from the previous quarter. However, when compared annually, there is a decrease of 12.9%. Business Performance Highlights: - Client Growth: Revenue growth was primarily driven by higher revenue from existing clients. - Investments: Cash and investments stood at Rs 10,520 million as of December 31, 2023. - Client Wins: Highlights include working with a large global food and beverage manufacturer using AI and ML to predict new product success rates. Other Highlights: - LatentView's partnership in Unilever's DataLab Ecosystem was cited, aiming to boost Unilever's in silico strategy. - The company received certification as a Great Place to Work for 2023-24 in India. - LatentView provided transformative analytics for various industry clients, including a major biscuit manufacturer and one of the world's largest asset administrators. - Hosted a flagship roundtable in California focused on leveraging AI for innovation and growth. - Appointment of two industry leaders, Angshuman Rajkhowa and Finn Raben, to its Advisory Council. Rajan Sethuraman, CEO of LatentView Analytics, said: "We are glad to report another quarter of healthy growth and are particularly proud to cross the significant milestone of this being the first-ever quarter to achieve $20M+ in revenue. We are thankful for the ongoing trust and support from our clients, which has led to our sustained growth. In Q3FY24, our revenue witnessed a sequential growth of 6.4% and 14.0% on a YoY basis, primarily driven by higher revenue from existing clients. We continue to see robust momentum for our value-led offerings across geographies. We remain committed to proactively delivering strategic business outcomes through our value-proposition-led and domain-focused approach." Rajan Venkatesan, Chief Financial Officer, said: "For Q3FY24, we reported an operating revenue of Rs 1,657 million and, despite the challenging macro-economic environment, were able to improve EBITDA margin to 22.2%, up 242 bps during the quarter. Margin expansion was driven by operational efficiency and operating leverage kicking in. On the strength of the core business and the continued momentum expected in the coming quarters, we will continue to invest for growth. Cash and Investments (excluding proceeds from the IPO) as of December 31, 2023, stood at Rs 10,520 million."