LatentView Analytics Reports Strong Q3FY24 Results, Achieves Milestone $20M+ in Revenue

Jan 31, 2024: LatentView Analytics Limited (BSE: 543398, NSE: LATENTVIEW), a global data analytics, consulting, and solutions firm, announced robust financial results for Q3FY24, marking a significant milestone by surpassing $20M+ in revenue for the first time in a quarter. The company reported a QoQ revenue growth of 6.4% and a YoY growth of 14.0%, driven by increased revenue from existing clients.

Rajan Sethuraman, CEO of LatentView Analytics, expressed satisfaction with the healthy growth and acknowledged the trust and support from clients for contributing to sustained success. The company’s value-led offerings across geographies continue to gain momentum, with a commitment to delivering strategic business outcomes.

Rajan Venkatesan, CFO of LatentView Analytics, highlighted the achievement of an operating revenue of ₹1,657 million for Q3FY24 and an improved EBITDA margin of 22.2%, up 242 bps. Despite a challenging macro-economic environment, the margin expansion was attributed to operational efficiency and operating leverage. LatentView Analytics intends to invest for future growth based on the strength of its core business.

Key Financial Highlights:

• Operating Revenue: ₹1,657 million, up 6.4% QoQ and 14% YoY
• EBITDA Margin: 22.2%, a 242 bps increase during the quarter
• Profit Before Tax (PBT): ₹566 million, up 26.7% QoQ
• Profit After Tax (PAT): ₹465 million, showing a 36.7% QoQ increase
• Basic EPS (₹): 2.27, up 36.4% QoQ

Business Highlights:

• LatentView Analytics reported select client wins, including collaborations with a global food and beverage manufacturer, one of the world’s largest asset administrators, a major biscuit manufacturer, and a leading chemical firm, among others.
• The company played a vital role in Unilever’s DataLab Ecosystem, contributing to collaborative innovation for Unilever’s in silico strategy.
• LatentView Analytics received certification as a Great Place to Work and was recognized among India’s Best Workplaces in 2023-24.
• The company organized a flagship roundtable in October 2023, themed “Game. Set. Breakthrough: Ace Innovation and Growth with AI,” bringing together thought leaders to explore opportunities for AI applications across enterprises.

LatentView Analytics aims to continue its growth trajectory and strategic investments while solidifying its position as a global player in data analytics and solutions.

Note: All financial figures are in ₹ Million.