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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.”
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