LATENTVIEW ANALYTICS REPORTED A CONSOLIDATED REVENUE OF ₹232 CRORE

News: LatentView Analytics reported a consolidated revenue of ₹232 crore, up 2% QoQ & 35% YoY. Revenue from organic business stood at ₹213 crore, up 4.4% QoQ & 24% YoY while Decision Point’s revenue declined by 19% sequentially to ₹19.2 crore. Vertical wise on a QoQ basis, BFSI (10% of the mix), Tech (68% of the mix), Industrial (7% of the mix) grew by 13%, 7% and 2% respectively and CPG & Retail (15% of the mix) declined by 20%. Geography wise on a QoQ basis, all the three geographies, USA (90% of the mix), Europe (1% of the mix) and RoW (9% of the mix) grew by 2% each. EBITDA margin for the quarter came at 23.7%, up ~160 bps QoQ. PAT for the quarter stood at ₹51 crore, up 20% QoQ. For FY25, the revenue stood at ₹848 crore, up 32.3% YoY (organic revenue grew by 22% YoY). EBITDA margin for the year stood at 22.3%, up ~110 bps YoY. PAT for FY25 stood at ₹173.5 crore, up 9.3% YoY. The headcount for the quarter stood at 1,650 employees, an addition of 28 employees and attrition came at 22%, flat QoQ.

View: LatentView delivered a resilient performance in Q4FY25, typically a seasonally soft quarter, with growth across all segments except CPG & Retail, which was impacted by tariff-related macro uncertainties across both its own and Decision Point accounts; however, management expects a strong Q1FY26 for Decision Point. The Industrial vertical, particularly the auto segment, also faced macroeconomic headwinds. Latentview continues to witness strong traction in GenAI, with 8–10% of current deals tied to this domain—expected to increase to 16% by FY26. For the year ahead, management remains confident of delivering 18–19% revenue growth (with a 25% aspirational target), backed by a strong pipeline of confirmed deals and high-probability extensions, while maintaining EBITDA margin guidance at 23%. The management reiterated its target of achieveing $200 million in revenue by FY28, implying a CAGR of ~25%. A key monitorable remains the company’s dependence on its top two technology clients, which contribute 50% of its topline, underscoring the need for greater client diversification. We maintain a constructive view on the company

Impact: Positive