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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.”
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