Data analytics company reports 32.2% rise in net profit

Latent View Analytics announced its financial results for the fourth quarter ended March 2024, on Tuesday, May 7. The data analytics and digital solutions provider witnessed an increase in consolidated net profit, which rose by 32.2% to reach ₹45.2 crore compared to ₹34.2 crore in the same period last year.

The company’s consolidated revenue saw a rise of 21.7%, totalling ₹171.6 crore from ₹141 crore in the corresponding quarter of the previous year.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) also increased 34.3% to ₹40.3 crore from ₹30 crore in the fourth quarter of the previous fiscal year. This improvement in EBITDA translated into a higher consolidated margin of 23.5%, compared to 21.3% in the same quarter last year.

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For the full fiscal year ended March 2024, Latent View reported a net profit of ₹158.64 crore, up 2.07% from ₹155.43 crore in the previous fiscal year. The company’s consolidated sales for the year stood at ₹640.68 crore, marking an 18.92% growth from ₹538.76 crore in the previous fiscal year.

The shares of the company settled 1.67% lower on Tuesday, May 7, down for the third straight session.

Latent View Analytics made history as the most subscribed IPO in India’s primary markets. The ₹600-crore IPO, launched in November 2021, saw a subscription rate of 326.49 times. The portion allocated for retail investors was subscribed by over 120 times.

Initially priced at ₹197 in its IPO, the stock skyrocketed to a peak of ₹754.90 on November 26. At present, the stock trades 37.3% below its peak value, still 140% above its IPO price.

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