Q4FY23 Quarterly & FY23 Annual Result Announced for Latent View Analytics Ltd.
Software and Services firm Latent View Analytics announced Q4FY23 & FY23 results: Q4FY23: Operating Revenue: Rs 1,411 million, up 20.1% YoY EBITDA: Rs 301 million, down (15.9%) YoY EBITDA%: 21.4% PBT: Rs 423 million, up 5.0% YoY PBT%: 27.1% PAT: Rs 342 million, down (3.9%) YoY PAT%: 21.9% Basic EPS: Rs 1.68, down (6.1%) YoY FY23: Operating Revenue: Rs 5,388 million, up 32.1% YoY EBITDA: Rs 1,451 million, up 19.0% YoY EBITDA%: 26.9% PBT: Rs 1,894 million, up 22.8% YoY PBT%: 31.9% PAT: Rs 1,554 million, up 19.9% YoY PAT%: 26.1% Basic EPS: Rs 7.71, up 8.8% YoY Commenting on the FY23 results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics, said, “We are pleased to report the highest ever full-year revenue and profit margins in the history of our company. Our revenue grew at 32% on a year-on-year basis for FY23. The growth was broad-based across Technology, Financial Services, and CPG. Enterprises are increasingly relying on data-driven insights to ensure accuracy and precision in their decision-making, maximizing efficiency and competency in today's highly competitive and uncertain macroeconomic environment. This is especially true in Supply chain, Data Engineering, and Consulting services, all of which are our areas of expertise. As we move forward, we remain committed to investing in growth opportunities and expanding our capabilities. This quarter, we welcomed a Chief Growth Officer to our team and augmented our GTM team with 12 additions. We ended the year with a headcount of 1,116.” Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said, “We were able to deliver strong growth in FY23, despite macroeconomic uncertainties. We will continue to invest and support growth initiatives and capability building that will differentiate us in the marketplace. We remain confident that our strong execution track record, prudent capital allocation, sharp value propositions based on gaps identified in the market and verticalized approach should deliver growth in the coming quarters. Our Cash and Investments (excluding proceeds from the IPO) as of March 31, 2023, stood at Rs 8,247 million”. Result PDF09-05-2023