Latent View Analytics Q3 FY24 Results Live : profit falls by 11.34% YOY
Latent View Analytics Q3 FY24 Results Live : Revenue increased by 13.99% YoY & profit decreased by 11.34% YoY31-01-2024
31-01-2024
Latent View Analytics Ltd - 543398 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed herewith the copy of the newspaper advertisements published on January 30, 2024 in Mint and Makkal Kural.30-01-2024
Latent View Analytics Ltd - 543398 - Audio Recording Of Earnings Call For The Quarter And Nine Months Ended December 31, 2023
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 the audio recording of the Earnings Call on the Financial Results for quarter and nine months ended December 31, 2023 is uploaded on the company''s website.29-01-2024
LatentView reports 11% decline in net profit in Q3 FY24
LatentView Analytics' net profit declined to 45 crore in Q3 FY24 against 52 crore in Q3 FY2329-01-2024
Latent View Analytics Ltd - 543398 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed Earnings Presentation on the financial results of the company for quarter and nine months ended December 31, 2023.29-01-2024
Q3FY24 Quarterly Result Announced for Latent View Analytics Ltd.
Data Processing Services company LatentView Analytics announced Q3FY24 results: Financial Highlights: - Operating Revenue: Reported at Rs 1,657 million, with the quarter witnessing a 6.4% sequential growth and a 14.0% YoY increase. - EBITDA: Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to Rs 368 million, marking a 19.4% growth from the previous quarter. However, compared to the same quarter in the previous year, it decreased by 14.1%. - EBITDA Margin: Improved to 22.2%, up from 19.8% in the previous quarter (a 242 basis points increase) but down from 29.8% year-over-year (a 726 basis points decrease). - PBT (Profit Before Tax): Profit before tax stood at Rs 566 million, with a growth of 26.7% over the previous quarter and a decline of 8.7% YoY. - PAT (Profit After Tax): PAT was reported at Rs 465 million, reflecting an increase of 36.7% over the previous quarter, but a YoY decrease of 11.3%. - Basic Earnings Per Share (EPS): EPS for the quarter was Rs 2.27, showing a 36.4% increase from the previous quarter. However, when compared annually, there is a decrease of 12.9%. Business Performance Highlights: - Client Growth: Revenue growth was primarily driven by higher revenue from existing clients. - Investments: Cash and investments stood at Rs 10,520 million as of December 31, 2023. - Client Wins: Highlights include working with a large global food and beverage manufacturer using AI and ML to predict new product success rates. Other Highlights: - LatentView's partnership in Unilever's DataLab Ecosystem was cited, aiming to boost Unilever's in silico strategy. - The company received certification as a Great Place to Work for 2023-24 in India. - LatentView provided transformative analytics for various industry clients, including a major biscuit manufacturer and one of the world's largest asset administrators. - Hosted a flagship roundtable in California focused on leveraging AI for innovation and growth. - Appointment of two industry leaders, Angshuman Rajkhowa and Finn Raben, to its Advisory Council. Rajan Sethuraman, CEO of LatentView Analytics, said: "We are glad to report another quarter of healthy growth and are particularly proud to cross the significant milestone of this being the first-ever quarter to achieve $20M+ in revenue. We are thankful for the ongoing trust and support from our clients, which has led to our sustained growth. In Q3FY24, our revenue witnessed a sequential growth of 6.4% and 14.0% on a YoY basis, primarily driven by higher revenue from existing clients. We continue to see robust momentum for our value-led offerings across geographies. We remain committed to proactively delivering strategic business outcomes through our value-proposition-led and domain-focused approach." Rajan Venkatesan, Chief Financial Officer, said: "For Q3FY24, we reported an operating revenue of Rs 1,657 million and, despite the challenging macro-economic environment, were able to improve EBITDA margin to 22.2%, up 242 bps during the quarter. Margin expansion was driven by operational efficiency and operating leverage kicking in. On the strength of the core business and the continued momentum expected in the coming quarters, we will continue to invest for growth. Cash and Investments (excluding proceeds from the IPO) as of December 31, 2023, stood at Rs 10,520 million." Result PDF29-01-2024
Latent View Analytics Ltd - 543398 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed a copy of the press release on the financial results for the quarter and nine months ended December 31, 2023.29-01-2024
Latent View Analytics Ltd - 543398 - Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2023
The Board of Directors at its meeting held on January 29, 2024 has inter alia approved the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 202329-01-2024
Latent View Analytics Ltd - 543398 - Board Meeting Outcome for Outcome Of The Board Meeting Held On January 29, 2024
In continuation to our intimation dated December 20, 2023, and pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we wish to inform you that based on the recommendation of Audit Committee, the Board of Directors at its meeting held on January 29, 2024, has inter alia approved the following: 1. Unaudited Financial Results of the Company for the quarter and nine months ended Dec 2023 (Both Standalone and Consolidated) 2. The appointment of M/s Price Waterhouse Chartered Accountants LLP, (FRN: 012754N /N500016) as Statutory Auditors subject to the approval of the shareholders in the ensuing AGM. 3. Reconstitution of the Audit Committee to include Ms. Dipali Sheth as a member of the Committee. The Board meeting commenced at 08:00 am and concluded at 02.10 pm.29-01-2024