Conference Call with Latent View Analytics Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
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.” Result PDF
Data Processing Services company Latent View Analytics announced Q4FY24 & FY24 results: Financial Highlights: LatentView Analytics has reported a YoY revenue growth of 21.7% for Q4FY24 and an 18.9% increase for the full year FY24. EBITDA and Margin: The company's EBITDA for Q4FY24 stood at Rs 404 million, reflecting an improved EBITDA margin of 23.5%, which is up by 130 basis points. Profitability Metrics: Profit before tax (PBT) and Profit after tax (PAT) for Q4FY24 were noted at Rs 530 million and Rs 452 million respectively, marking significant YoY growth. Earnings Per Share: Basic EPS for Q4FY24 experienced a slight decrease of 3.0% QoQ, but there was a 30.8% rise compared to the previous year. Commenting on the results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics, said, "FY24 was a year of building on the growth momentum and investing for sustaining growth in the future. Revenue for the full year grew by 18.9%, despite uncertain macroeconomic indicators persisting for the majority of the fiscal. We attribute this success to our deep relationships with existing clients in the technology, industrial, and CPG verticals, reflecting their trust in our solutions. In Q4FY24, revenue witnessed a growth of 3.6% on a sequential basis and 21.7% on a YoY basis. The recent acquisition of Decision Point Analytics marks a significant milestone, which will further bolster our capabilities in the CPG vertical and open a new geography in Latin America. As we move forward, we remain dedicated to fostering innovation and delivering value to our stakeholders.” Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said, “For Q4FY24, we reported an operating revenue of Rs 1,716.4 million and improved EBITDA margin to 23.5%, up 130bps during the quarter. This was in-line with our commitment to improve margins driven by operating leverage from revenue growth and exercising strong fiscal discipline. Our investment strategy remains steadfast, encompassing both organic and inorganic avenues for growth. The acquisition of Decision Point Analytics will be partially funded through IPO proceeds and balance from the existing cash reserves. As of March 31, 2024, our cash and investments (excluding IPO proceeds) stood strong at Rs 11,232 million.” Result PDF
Conference Call with Latent View Analytics Management and Analysts to discuss the acquisition of Decision Point Analytics. Listen to the full earnings transcript. Management in attendance: Rajan Sethuraman, and senior team