Conference Call with Latent View Analytics Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Data Processing Services company Latent View Analytics announced Q1FY24 results: Operating Revenue of Rs 1,477 million, up 4.7% QoQ and 23.1% YoY EBITDA of Rs 281 crore down 6.8% QoQ and 19.3% YoY EBITDA % of 19.0% down 235 bps QoQ and 998 bps YoY PBT of Rs 428 million, up 1.2% QoQ and 2.3% YoY PAT of Rs 329 million, down 3.9% QoQ and up 4.4% YoY PAT % of 19.8% down 207 bps and 442 bps YoY Basic EPS of Rs 1.60, down 4.50% QoQ and up 3.1% YoY Commenting on the Q1FY24 results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics, said, “We are pleased to report another quarter of consistent growth fuelled by our continued focus on customer service excellence, execution, and investments in building capabilities. Revenue grew 23.1% on a YoY basis and 4.7% on QoQ in Q1FY24. The growth was broad-based, led by Technology, Financial Services, and CPG. In the current uncertain macroeconomic environment, the need for data-driven decision-making has become more crucial. Enterprises are grappling with challenges ranging from disruptive technologies to changing consumer behavior. This is where LatentView plays a vital role. We continue to see strong demand for our services across Consulting and Data Engineering. As we move forward, we remain committed to delivering profitable growth thus maximizing the value for our shareholders.” Rajan Venkatesan, Chief Financial Officer, LatentView Analytics, said, “Despite macroeconomic volatility, we were able to maintain our growth momentum and reported revenue growth of 4.7% on a QoQ basis and 23.1% on a YoY basis in Q1FY24. EBITDA margin was at 19.0%, a decline of 235 bps QoQ primarily due to seasonally higher visa costs, wage hikes, and increased GTM spending in line with our commitment to building a growth engine for the future. We will continue to remain focused on strong execution and stay prudent in the allocation of capital. Our Cash and Investments (excluding proceeds from the IPO) as of June 30, 2023, stood at Rs 8,531 million.” Result PDF
Conference Call with Latent View Analytics Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
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 PDF
Conference Call with Latent View Analytics Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Latent View Analytics Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.