Latentview Analytics’ net profit falls 8.3%

CHENNAI: Data analytics company Latentview Analytics’ net profit declined 8.3% to Rs 42.6 crore in December 2024 quarter from Rs 46.5 crore in the same period previous year. Net profit grew 4.7% over last quarter.

The company’s total operating revenue grew 37.5% on a yearly basis and stood at Rs 227 crore for the quarter. EBITDA stood at 50.3 crore with 36.7% growth. Basic earnings per share declined 10.5% YoY to Rs 2.03.

Rajan Sethuraman, chief executive officer of LatentView, told TOI the decline in net profit was due to a loan to its UK subsidiary and non-operating forex losses.

Before factoring in acquisition-related costs and non-operating forex losses, adjusted EBITDA margin stood at 26.1%, he said. “We had a good quarter and 8th consecutive quarter of revenue growth. The company won a $3.2 million deal, our highest value single contract,” he said.

Sethuraman said the company got 10 generative artificial intelligence (GenAI) deals till the third quarter, mostly exploratory in nature and believes a significant number will turn to bigger projects. On the US visa tightening, he said they were assessing the situation and plan to step up hiring in local campuses.



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