Latent View Analytics logs profit of Rs50cr in Q3FY22, revenue spikes to Rs107.75cr; Stock jumps 2.5%

9 Feb 2022 , 11:51 AM

Latent View Analytics Limited, a leading pure-play data analytics company and a trusted partner to the world’s most recognized brands, has announced its financial results for the Third Quarter & Nine Months of FY22 ended on December 31, 2021.

Commenting on Q3FY22 results, Rajan Sethuraman, Chief Executive Officer, LatentView Analytics said, “We are overwhelmed by the response we received for our IPO and we extend a warm welcome to all our new shareholders who made our IPO listing successful. We are happy to report a 38% increase in revenue from operations in Q3 FY22 on a y-o-y basis and a strong 14% growth on a sequential basis.

For the nine months ending December 2021, our revenue from operations grew by 28% compared to the same period in the last Fiscal Year. This was driven by growth across existing clients and new client additions. We added 15 new clients over the last nine months ending December 2021 and 6 new clients in Q3FY22. Q3FY22. Revenue at Rs1,078 Million up 38% y-o-y; EBITDA Margin at 30%”

Rajan Venkatesan, Chief Financial Officer, LatentView Analytics said,“We are glad to report our first results post a successful IPO listing. Our EBITDA for Q3 FY22 grew by 22% on a sequential basis. Our strong EBITDA margins of 30% for the quarter ending December 31, 2021 was driven by robust revenue growth and operating leverage. Cash and Investments (excluding proceeds from the IPO) as on December 31, 2021 stood at Rs4,502 Million.”

At around 11:49 AM, Latent View Analytics was trading at Rs524.85 apiece up by Rs13.35 or 2.61% on Sensex.