Latent View Analytics: Profit Down, Revenue Up in Q4

Latent View Analytics has announced its financial results for the fourth quarter, revealing a 1% decrease in net profit, which settled at ₹52.8 crore compared to ₹53.5 crore in the same period last year. Despite this marginal dip in profit, the company experienced robust revenue growth. Revenue for the quarter surged by 24% year-on-year, reaching ₹288.6 crore from ₹232.2 crore.

Further financial highlights for the quarter included a 23% rise in EBITDA to ₹67.5 crore, with a corresponding EBITDA margin of 23.4%. The company's board also focused on governance, approving the reappointment of several key directorial positions. Dr. R Raghuttama Rao and Reed Cundiff are set for a second term as Independent Directors, while A V Venkatraman and Pramadwathi Jandhyala will continue as Whole Time Directors, all subject to shareholder approval for another five consecutive years.