Latent View Analytics’ shares went up over 3% after the positive Q4 results.
Latent View Analytics announced its financial results for the fourth quarter ended March 2024 on Tuesday, May 7. The data analytics and digital solutions provider saw an increase in consolidated net profit, which rose by 32.2% to ₹45.2 crore compared to ₹34.2 crore last year.
The company’s consolidated revenue rose by 21.7%, totaling ₹171.6 crore from ₹141 crore last year. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also increased by 34.3% to ₹40.3 crore from ₹30 crore last year.
This improvement in EBITDA resulted in a higher consolidated margin of 23.5% compared to 21.3% last year. For the full fiscal year ended March 2024, Latent View reported a net profit of ₹158.64 crore, up 2.07% from ₹155.43 crore last year.
The company’s consolidated sales for the year stood at ₹640.68 crore, marking an 18.92% growth from ₹538.76 crore last year.
As of 10:45 am, the shares were trading 3.02% higher at ₹487.50 on NSE.