LatentView Analytics reports Q1 net profit of Rs 38.92 cr, revenue up 21%

Digital analytics consulting and solutions provider LatentView Analytics has recorded a net profit of Rs 38.92 crore, for the April-June 2024 quarter, the company said on Friday.

The city-based company had registered a net profit of Rs 32.85 crore during the corresponding quarter last year.

For the year ending March 31, 2024 the net profit of the company stood at Rs 158.64 crore.

Total income during the quarter under review grew to Rs 196.31 crore from Rs 165.56 crore registered in the same period a year ago. The total income for the year ending March 31, 2024 is Rs 714.38 crore.

Commenting on the financial performance, company Chief Executive Officer Rajan Sethuraman said, "We have started the fiscal year on a positive note with a strong performance. For Q1FY25, our revenue grew by 21.1 per cent on a year-on-year basis and 4.2 per cent sequentially. Our continued growth momentum is a testament to the strong execution by our team."

LatentView Analytics Chief Financial Officer Raja