Latent View Analytics Q1 Results: Profit Beats Estimates Despite Decline

Latent View Analytics Ltd. saw a slide in the net profit sequentially in the June quarter.

Net profit of the data analytics consultancy fell 5% from the previous three months to Rs 50.8 crore in the quarter ended June, according to an exchange filing on Monday. Revenue grew 1.6% sequentially to Rs 236 crore.

• Revenue up 1.6% at Rs 236 crore versus Rs 232 crore

• Ebit down 11% at Rs 40.8 crore versus Rs 45.9 crore

• Margin at 17.3% versus 19.8%.

• Net profit down 5% at Rs 50.8 crore versus Rs 53.5 crore

Operational profitability—measured as earnings before interest and tax—fell 11% to Rs 40.8 crore. EBIT margin came in at 17.3% as compared with 19.8%.

"We are pleased to report our tenth consecutive quarter of revenue growth, with 1.6% sequential growth and 31.9% YoY," Rajan Sethuraman, chief executive officer at Latent View, said in a statement. "While growth was broad-based across verticals, we are enthused by the strong momentum in our Financial Services practice that grew 21.3% sequentially and 48.4% YoY."

He added that the company is witnessing increased traction in their GenAI practice and anticipates that it will double, contributing 12-14% of the overall revenue by the end of the fiscal.

The reported margin for the quarter factors in the full impact of wage hikes across the group, said Rajan Venkatesan, the chief financial officer of the company.

"For the rest of FY26, our focus will remain on driving execution excellence and allocating capital towards our defined strategic priorities to support long-term, sustainable growth," he added.

Shares of Latent View ended 0.44% higher on the NSE, as compared to a 0.49% gain in the benchmark NSE Nifty 50.