LatentView studies 32 per cent enhance in This autumn PAT

LatentView Analytics, the Chennai-based knowledge analytics, consulting and options agency, reported a 32 per cent enhance in internet revenue to ₹45 crore for the fourth quarter ended March 31, 2024, as towards ₹34 crore within the corresponding quarter final yr. Income was up 20 per cent to ₹172 crore (₹141 crore).

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For fiscal ending March 31, 2024, the corporate reported a 2 per cent enhance in internet revenue to ₹158 crore (₹155 crore) on 19 per cent progress in income to ₹640 crore (₹538 crore).

Rajan Sethuraman, Chief Government Officer, LatentView Analytics, mentioned, “FY24 was a yr of constructing on the expansion momentum and investing for sustaining progress sooner or later. Income for the total yr grew regardless of unsure macroeconomic indicators persisting for almost all of the fiscal.”

Rajan Venkatesan, Chief Monetary Officer, LatentView Analytics, mentioned the corporate’s funding technique stays steadfast, encompassing each natural and inorganic avenues for progress. The current acquisition of Choice Level Analytics shall be partially funded via IPO proceeds and steadiness from the prevailing money reserves.

As of March, 31, 2024, the money and investments (excluding IPO proceeds) stood at ₹1,123 crore, says a launch.

The corporate’s share value on the BSE closed at ₹473.55, down 1.69 per cent.