LATENTVIEW · Information Technology
Latent View Analytics Ltd. reported revenue of ₹232 cr for January to March 2025, +34.9% on the year and +1.8% on the quarter. It is the highest quarterly revenue in the last 8 quarters on record. Over the last four quarters revenue comes to ₹848 cr, +32.1% on the four before.
Operating profit (EBITDA) was ₹55.0 cr, a margin of 23.7%, +45 bps on the year and +178 bps on the quarter. It is the widest margin of the last 8 quarters (range 18.9% to 23.7%). Operating costs grew +34.1% against revenue growth of +34.9%, so more of each rupee of sales reached operating profit.
Net profit was ₹51.0 cr, +13.3% on the year and +18.6% on the quarter, with earnings per share of ₹2.59. Profit before other income, one-offs and tax grew 10.8%, so the profit growth came from the business itself. The tax rate was 18% against an average of 23% over the previous 7 quarters, which lifted profit this quarter. Profit over the last four quarters totals ₹174 cr, +9.4% on the four before.
On earnings per share of ₹8.45 over the last four quarters, the stock at ₹243.39 trades at 28.8 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹156 cr | ₹166 cr | ₹172 cr | ₹179 cr | ₹209 cr | ₹228 cr | ₹232 cr | ₹236 cr | ₹258 cr | ₹278 cr | ₹289 cr | ₹287 cr |
| YoY | — | — | — | +21% | +34% | +37% | +35% | +32% | +23% | +22% | +25% | +22% |
| EBITDA margin | 19.9% | 22.3% | 23.3% | 21.2% | 21.5% | 21.9% | 23.7% | 21.2% | 21.7% | 22.3% | 23.5% | 19.9% |
| Other income, % of PBT | 38% | 40% | 30% | 33% | 40% | 27% | 34% | 37% | 31% | 27% | 23% | 32% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 18% | 15% | 25% | 30% | 24% | 18% | 18% | 26% | 24% | 22% | 28% |
| Net profit | ₹34.0 cr | ₹47.0 cr | ₹45.0 cr | ₹39.0 cr | ₹41.0 cr | ₹43.0 cr | ₹51.0 cr | ₹51.0 cr | ₹46.0 cr | ₹51.0 cr | ₹55.0 cr | ₹47.0 cr |
| YoY | — | — | — | +18% | +21% | −9% | +13% | +31% | +12% | +19% | +8% | −8% |
| Core profit YoY | — | — | — | +40% | +25% | +21% | +11% | +11% | +23% | +20% | +34% | +13% |
| EPS | ₹1.66 | ₹2.26 | ₹2.20 | ₹1.89 | ₹1.94 | ₹2.03 | ₹2.59 | ₹2.46 | ₹2.15 | ₹2.42 | ₹2.55 | ₹2.33 |
| Flags | 1 | 1 | 1 | ✓ | ✓ | ✓ | ✓ | 1 | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Latent View Analytics Ltd. reported revenue of ₹232 cr (+34.9% on the year) and net profit of ₹51.0 cr (+13.3% on the year) for January to March 2025.
Profit before other income, exceptional items and tax moved +10.8% on the year, against +13.3% for reported profit.
None of the 7 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.