Latent View Analytics has reported solid Q2 results for FY2024, with impressive revenue growth of 34.22% year-over-year (YoY) and a 17.23% increase in profit compared to the same quarter last year. These figures underscore the company’s strong performance and its ability to drive growth even amidst industry challenges. The results were revealed on November 8, 2024, showcasing the company’s commitment to delivering value to its shareholders and continuing its upward trajectory.
Strong revenue growth and profit performance
Latent View Analytics’ Q2 results demonstrate a significant topline increase of 34.22% YoY, marking a strong period of growth. The company’s profit also showed a respectable rise of 17.23% compared to Q2 FY2023, highlighting its ability to scale operations and increase earnings effectively. This consistent revenue and profit growth reflects the company’s successful business strategies and operational resilience in a competitive analytics landscape.
Quarterly comparison: Consistent growth amidst rising costs
When compared to the previous quarter, Latent View Analytics saw a revenue growth of 16.81%, coupled with a profit increase of 1.6%. This indicates that the company continues to maintain positive momentum, showcasing its ability to sustain growth despite challenges. However, there has been a noticeable uptick in Selling, General & Administrative (SG&A) expenses, which rose by 17.86% quarter-over-quarter and 33.34% YoY. This surge in expenses is an area of concern and may require closer scrutiny as the company balances its growth strategy with cost management.
Operating income and earnings per share (EPS)
Despite the increase in SG&A expenses, the company demonstrated positive operational performance, with operating income rising by 3.4% QoQ and 28.41% YoY. This suggests that Latent View Analytics is managing its operations effectively while continuing to drive profitability. Additionally, earnings per share (EPS) for Q2 stood at ₹1.92, reflecting a 17.07% increase YoY. This increase in EPS highlights the company’s strong profitability on a per-share basis, which is a positive indicator for investors.
Stock performance and market capitalisation
Latent View Analytics’ stock has shown steady performance, delivering a 1.99% return over the past week, a modest 0.13% return over the past six months, and a 2.7% return year-to-date. The company currently holds a market capitalization of ₹9627.31 crore, with a 52-week high of ₹575 and a low of ₹407.4, reflecting its solid position in the market.
As of November 9, 2024, analysts covering Latent View Analytics have a consensus recommendation to hold the stock, reflecting a cautious outlook amidst mixed signals from the recent financial results. This cautious stance highlights the company’s positive growth, balanced against concerns about rising expenses and the need for sustainable cost management as it continues to expand its operations.
