Latent View Analytics surged 3.07% to Rs 527.20 after the company's consolidated net profit surged 122.4% to Rs 49.93 crore on a 37.7% increase in net sales to Rs 107.75 crore in Q3 FY22 over Q3 FY21.
On a sequential basis, net profit jumped 130% on a 13.7% rise in revenue from operations in Q3 FY22 over Q2 FY22. Profit before tax jumped 105% on a sequential basis and 100.6% on a year on year basis to Rs 57.4 crore in Q3 FY22.Consolidated EBITDA grew 19.1% year on year to Rs 32.2 crore in Q3 FY22. Meanwhile, EBITDA margins fell to 29.9% in Q3 FY22 from 34.6% in Q3 FY21.
Commenting on Q3FY22 results, Rajan Sethuraman, CEO of LatentView Analytics said, We are overwhelmed by the response we received for our IPO and we extend a warm welcome to all our new shareholders who made our IPO listing successful. We are happy to report a 38% increase in revenue from operations in Q3 FY22 on a y-o-y basis and a strong 14% growth on a sequential basis. For the nine months ending December 2021, our revenue from operations grew by 28% compared to the same period in the last Fiscal Year. This was driven by growth across existing clients and new client additions. We added 15 new clients over the last nine months ending December 2021 and 6 new clients in Q3FY22.
Rajan Venkatesan, CFO of LatentView Analytics said, We are glad to report our first results post a successful IPO listing. Our EBITDA for Q3 FY22 grew by 22% on a sequential basis. Our strong EBITDA margins of 30% for the quarter ending December 31, 2021 was driven by robust revenue growth and operating leverage. Cash and Investments (excluding proceeds from the IPO) as on December 31, 2021 stood at Rs 4,502 Million.
LatentView Analytics is a global digital analytics firm that inspires and transforms businesses to excel in the digital world by harnessing the power of data and analytics
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU