LatentView reports 7% decline in PAT on 37% increase in revenue in Q3FY25

The Chennai-based LatentView Analytics Limited, a data analytics company, reported a 7 per cent decline in net profit to ₹43 crore for the third quarter ended December 31, 2024 against ₹46 crore for the corresponding period last year. Revenue increased by 37 per cent to ₹228 crore (₹166 crore).

$3.2 million deal

The company got a $3.2 million deal with a multinational technology company to partner with their analytics and decision support team. The project involves delivering a unified and scalable business intelligence, and data engineering solution to streamline operations and improve decision-making, said a release.

Driving forces

Rajan Sethuraman, CEO, LatentView Analytics, said the performance was driven by momentum in consulting, GenAI projects and new client wins. This quarter marked several significant milestones, including a $3.2 million engagement win, the highest value single contract with the company’s largest client, he said.

On the NSE, the company’s share priced closed at ₹446, down by ₹15.05 or 3.26 per cent.