Latent View Analytics (LATENTVIEW) Q4 20/21 earnings summary

Executive summary

• FY21 consolidated net profit rose to ₹914.63m from ₹728.45m, despite revenue easing to ₹3,058.79m from ₹3,103.57m; standalone revenue grew 17% to ₹1,641.77m.

• The business reported one operating segment focused on analytics solutions; the US remained the largest market, contributing ₹2,841.12m of consolidated revenue.

Financial highlights

• Consolidated total income was ₹3,267.08m vs ₹3,296.72m; profit before tax increased to ₹1,159.22m from ₹901.92m.

• Consolidated net profit was ₹914.63m vs ₹728.45m; standalone profit for the year was ₹679.15m vs ₹510.71m.

• Consolidated employee benefits expense declined to ₹1,772.38m from ₹1,979.50m and other expenses to ₹240.70m from ₹319.82m.

• Standalone revenue from operations rose to ₹1,433.63m from ₹1,245.06m; standalone total income reached ₹1,641.77m from ₹1,408.72m.

Outlook and guidance

• Expansion was cited as the reason for not recommending a FY21 dividend; an initial public offer and listing were planned.

• The 20-for-1 bonus issue was approved after year-end, with 165,448,500 bonus shares allotted on the fixed record date of Aug. 5, 2021.

• The FY21 tax holiday under Section 10AA applied through March 31, 2021, a factor in future tax expense.