Latent View Analytics Reports Strong Financial Performance in Q1 2024
Latent View Analytics, a midcap IT software company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, Latent View has shown a positive performance in the quarter, with a score improvement from 1 to 7 in the last three months. This is a significant improvement for the company.
One of the key factors contributing to this positive performance is the company's net sales, which have been consistently growing in the last five quarters and reached a high of Rs 171.64 crore in the March 2024 quarter. This trend is expected to continue in the near term, indicating a strong sales outlook for the company.
Another positive aspect is the company's operating profit (PBDIT), which has also reached its highest at Rs 40.39 crore in the last five quarters. This shows an improvement in the company's efficiency and a positive trend in the near term.
The operating profit margin has also seen a significant increase, reaching its highest at 23.53% in the last five quarters. This further supports the company's improved efficiency and positive outlook.
In terms of profit before tax (PBT), Latent View has shown a growth of 31.4% over the average PBT of the previous four quarters, reaching a high of Rs 37.22 crore in the March 2024 quarter. This is a positive trend for the company and indicates a strong financial performance.
Similarly, the company's profit after tax (PAT) has also shown a growth of 22.6% over the average PAT of the previous four quarters, reaching Rs 45.24 crore in the March 2024 quarter. This further reinforces the positive outlook for Latent View in the near term.
Overall, Latent View Analytics has shown a strong financial performance in the March 2024 quarter, with positive trends in key areas such as net sales, operating profit, and profit before and after tax. This is a promising sign for the company and its investors.
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