Chennai-headquartered data analytics firm Latent View Analytics has announced impressive financial results for the third quarter, showcasing significant year-on-year growth across key metrics. The company reported a substantial 22% increase in revenue, which climbed to ₹278 crore during the quarter. This robust performance was primarily fueled by strong expansion in its core business practices, particularly within the financial services and technology sectors.
Segment-Wise Growth and Financial Highlights
The financial services practice emerged as a major growth driver, expanding by an impressive 21% compared to the same period last year. Meanwhile, the technology practice also contributed positively with a 6% growth rate. On the profitability front, Latent View Analytics recorded an 18.6% rise in profit after tax, which reached ₹50 crore for the quarter.
One-Time Expense Impact and Operational Insights
The company disclosed that employee costs during the quarter included a one-time expense related to the implementation of the new labour code. This specific item had a total impact of ₹4.6 crore at the group level. Despite this additional expenditure, the firm maintained strong financial discipline and operational efficiency throughout the reporting period.
Management Commentary and Future Outlook
Rajan Sethuraman, Chief Executive Officer of Latent View Analytics, commented on the quarterly performance, stating, "The quarter remained seasonally strong, in line with historical trends, reflecting consistent execution across the organisation." He further elaborated on the company's strategic direction, adding, "As we enter FY27, we continue to see strong and sustained momentum in financial services. Looking ahead, we remain focused on scaling AI and agentic AI frameworks across the organisation and strengthening our position as an AI consultant."
Strategic Focus on AI Expansion
The management's emphasis on artificial intelligence initiatives underscores Latent View's commitment to technological innovation and market leadership. The company plans to aggressively scale its AI and agentic AI frameworks across all organizational functions, positioning itself as a premier AI consulting partner for clients across various industries.
This quarterly performance demonstrates Latent View Analytics' ability to capitalize on growing demand for data analytics and AI solutions, particularly within the financial services sector. The company's consistent execution and strategic focus on emerging technologies suggest continued growth potential in the coming fiscal year.
