India's Latent View slides on first-ever drop in quarterly profit

Latent View Analytics

10/05/2023 06:40

** Shares of Latent View Analytics Ltd  LATN.NS  slides ~9%,
erasing YTD gains
    ** Stock set for 4th biggest one-day drop since Nov 2021
debut
    ** The data analytics firm posts 4% slide in March-qtr net
profit  urn:newsml:reuters.com:*:nFWN3760PE
    ** This is the company's first drop in profit since going
public, while the 20% rise is rev was it slowest
    ** Core profit fell 16% in the March-qtr, while core profit
margins contracted to 21.36% from 30.52%
    ** Stock is most active in over six months, with a trading
volume of 1.74 mln shares as of 10:55 a.m. IST
    ** Stock now down ~8.5% YTD, after a ~34% slide in 2022

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))