LatentView Q2 revenue rises 14.2% as margin holds 20.7%

Latent View Analytics Limited reported Q2FY27 operating revenue of Rs 294.1 crore, rising 14.2% year-on-year and 2.5% sequentially for the quarter ended September 30, 2026. LatentView reported adjusted earnings before interest, tax, depreciation and amortisation (adjusted EBITDA) of Rs 60.8 crore and a 20.7% margin despite organisation-wide performance increments in July.

How did LatentView perform in Q2FY27?

LatentView returned to sequential operating-revenue growth in Q2FY27, with revenue rising by Rs 7.2 crore from Rs 286.9 crore in Q1FY27 to Rs 294.1 crore. The company reported 14.2% year-on-year growth and said dollar-denominated revenue increased 2% sequentially.

LatentView’s profit after tax rose 2.9% sequentially to Rs 48.5 crore, while profit before tax was Rs 65.4 crore, 0.2% above Q1FY27. Basic earnings per share were Rs 2.35, compared with Rs 2.33 in Q1FY27, and the profit-after-tax margin increased to 15.6% from 15.3%.

Which LatentView businesses drove quarterly growth?

Industrials led LatentView’s disclosed business growth in Q2FY27, expanding 21.4% sequentially, according to Chief Financial Officer Rajan Venkatesan. Chief Executive Officer Sonal Ramrakhiani said Automotive led the quarter’s broad-based growth, while Financial Services and consumer packaged goods (CPG) and Retail recorded steady gains.

Financial Services grew 3.5% sequentially after being LatentView’s primary growth engine over the preceding year, the CFO said. CPG and Retail rebounded by 2.7%, meaning Industrials grew substantially faster than the two other disclosed practices during Q2FY27.

LatentView cited Q2FY27 work for a wealth-technology software provider on AI-powered workflows, and Agentic AI-powered data observability for a financial-services firm. It also reported a Databricks Lakehouse engagement for a global financial-services and insurance company to support real-time business intelligence.

In CPG and Retail, LatentView listed Agentic AI work for an Indian consumer electrical manufacturer and retail-search work for an apparel manufacturer. A global online marketplace assignment covered delivery predictions, fulfilment efficiency and AI-powered product decisions, which the company identified among its Q2FY27 client wins.

Did LatentView maintain profitability after July increments?

LatentView reported a 20.7% adjusted EBITDA margin in Q2FY27 despite organisation-wide performance increments in July 2026. Adjusted EBITDA increased 3.7% sequentially to Rs 60.8 crore from Rs 58.6 crore, and the company’s table lists quarter-on-quarter adjusted-margin growth of 0.2%.

The Q2FY27 adjusted EBITDA margin was 1.9 percentage points below the year-earlier quarter and below the 23.0% reported for FY26. Reported EBITDA rose 5.4% sequentially to Rs 59.8 crore, with its margin increasing to 20.3% from 19.8% in Q1FY27.

LatentView’s profit-before-tax margin was 21.0%, compared with 21.2% in the preceding quarter, although profit before tax increased by Rs 0.1 crore. The profit-after-tax margin moved the other way, rising by 0.3 percentage points to 15.6%, against the FY26 reference margin of 17.8%.

The CFO said LatentView remained committed to operational efficiencies and disciplined capital allocation to support profitability. This was management’s stated approach, and the release did not disclose a numerical revenue or margin target for Q3FY27 or FY27.

What did LatentView say about AI demand and risks?

LatentView said AI is scaling across its business, improving efficiency and productivity through technology and ecosystem partnerships. The company linked those partnerships to client adoption of AI solutions, including transaction classification for a global credit-reporting company and marketing measurement for a US software company.

Management said it anticipated some short-term impact from macroeconomic sentiment and technology-sector headwinds. The company nevertheless expressed confidence in its medium- to long-term growth prospects, without providing a quantified forecast beyond Q2FY27 revenue of Rs 294.1 crore.

LatentView reported more than 1,800 employees and more than 40 Fortune 500 clients across Technology, Financial Services, CPG, Retail and Healthcare. Its disclosed client footprint includes the United States, Chile, Mexico, Germany, the United Kingdom, the Netherlands and Singapore.

What is LatentView investing in after Q2FY27?

LatentView said it is investing in sales and go-to-market channels, expanding its geographical presence and adding senior leadership. Management said these actions are intended to advance its technology and AI offerings alongside its medium- to long-term growth plans.

LatentView appointed Amith Patalay as Head of Europe and UKI, Consumer Ecosystem, covering CPG, Retail and Industrials. The company said the role is intended to expand market presence and strengthen regional client relationships, including in Industrials, which grew 21.4% sequentially in Q2FY27.

The company also disclosed three market-engagement events: the Not Another AI Conference roundtable in San Francisco, DataAisle in Dallas for CPG and Retail enterprises, and Leaders’ Circle in San Jose. The San Francisco event addressed AI scaling and return on investment, while DataAisle focused on connected data and AI agents.

Conclusion

LatentView’s Q2FY27 results showed a return to sequential revenue expansion, with operating revenue of Rs 294.1 crore and year-on-year growth of 14.2%. Industrials recorded the fastest disclosed practice growth at 21.4% sequentially, while Financial Services and CPG and Retail also increased, and adjusted EBITDA margin was 20.7% after July increments.

Next, readers should watch the effects of LatentView’s geographical expansion, sales and go-to-market investment, and senior-leadership additions, including the Europe and UKI Consumer Ecosystem appointment. Management has flagged macroeconomic and technology-sector headwinds as possible short-term pressures and has not disclosed a numerical target for the next reporting period.