Latent View Analytics Limited (LATENTVIEW)
₹243.18 +1.63% last close, 16 Oct
Q2 FY27 results
📅 Next results: 31 Oct 2026 (board meeting)Latent View Analytics Limited's board meets on 31 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Latent View's revenue was ₹287 Cr (+21.6% year on year, -0.6% on the previous quarter), and net profit ₹47.1 Cr (-7.6% year on year); the operating margin was 19.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹287 | +21.6% | -0.6% |
| Operating profit | ₹56.7 | +13.4% | -16.1% |
| Net profit | ₹47.1 | -7.6% | -14.5% |
| EPS (₹) | 2.33 | -5.3% | -8.6% |
| Operating margin | 19.8% | — | — |
LATENTVIEW delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 30.94% of the LATENTVIEW shares traded on NSE were taken to delivery, against the stock's own 20-session average of 45.67%. That is lower than usual for this stock.
Delivery in the last 5 sessions: 38.2% · 35.6% · 36.3% · 40.0% · 30.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Latent View Analytics Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 03, 2026. The company confirmed that 100% of its issued share capital continues to be held in dematerialised form by shareholders.
- Compliance certificate received under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited on October 03, 2026
- Entire share capital issued by the company is held in demat mode
Latent View Analytics announced that M/s. Niche Ninety-Nine Capability and Certifications (OPC) Private Limited (Niche99) assigned the company an ESG Rating of 76.49. The company received the information on September 17, 2026. Latent View clarified that it did not engage Niche99, and the report was prepared independently based on publicly available data. This filing is a regulatory disclosure under SEBI LODR rules with no direct financial impact.
- Assigned an independent ESG rating of 76.49 by Niche99
- Intimation received by the company on September 17, 2026
- Disclosure made pursuant to SEBI Circular dated January 30, 2026
- Company did not engage the agency; assessment is based purely on public domain data
Latent View Analytics Limited has informed the exchanges of a scheduled one-on-one institutional investor meeting with Equirus Securities Private Limited on September 16, 2026. The meeting is scheduled to be conducted virtually. The discussion will cover industry and company-specific developments already available in the public domain, with no unpublished price-sensitive information being shared. This is a standard statutory disclosure under Regulation 30 of SEBI LODR.
- One-on-one meeting scheduled on September 16, 2026
- Meeting participant is Equirus Securities Private Limited
- Conducted via virtual mode with no unpublished price-sensitive information shared
Latent View Analytics has allotted 1,58,250 equity shares of face value INR 1 each pursuant to the exercise of employee stock options under its ESOP 2016 scheme. The allotment includes 20,000 shares exercised at INR 6.29 per share and 1,38,250 shares at INR 76 per share. Following this issuance, the company's total paid-up share capital increased marginally from 20,69,24,980 shares to 20,70,83,230 shares. The dilution is negligible at less than 0.08% of existing equity capital.
- Allotment of 1,58,250 equity shares of face value INR 1 each under ESOP 2016
- Exercise prices: 20,000 shares at INR 6.29 per share and 1,38,250 shares at INR 76 per share
- Paid-up equity share capital increases from INR 20,69,24,980 to INR 20,70,83,230
- Total post-issue outstanding shares stand at 20,70,83,230 shares
Latent View Analytics Limited announced that NSE Sustainability Ratings and Analytics Limited has assigned the company an ESG Rating of '76' for FY 2026. The rating was independently prepared based on publicly available data without direct engagement by the company. The disclosure is made pursuant to SEBI Listing Regulations and ESG disclosure guidelines.
- Assigned an ESG Rating of 76 for FY 2026
- Rating issued independently by NSE Sustainability Ratings and Analytics Limited
- Communication received on September 02, 2026 and disclosed on September 03, 2026
- Latent View did not commercially engage the agency; score is based on public domain data
Latent View Analytics Limited has informed the exchanges that ESG Risk Assessments and Insights Limited assigned the company an ESG Rating of 77. The communication was received on August 17, 2026. Latent View clarified that it had not engaged the agency, and the rating was derived independently from publicly available data. This filing is routine and does not impact business fundamentals or financial performance.
- Assigned an ESG Rating of 77 by ESG Risk Assessments and Insights Limited
- Rating communication received on August 17, 2026
- Independent assessment based on public data with no commercial engagement by the company
LatentView Analytics introduced new CEO Sonal Ramrakhiani (ex-Wipro/Tata) and addressed a Q1 dip in its consumer goods practice caused by the completion of fixed-fee projects. Management expects a sharp recovery with 25%+ QoQ growth in the consumer segment for Q2, supported by a $26 million pipeline and $2 million in extensions. Wage hikes for 70% of the workforce impacted Q1 margins by 2.7%, with a further 40-50 bps impact expected in Q2. Databricks-related revenue remains a growth driver, projected to reach $8.5 million in the upcoming quarter.
- Consumer goods pipeline stands at $26 million with an additional $2 million in extensions in play
- Management guides for 25%+ QoQ growth in the consumer goods practice for Q2 FY27
- Databricks-related revenue expected to increase from $7.8 million in Q1 to $8.5 million in Q2
- Wage hikes for 70% of the workforce resulted in a 2.7% margin impact during Q1
- New CEO Sonal Ramrakhiani brings 25+ years of experience from Wipro and the Tata Group
Shareholders of LatentView Analytics approved the appointment of Ms. Sudha Sankaran as an Independent Director during the 20th AGM held on July 31, 2026. The appointment is for a five-year term effective from June 17, 2026. Ms. Sankaran brings 25 years of finance leadership experience from multinational corporations including Alstom, General Motors, and Ford. This addition strengthens the board's financial oversight as the company manages a TTM revenue of ₹1,060 Cr and pursues AI-driven acquisitions.
- Appointment approved for a term of 5 consecutive years starting June 17, 2026
- Ms. Sudha Sankaran brings 25 years of diverse industry experience in finance and strategic analysis
- Shareholder approval obtained at the 20th Annual General Meeting held on July 31, 2026
- The appointee is currently the Managing Director of Alstom Global Finance Centres
LatentView Analytics Limited has released the voting results for its 20th Annual General Meeting held on July 31, 2026. Shareholders approved all three resolutions, including the adoption of FY26 financial statements and director appointments. While the adoption of financials and the appointment of an Independent Director saw near-unanimous support, the re-appointment of Ms. Pramadwathi Jandhyala faced a 14.39% dissent from public institutional voters, though it passed with an overall 99.15% majority.
- Total of 218,922 shareholders were on record for the meeting held on July 31, 2026
- Resolution 1 for adoption of financial statements passed with 99.9995% votes in favor
- Public Institutions cast 1,207,072 votes (14.39% of their polled votes) against the re-appointment of Ms. Pramadwathi Jandhyala
- Special Resolution for the appointment of Ms. Sudha Sankaran as Independent Director passed with 99.997% majority
- Total votes polled across resolutions represented approximately 69.2% of the total outstanding shares
LatentView Analytics has published the audio recording of its earnings call for the quarter ended June 30, 2026 (Q1 FY27), held on August 03, 2026. The company recently reported TTM revenue of ₹1,060 cr and a PAT of ₹203 cr for FY26. Management commentary in such calls typically addresses the integration of Decision Point (contributing ~$4M revenue) and the scaling of GenAI capabilities. This filing is a procedural requirement under SEBI regulations to ensure equitable access to information.
- Earnings call for Q1 FY27 conducted on August 03, 2026
- Company maintains a high client concentration with top 5 clients accounting for 60% of revenue
- Decision Point integration is expected to contribute approximately $4M in revenue
- Management targeting a 21% expected growth rate driven by focus account initiatives
- One new account has already scaled to a $5M-$6M annual run rate
LatentView Analytics reported a 21.6% YoY revenue growth to ₹286.9 Cr for Q1 FY27, though revenue saw a marginal 0.6% sequential dip. Profitability was impacted by annual wage hikes and the completion of one-off projects, leading to Adjusted EBITDA margins contracting to 20.4% from 24.1% in the previous quarter. A key positive is the scaling of AI-led revenue, which now accounts for 35% of the total mix. However, the Retail & CPG vertical faced a significant 32% QoQ decline, partially offset by 24% QoQ growth in Financial Services.
- Revenue from operations reached ₹286.9 Cr, representing approximately 27% of TTM revenue.
- Adjusted EBITDA margin dropped 370 bps sequentially to 20.4% due to wage hikes and lower project volumes.
- AI-led revenue contributed 35% to the total revenue in Q1 FY27.
- Financial Services vertical grew 24% QoQ, while Retail & CPG vertical declined 32% QoQ.
- Client concentration remains high with the top 5 clients contributing 57% of total revenue.
LatentView reported Q1FY27 revenue of ₹286.9 Cr, up 21.6% YoY but down 0.6% sequentially. Profitability was impacted by annual wage hikes and seasonal costs, leading to a 14.5% QoQ decline in PAT to ₹47.1 Cr. Adjusted EBITDA margins contracted significantly by 370 bps to 20.4%. A major highlight was the Financial Services vertical, which grew 110% YoY, while the company also announced the appointment of Sonal Ramrakhiani as the new CEO.
- Operating revenue grew 21.6% YoY to ₹286.9 Cr, though it saw a marginal 0.6% sequential decline.
- Adjusted EBITDA margin contracted to 20.4% from 24.1% in the previous quarter due to wage hikes and visa costs.
- Financial Services vertical delivered exceptional growth of 110% YoY, offsetting softness in the CPGR segment.
- AI now impacts 81% of company engagements, with 35% of projects specifically focused on AI-driven outcomes.
- PAT stood at ₹47.1 Cr, down 6.9% YoY and 14.5% QoQ.
LatentView Analytics has appointed Ms. Sonal Ramrakhiani as Chief Executive Officer and Key Managerial Personnel, effective August 01, 2026. She brings over 24 years of global experience, having previously served as Market Lead Americas 2 for Wipro Engineering Edge and COO at Tata Technologies. This leadership transition is significant for a company with TTM revenue of ‑1,060 Cr and a high client concentration where the top 5 clients contribute 60% of revenue. Investors will be looking for her to leverage her North American sales expertise to drive the company's 21% expected growth rate and AI-focused acquisitions.
- Ms. Sonal Ramrakhiani appointed as CEO and KMP effective August 01, 2026
- Brings over 24 years of extensive global experience in IT and ITES sales leadership and P&L management
- Previously held executive roles including COO and President Sales at Tata Technologies
- Company manages TTM revenue of ‑1,060 Cr with a 22.2% operating profit margin
- Top 5 clients currently account for 60% of total revenue, highlighting a need for diversified growth
LatentView Analytics has appointed Sonal Ramrakhiani, a former Wipro and Tata Technologies executive, as CEO and Key Managerial Personnel effective August 1, 2026. The company also disclosed a significant legal dispute regarding the acquisition of the remaining 20% stake in Decision Point (DPPL). While the company estimates the payout at ₹70.85 crore, the sellers are claiming ₹221.9 crore, representing a ₹151.05 crore gap (~74% of TTM PAT). The Board also approved the unaudited financial results for the quarter ended June 30, 2026.
- Appointment of Ms. Sonal Ramrakhiani as CEO, bringing 24+ years of experience from Wipro and Tata Group.
- Valuation dispute for 20% DPPL stake: Sellers claim ₹221.9 crore vs Company estimate of ₹70.85 crore.
- The ₹151.05 crore disputed amount represents approximately 74% of the company's TTM Net Profit of ₹203 crore.
- Decision Point subsidiary reported revenue of ₹27.01 crore and a net loss of ₹5.11 crore for the June 2026 quarter.
- Company continues to carry a derivative asset of ₹84.9 crore in standalone books related to the DPPL acquisition.
LatentView Analytics has approved the grant of 15,00,000 stock options under its ESOP 2016 scheme. The options are priced at Rs 300 each, which is a ~5.1% discount to the current market price of Rs 316.2. These options carry a minimum vesting period of one year. This move is a standard retention tool for the IT services sector, resulting in a potential equity dilution of approximately 0.71%.
- 15,00,000 Employee Stock Options granted by the Nomination and Remuneration Committee on August 01, 2026
- Exercise price fixed at Rs 300 per share, based on a formula involving 30-day and 3-month averages
- Minimum vesting period of 1 year from the date of grant before options can be exercised
- Potential equity dilution of ~0.71% based on the current market capitalization of Rs 6,679 Cr
Financial Performance
Revenue Growth by Segment
Financial Services practice grew 94% YoY and 30% QoQ in Q2 FY26. Consumer (CPG) vertical grew 23% YoY. Technology vertical is currently growing in high single digits with a target to reach low double digits.
Geographic Revenue Split
Not disclosed in available documents, though the company maintains a global footprint with significant operations and client partners based in the U.S.
Profitability Margins
Reported PAT margin was 16.6% in Q2 FY26, down from 19.5% in Q1 FY26. FY25 Reported PAT margin was 18.9% (INR 173.5 Cr) compared to 22.2% (INR 158.7 Cr) in FY24.
EBITDA Margin
Adjusted EBITDA margin was 22.5% in Q2 FY26 (INR 58.0 Cr), consistent with Q2 FY25. Reported EBITDA margin for Q2 FY26 was 21.8% (INR 56.1 Cr) after accounting for transaction-related retention bonuses.
Capital Expenditure
Not disclosed in available documents; however, the company maintains a healthy cash balance for potential acquisitions in the data engineering and AI space.
Credit Rating & Borrowing
The company is almost debt-free with reduced debt levels. Specific borrowing costs and interest rates are not disclosed.
Operational Drivers
Raw Materials
Human Capital/Talent (100% of service delivery cost). Key costs include transaction-related retention bonuses for Decision Point employees and investments in the AI Center of Excellence.
Capacity Expansion
Workforce capacity includes 165 graduates added recently. Expansion is driven by adding sales and business development bandwidth for the technology vertical and leadership roles.
Raw Material Costs
Employee-related costs are the primary driver. Transaction-related expenses for Decision Point integration were INR 1.9 Cr in Q2 FY26.
Manufacturing Efficiency
Adjusted EBITDA margin of 22.5% reflects strong operational execution and effective cost management. ROCE was 10.2% as of the latest reporting period.
Strategic Growth
Expected Growth Rate
21%
Growth Strategy
Growth is driven by the 'focus account initiative' targeting 27 accounts with 140 identified teams for mining. Integration of Decision Point (contributing ~$4M revenue) and pursuit of acquisitions in AI and Data Engineering are central to the strategy.
Products & Services
Data and analytics consulting, business analytics & insights, advanced predictive analytics, data engineering, digital solutions, and GenAI capabilities.
Brand Portfolio
LatentView Analytics, Decision Point (integrated consumer practice).
New Products/Services
GenAI capabilities and Databricks channel momentum are expected to drive future revenue, with one new account already scaling to a $5M-$6M+ annual run rate.
Market Expansion
Expansion into nearshoring and strengthening the consumer practice through the Decision Point integration.
Market Share & Ranking
1st Analytics company listed on BSE/NSE.
Strategic Alliances
Strong partnership and capability building for the Databricks channel.
External Factors
Industry Trends
Global IT spending is growing at 9.8%, but much is directed to recurring costs. The industry is shifting toward GenAI and specialized data engineering, where LatentView is positioning itself via its AI CoE.
Competitive Landscape
Operates in the highly competitive global data and analytics industry against both boutique firms and large IT service providers.
Competitive Moat
Strong moat through client longevity: 76% of revenue comes from clients served for over 5 years. High switching costs are created by deep integration into client data ecosystems.
Macro Economic Sensitivity
Sensitive to global IT spending, which is projected to reach $5.61 trillion in 2025 (9.8% increase).
Consumer Behavior
Increased demand for RGM (Revenue Growth Management) and predictive analytics in the CPG sector, driving 23% growth in that vertical.
Geopolitical Risks
Exposed to trade policy uncertainty, geopolitical fragmentation, and persistent inflation which may cause cautious stabilization in growth.
Regulatory & Governance
Industry Regulations
Subject to global data privacy laws and financial reporting transparency standards.
Taxation Policy Impact
Effective Tax Rate (ETR) for the group is expected to be between 25% to 26% following the move to the new tax regime in India.
Risk Analysis
Key Uncertainties
Growth stabilization in the technology vertical and the successful realization of synergies from the Decision Point acquisition.
Geographic Concentration Risk
Not disclosed, but heavily weighted toward the U.S. market based on client partner locations.
Third Party Dependencies
High dependency on top 5 clients (60% revenue) and technology partners like Databricks.
Technology Obsolescence Risk
Risk of falling behind in AI/ML; mitigated by investments in GenAI capabilities and the AI Center of Excellence.
Credit & Counterparty Risk
Receivables quality is reflected in 70 debtor days; cash balances remain healthy at INR 1,000+ Cr (implied by balance sheet reserves).
