Latent View Analytics (LATENTVIEW) Q2 26/27 earnings summary

Executive summary

• Q2 consolidated revenue was ₹2,940.68 million ($30.9 million), up 14.2% YoY and 2.5% QoQ; PAT was ₹484.68 million, up 6.1% YoY.

• Sequential growth returned, led by financial services, industrials and retail; technology remained under pressure.

• AI growth priorities include agentic AI, data-for-AI services, reusable accelerators and ecosystem partnerships.

• The $200 million revenue target shifted to end-2028 from the earlier end-FY2028 goal; a detailed plan is expected at an Investor Day in early February.

Financial highlights

• Q2 revenue from operations was ₹2,940.68 million versus ₹2,575.42 million YoY; total income was ₹3,115.94 million, including ₹175.26 million of other income.

• Adjusted EBITDA was ₹608 million, up 4.8% YoY and 3.7% QoQ; margin was 20.7%, down 1.9 pp YoY and up 0.2 pp QoQ.

• Reported PAT was ₹484.68 million versus ₹457.29 million YoY; reported PAT margin was 15.6%.

• H1 consolidated revenue was ₹5,809.44 million versus ₹4,935.65 million; profit was ₹955.71 million versus ₹962.91 million.

• FY27 revenue visibility is $127 million versus $119.5 million in FY26, implying 6%+ growth; about $125 million is signed and locked in.

Outlook and guidance

• FY27 organic revenue outlook is $127 million, the level management said it has high confidence in delivering; inorganic growth is incremental to guidance.

• Q3 revenue is expected to grow 3%–4% sequentially from signed and locked-in work; pipeline conversions could add upside in Q3 and Q4.

• FY27 EBITDA margin guidance is 21%–22%; the band is expected to be maintained medium term while investing in AI, Databricks and forward-deployed engineering.

• The $200 million target plan spans account growth, new-logo wins, partnerships, Europe and inorganic opportunities.