Latent View Analytics Limited (LATENTVIEW) share price
₹230.26 on NSE as of 2026-10-08. +0.08% on the day. market cap ₹4,765 Cr. P/E 24.3. 52-week range ₹230.08 to ₹502.10. Information Technology.
Latent View Analytics Q1 FY27: Revenue Up 21.6%, Profit Down 5.3%, and a New CEO in Week Three
At a glance
Latent View Analytics sells analytics services, and its June quarter moved in two directions at once. Revenue reached ₹287 crore in the three months to June 2026, up 21.6 per cent from ₹236 crore. Net profit was ₹48.1 crore, down 5.3 per cent from ₹50.8 crore a year earlier.
Operating profit was ₹56.7 crore, against ₹67.5 crore in the three months to March 2026. That is a fall of 16.1 per cent on revenue that barely moved, from ₹288.6 crore to ₹286.9 crore. Management's own margin bridge does the arithmetic out loud. Adjusted operating margin, measured before interest, tax and depreciation, fell from 24.1 per cent to 20.4 per cent. Management attributes 2.7 percentage points of that to the annual wage rise given up to senior associate level. Lower revenue accounts for 1.9 points, with 1.0 point added back from lower travel costs. Wage revisions covered close to 70 per cent of staff at roughly 8 per cent average rises, per management. The remaining 30 per cent is flagged as a further 0.4 to 0.5 percentage points next quarter.
The corner office changed hands in the same period. Rajan Sethuraman resigned as chief executive with effect from 15 July 2026 and became Strategic Advisor to the CEO. Sonal Ramrakhiani, who has twenty-four years across Wipro, Tata Technologies, TCS and Titan, was appointed on the same date. The board confirmed her from 1 August 2026 as key managerial personnel, a senior category the listing rules require a company to name.
She takes over a company that crossed ₹1,000 crore of revenue in FY26. Guidance for FY27 is 12 per cent growth, against a three-year sales growth rate of 25.3 per cent. Management links the gap to one very large client that has taken the work in-house.
Introduction
Latent View Analytics sells analytics services to large companies. The work runs from data and analytics consulting to business analytics, insights and advanced predictive analytics. Data engineering and digital solutions sit alongside those. Clients come from technology, banking and financial services, consumer goods and retail, and industrials. The company was the first analytics firm to list on the BSE and NSE, and it says so often.
The company splits its own history into three acts. From 2007 to 2014 came foundational projects and a strategic partnership with Microsoft. From 2015 to 2020 came operational maturity and teams built around particular industries. From 2021 onwards it describes the period as scale and artificial intelligence, with capabilities bought in through acquisitions and the move to public ownership. FY26 brought the milestone of crossing ₹1,000 crore in revenue, at ₹1,060 crore.
The acquisition strand runs through Decision Point Private Limited. Latent View paid about ₹331 crore in cash for 70 per cent of the equity on 1 July 2024, net of working capital. It then bought a further 10 per cent for about ₹1.1 crore, taking its stake to 80 per cent. The remaining 20 per cent was expected by 30 April 2026. That purchase has not happened.
Recent months brought steady traffic of exchange filings under Regulation 30, the rule that requires disclosure of material events. The chief financial officer, Rajan Bala Venkatesan, resigned on 5 November 2025 and then withdrew the resignation. The board accepted the withdrawal on 14 January 2026, with no break in service. Venky Ramesh joined as chief client officer for consumer, market place and retail on 17 November 2025. July 2026 brought the change of chief executive. August 2026 brought the results, a reconstituted corporate social responsibility committee, and shareholder approval of Sudha Sankaran as an independent director for five years from 17 June 2026.
Headcount stands at 1,800 worldwide. Five of those people cover the European Union and the United Kingdom, which is a compact way to cover London, Dublin and Munich. Asia-Pacific holds 1,451, across Bengaluru, Chennai, Gurgaon and Singapore. North America holds 243 and Latin America holds 28.
Business model
The company looks at a client's data and reports what is in it. The office where that happens is in Chennai.
The longer version runs by industry. Technology clients buy customer analytics and marketing analytics. Industrial clients buy demand and supply chain forecasting, plus predictive maintenance of machines and equipment. Consumer and retail clients buy social media listening, product innovation and product assortment. Channel strategy and marketing spend sit in the same bundle. Financial services clients buy fraud and risk analytics, along with customer analytics that supports new products.
Revenue in the three months to June 2026 came 58 per cent from technology and 20 per cent from financial services. Retail and consumer goods gave 15 per cent, and industrials and others 7 per cent. By geography, 90 per cent came from North America. The rest of the world gave 8 per cent, and Europe and the United Kingdom 2 per cent.
Delivery runs from global centres in Chennai and Bengaluru, with sales teams stationed at client sites. Subsidiaries sit in the United States, the Netherlands, Germany, the United Kingdom and Singapore. The draft offer document filed before listing described the model as asset-light and scalable. It cited stable and recurring revenues, low capital requirements and significant operating leverage, meaning profit rises faster than sales as volumes grow. It also said most revenue came from long-term agreements. Inventory on the balance sheet is ₹0.00 crore, which is what a business selling slide decks tends to report.
Client concentration is the other structural feature. The top five clients account for 57 per cent of revenue, one percentage point more than before. The top ten account for 72 per cent, three points more, and the top twenty for 86 per cent, two points more. The company served 96 clients over the trailing twelve months, against 94 in FY26. Six of them billed more than ₹50 crore and 68 billed under ₹5 crore. Clients of five years or more supplied 69 per cent of revenue, and clients of under a year supplied 5 per cent.
Management sets out its approach to artificial intelligence in two parts. Primary AI means building AI solutions delivered into the client's hands. Secondary AI means using AI to improve Latent View's own delivery. Management says about 80 per cent of work in the three months to June 2026 had an AI element, with roughly 35 per cent primary. The FY26 baseline was about 50 per cent AI-impacted and 28 per cent primary.
Quarterly results, balance sheet, cash flow, ratios, shareholding and the filings themselves are on the full page for Latent View Analytics Limited.
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