LATENTVIEW: Revenue rose 14.2% YoY; Industrials led QoQ growth as gross margin softened

What happened

Latent View Analytics reported Q2 FY27 revenue of ₹2,941 Mn, up 14.2% year over year. Adjusted EBITDA margin was 20.7%, and reported profit after tax rose 6.1%. Industrials led quarterly growth at 21.4%, while gross margin declined amid a higher nearshore-project mix and wage hikes.

Confirmed

Global impact / market context

Revenue growth indicates higher sales, but the decline in gross margin means the company kept less from each rupee of revenue after direct delivery costs. If nearshore work and wage increases continue to weigh on costs, profit growth may lag revenue growth despite demand in Industrials.

Analyst inference

The results show a combination of expanding revenue and pressure on delivery economics: reported profit after tax increased more slowly than revenue, while adjusted EBITDA margin was 20.7%. The article gives no prior margin comparison, so the scale or persistence of pressure is unclear.

Analyst inference

What to watch

1. Future results could clarify whether gross margin stabilizes as project mix changes, or whether nearshore delivery and wage costs continue to absorb a larger share of revenue. Analyst inference
2. Watch whether Industrials sustains its lead in quarterly growth; continued strength could support sales, while a slowdown would reduce one visible source of momentum. Analyst inference
3. The article reports adjusted EBITDA margin of 20.7% but gives no comparison period, leaving its direction over time unconfirmed. Confirmed

Evidence

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