Fractal Analytics Limited announced its unaudited consolidated financial results for Q2 FY27 ended September 30, 2026. The company achieved its first-ever $100 million revenue quarter with significant growth across key metrics.

Financial Performance

  • Consolidated operating revenue: ₹956.5 Cr (₹9,565 million), representing 20% year-on-year growth and 10% growth in constant currency terms
  • Net Income: ₹79.2 Cr (₹792 million), showing 139% year-on-year growth
  • Adjusted EBITDA Margin: 16%, expanding by 123 basis points year-on-year

Segment Performance

Revenue growth was led by strong performance across industry verticals:

  • Healthcare and Life Sciences (HLS): 79% year-on-year growth
  • Banking, Financial Services and Insurance (BFSI): 30% year-on-year growth
  • Consumer Packaged Goods and Retail (CPGR): 11% year-on-year growth (largest vertical)
  • Technology, Media & Telecom (TMT): 6% quarter-on-quarter growth

Product Performance

  • Cogentiq agentic AI platform and other products reached an annual revenue run-rate of over ₹150 Cr (₹1,500 million), up 39% year-on-year

Client Metrics

  • Net Revenue Retention: 115% in Q2 FY27, indicating existing clients increased spending
  • Net Promoter Score (NPS): 76 during the period

Operational Highlights

  • Company employs over 6,000 professionals across North America, EMEA, and Asia-Pacific
  • Invests more than 6% of revenue in AI R&D
  • Builds proprietary AI models including Fathom reasoning models
  • Selected under IndiaAI Mission to build a large reasoning model for India

Management Commentary

Srikanth Velamakanni, Co-founder and Group CEO, stated: "AI models are getting more capable every week and cheaper every quarter. Within the next few quarters, we will cross a threshold where it becomes irresponsible and downright risky for companies to leave their most important decisions unchanged. We are building Fractal for that moment, and this quarter shows it: revenue crossed $100 million and net income more than doubled."

Business Overview

Fractal is an enterprise AI company focused on three strategic pillars:

  • AIT: Rebuilds business workflows and decisions with AI
  • AIF: Builds trusted, governed data and knowledge layer for enterprise AI
  • AIW: Helps organizations redesign work, develop AI-ready talent, and build AI-native capabilities

All pillars are powered by Cogentiq, Fractal's flagship agentic AI platform.

Subsidiaries and Spin-offs

Company mentioned several associated businesses:

  • Qure.ai: Global healthcare AI leader focused on tuberculosis, lung cancer, and stroke (incubated and spun out)
  • Asper.ai: Revenue Growth Management product for CPG companies
  • Analytics Vidhya: Ed-tech platform