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