Fractal Analytics posts first $100 Mn revenue quarter as Q2 net income jumps 139%

Fractal Analytics Ltd reported consolidated operating revenue of Rs 956.5 crore for Q2 FY27, up 20 percent year on year and about 10 percent in constant currency, crossing $100 million in a single quarter for the first time, according to its 3 November 2026 press release and coverage by Business Standard and Moneycontrol on 4 November. Net income rose 139 percent year on year to Rs 79.2 crore. Adjusted EBITDA margin expanded by 123 basis points to 16 percent, the company said.

Growth was led by healthcare and life sciences, up 79 percent year on year, and by banking, financial services and insurance, up 30 percent. Consumer packaged goods and retail, still the largest vertical, grew 11 percent. Technology, media and telecom recovered 6 percent quarter on quarter. Products including the Cogentiq agentic AI platform reached an annual revenue run rate above Rs 150 crore, up 39 percent year on year, and about 4 percent of group revenue, Business Standard reported.

Fractal is listed on the BSE and NSE (FRACTAL) and describes itself as an enterprise AI company that builds models, platforms and products for Fortune 500 clients. Co-founder and Group CEO Srikanth Velamakanni said in the press release that AI models are getting more capable and cheaper, and that the quarter showed revenue past $100 million with net income more than doubling. Net revenue retention stood at 115 percent and Net Promoter Score at 76 in the quarter, per the company pack.

Cash flow from operations was about Rs 793 crore in the investor materials, with cash and cash equivalents of about Rs 17,277 crore including mutual funds and deposits. Basic EPS was Rs 4.71, up 119 percent year on year. The results matter for India's listed AI services and products story: Fractal is converting agentic platform work into measurable product run rate while still growing services in healthcare and banking.