Fractal delivers its first ever $100 million revenue quarter, reports EBITDA growth of 71% YoY

(BSE:544700, NSE:FRACTAL) Fractal Analytics Ltd announced its consolidated financial results for Q2 FY27, ending September 30, 2026. The company reported consolidated operating revenue of INR 9,565 million, representing a 20% year-on-year (YoY) growth and 10% growth in constant currency terms YoY. Revenue growth was led by the Healthcare and Life Sciences (HLS) industry, which achieved 79% growth YoY. The Banking, Financial Services and Insurance (BFSI) vertical grew 30% YoY in Q2. The Consumer Packaged Goods and Retail (CPGR) vertical, Fractal's largest, grew 11% YoY. The Technology, Media, and Telecom (TMT) vertical saw 6% quarter-on-quarter (QoQ) growth. Fractal's products, including the Cogentiq agentic AI platform, reached an annual revenue run-rate of over INR 1,500 million, up 39% YoY. The company's Net Revenue Retention was 115% in Q2. The Net Promoter Score (NPS) during the period was 76. Adjusted EBITDA Margin expanded by 123 basis points YoY to 16%. Net Income grew 139% YoY to INR 792 million. Srikanth Velamakanni, Co-founder and Group CEO of Fractal, commented that AI models are becoming more capable and affordable, and that Fractal is preparing for a future where AI-driven decision-making is essential. He highlighted that revenue crossed $100 million and net income more than doubled. Fractal employs over 6,000 professionals across North America, EMEA, and Asia-Pacific. The company invests more than 6% of its revenue in AI R&D. Fractal was selected under the IndiaAI Mission to build a large reasoning model for India. Its models and products include Vaidya.ai, with the Vaidya 2.0 model being the first to score above 50 on OpenAI's HealthBench (hard), and PiEvolve. Fractal also incubated and spun out Qure.ai, a global healthcare AI leader. Other businesses include Asper.ai, a Revenue Growth Management product for CPG companies, and Analytics Vidhya, an Ed-tech platform.