Fractal Analytics reported consolidated operating revenue of Rs 956.5 crore for Q2 FY27, up 20% year-on-year, while net income surged 139% to Rs 79.2...

Results · Finvezto · 4 Nov 2026 · Fractal Analytics (FRACTAL)

Results Q2 FY27, ₹ Cr

Q2 FY27 results with change on the quarter and on the year
Q2 FY27	₹ Cr	QoQ	YoY
Revenue	957	+4.8%	-
Operating profit	150	+5.0%	-
Net profit	79	+9.5%	-
Operating margin	15.7%	+0.0 pp	-
Net margin	8.3%	+0.4 pp	-

Fractal Analytics reported consolidated operating revenue of Rs 956.5 crore for Q2 FY27, up 20% year-on-year, while net income surged 139% to Rs 79.2 crore alongside 71% EBITDA growth. Revenue growth was led by the Healthcare and Life Sciences vertical rising 79% year-on-year, while Net Revenue Retention reached 115%. NSE filing
Revenue growth was led by the Healthcare and Life Sciences vertical rising 79% year-on-year, while Net Revenue Retention reached 115%. NSE filing
Revenue crossed $100 million for the first time at INR 957 crore, up 20% year-on-year and 5% quarter-on-quarter, while adjusted EBITDA grew 30% and net income grew 139% to INR 79 crore. Earnings call
Adjusted EBITDA margin was 16.2%, up 123 basis points, while gross margin fell 225 basis points to 44% because of investment in AI engineering talent that is scarce and expensive today. Earnings call

Management on gross margin recovery: And the gross margin that is meaningfully lower this quarter is going to come back up as early as next quarter, and then also the following quarter.
Management on ebitda margin target: Right now, that construct is that increase revenue growth as much as possible while taking EBITDA to a 22% level.
Operating margin over the last 4 quarters (Dec 25, Mar 26, Jun 26, Sep 26): 15.0%, 20.3%, 15.7%, 15.7%.
Net profit over the last 4 quarters (Dec 25, Mar 26, Jun 26, Sep 26), ₹ Cr: 100, 116, 72, 79.

Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.