Fractal Analytics Limited — Investor Meet, 27-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Fractal Analytics held an earnings conference call to discuss the financial results for the quarter. Management provided updates on business performance, financial metrics, and the outlook, followed by a Q&A session with analysts.

**Financial Performance:**

Revenue increased 20% YoY to ₹912.5 crore. Healthcare and Life Sciences grew 69%, Banking & Financial Services 36%, and CPG & Retail 19%. Technology, Media & Telecom (TMT) declined 22% YoY. Net income surged 92% YoY to ₹72 crore. Gross margin was 46%, and adjusted EBITDA margin was 17% (up 189 bps YoY).

**Management Commentary & Outlook:**

The company is witnessing a bottoming out in the TMT vertical, expecting sequential growth next quarter. Growth outside TMT was 37% YoY. Management highlighted winning a major AI program and piloting its healthcare AI platform. They see significant opportunities in AI-led transformation, AI foundations, and reimagining work with AI, driven by increasing enterprise tech budgets and a shift towards partner-led deals.

**Analyst Q&A Highlights:**

Discussions focused on the TMT segment recovery drivers (new deals from existing clients), the product-led nature of Cogentiq deals, and increased deal sizes. Management addressed the TMT decline, attributing it partly to shifts in tech company spending. They also elaborated on their three-pronged strategy: AI-led business transformation, AI Foundations, and AI Workforce transformation.

**Investor Angle:**

Management expressed strong optimism about the future, highlighting robust client relationships, expanding margins, and a favorable market shift towards AI. The focus is on execution to capitalize on the expanding AI opportunity.