Fractal Analytics Limited — Investor Meet, 14-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Fractal Analytics held an earnings conference call to discuss its financial results for the quarter and full year ended March 31, 2026. Management provided business updates, reviewed financial performance, and addressed analyst questions.

**Financial Performance:**

Full-year revenue grew 19% to INR 3,300 Cr. Healthcare and life sciences saw exceptional 66% growth, while BFSI grew 32%. Adjusted EBITDA margin stood at 17.6% for the full year. Q4 net income surged 109% to INR 116 Cr.

**Management Commentary & Outlook:**

Management highlighted the pivotal moment for enterprise AI, emphasizing a 100x opportunity. They stressed a shift from cost-per-token to value-per-token and the importance of domain expertise, AI advancement, and behavioral sciences in capturing this prize. The company is focused on AI-led transformation, AI foundations, and AI for workforce transformation.

**Order Book & Operational Updates:**

Fractal Analytics reported strong client retention with net revenue retention at 117% for the year. They unveiled Flyfish.ai, an agentic sales platform, and advanced their AI research with Vaidya 2.0 and PiEvolve. Fractal Alpha, comprising Asper.ai and Analytics Vidhya, grew 41%.

**Analyst Q&A Highlights:**

Discussions covered expanding services to mid-sized companies, ESG offerings, and the impact of client-specific issues on the TMT vertical. Management clarified that TMT is a robust, reasonably high-margin business. They are increasingly focusing on output-based and license-driven engagements for better margins.

**Investor Angle:**

The company appears optimistic about the significant enterprise AI opportunity, with a clear strategy to leverage its platform and expertise. Management is focused on driving revenue growth while expanding gross margins.