Revenue from the healthcare and life sciences segment, which accounts for approximately 20% of total revenue, increased 78% year-over-year. The banking and financial services segment, which accounts for approximately 12% of revenue, grew 26% this quarter.Fractal reported adjusted EBITDA of Rs 152.1 crore, up 24% year-on-year, with EBITDA margins growing to 17.8%. Gross margin improved to 47.2%, the company said.
The company also strengthened engagement with existing customers and reported net revenue retention of 114% during the quarter. Net revenue retention measures the change in spending by existing customers over time, including upgrades and downgrades.
Enterprise customers generating more than Rs 170 crore in annual revenue rose to six, while those contributing more than Rs 8.5 crore rose to 58.
Srikanth Velamakanni, Group Chief Executive and Executive Vice-Chairman of Fractal, said the company was benefiting from the accelerated adoption of AI by enterprises. He added that strong organic growth, improving margins and high customer retention highlight the power of the business AI capabilities. Sensex, Nifty Today: Watch all the LIVE stock market action here
The company also highlighted the performance of its AI products. The healthcare-focused model Vaidya.ai 2.0 scored above 50 on OpenAI HealthBench (Hard), a benchmark designed to measure clinical reasoning in complex diagnostic scenarios.
Another platform, PiEvolve, an agentic engine for autonomous machine learning and scientific discovery, is among the best-performing agents on MLE-Bench, outperforming agents developed by companies such as Google, Microsoft and Meta, the company said.
Fractal Analytics listed on the Indian stock exchanges on February 16, 2026, after raising Rs 2,834 crore through its IPO.
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The company’s share price opened at Rs 876 on the NSE, a 2.6% discount to the IPO price, while on the BSE it was trading flat at Rs 900. Fractal Analytics is positioned as a global enterprise AI and analytics company. It operates through two main segments: Fractal.ai, which provides AI services and products through its agentic AI platform Cogentiq, and Fractal Alpha, which houses standalone AI-focused companies targeting high-growth markets.
The company employs more than 5,000 professionals worldwide.
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