The company posted consolidated revenue of Rs 854.4 crore in the third quarter of FY26, marking a 21% year-on-year (YoY) increase, driven by strong demand from healthcare and banking clients.
Revenue from the healthcare and life sciences segment, which contributes around 20% of total revenue, surged 78% YoY. The banking and financial services segment, accounting for about 12% of revenue, grew 26% during the quarter.
Fractal reported adjusted EBITDA of Rs 152.1 crore, up 24% YoY, with EBITDA margins expanding to 17.8%. Gross margin improved to 47.2%, the company said.
The company also strengthened engagement with existing clients, reporting a 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 clients generating more than Rs 170 crore in annual revenue increased to six, while those contributing over Rs 8.5 crore rose to 58.
Srikanth Velamakanni, Group Chief Executive and Executive Vice-Chairman of Fractal, said the company benefited from accelerating enterprise adoption of AI. He added that strong organic growth, improving margins and high client retention highlight the strength of its enterprise AI capabilities.Sensex, Nifty today: Catch all the LIVE stock market action here
The company also highlighted performance from its AI products. Its 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, ranked among the top-performing agents on MLE-Bench and outperformed 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 initial public offering.
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The company’s stock price opened at Rs 876 on the NSE, a 2.6% discount to the IPO price, while on the BSE it listed flat at Rs 900. Fractal Analytics is positioned as a global enterprise AI and analytics firm. 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 businesses targeting high-growth markets.
The company employs more than 5,000 professionals globally.
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