Shares of Fractal Analytics, an Indian artificial intelligence (AI) company, rose as much as 12% on Wednesday, 4 November 2026. The rise came after the company reported its July to September results. Net profit rose 139% from a year ago to ₹79.2 crore, according to Livemint.
Revenue grew 20% to ₹956.5 crore. This is the first quarter in which Fractal's revenue crossed $100 million. These results matter to investors because sales grew and the company also kept more profit from each rupee of sales.
What happened to the share price
Livemint reported that the stock touched an intraday high of ₹820.75 on the BSE. Its previous closing price was ₹732.60. An intraday high is the highest price a share reaches during one trading day. By our calculation, ₹820.75 is about 12% above ₹732.60, which matches the reported rise.
NDTV Profit gave slightly different figures. It said the stock rose more than 11% and touched a high of ₹815 on the NSE. The two figures come from two different exchanges. We could not confirm the exact high on each exchange, so readers can check the BSE and NSE websites for the final trading data.
The numbers in the September quarter
| Item | Q2 FY27 | Change from a year ago |
|---|---|---|
| Net profit | ₹79.2 crore | Up 139% |
| Revenue from operations | ₹956.5 crore | Up 20% |
| Revenue in constant currency | Not given | Up 10% |
| Adjusted EBITDA | Not given | Up 71% |
| Adjusted EBITDA margin | 16% | Up 123 basis points |
The table shows that profit grew much faster than revenue, so the company kept more of what it earned.
EBITDA means earnings before interest, tax, depreciation and amortisation. It shows how much a company earns from its main work before some costs are taken out. The margin tells you how much of each ₹100 of revenue is left as EBITDA. For Fractal, about ₹16 out of every ₹100 was left.
Livemint said revenue grew 10% in constant currency terms. That number removes the effect of exchange rate changes. Livemint did not explain the gap between 20% and 10%. When reported growth is higher than constant currency growth, part of the rise comes from currency movements and not from more business.
The Hindu BusinessLine also compared the results with the previous quarter. Profit rose 9.5% and revenue grew 5% over April to June. It also said gross margin grew 46%. According to BusinessLine, growth across industry groups helped profit rise. Lower finance costs and employee expenses also helped.
Which businesses grew
Both Livemint and BusinessLine said healthcare clients led the growth.
| Industry group | Growth | Compared with |
|---|---|---|
| Healthcare and Life Sciences (HLS) | 79% | Year ago |
| Banking, Financial Services and Insurance (BFSI) | 30% | Year ago |
| Consumer Packaged Goods and Retail (CPGR) | 11% | Year ago |
| Technology, media and telecom (TMT) | 6% | Previous quarter |
The table shows that CPGR grew the slowest of the three yearly figures. BusinessLine says CPGR is Fractal's largest group. The TMT figure is compared with the previous quarter, not with a year ago.
BusinessLine also gave three other measures. Fractal's products, including its Cogentiq platform, reached an annual revenue run-rate of over ₹150 crore, up 39% from a year ago. Net revenue retention was 115%. The Net Promoter Score was 76.
What the company said
Srikanth Velamakanni, Co-founder and Group CEO, said AI models are "getting more capable every week and cheaper every quarter," according to BusinessLine. He said that within a few quarters, it will become risky for companies to leave their most important decisions unchanged. He said the quarter's results backed this up: revenue crossed $100 million and net income more than doubled.
Livemint describes Fractal as a company that builds AI models, platforms and products for large businesses, including Fortune 500 firms. Its work is split into three parts called AIT, AIF and AIW. They cover AI for business decisions, the data behind AI, and preparing staff for AI-based work. Fractal has more than 6,000 staff and spends over 6% of its revenue on research.
Share price trend and what an analyst said
Even after the rise, the stock was 27% below its 52-week high of ₹1,119.60, set in May 2026, Livemint reported. Its 52-week low was ₹697.20 on 12 October 2026. The stock gained 13% in one month and 3% in three months, but was down 17% over six months.
Jigar S Patel, Senior Manager, Technical Research at Anand Rathi Share and Stock Brokers, gave Livemint a short-term chart view. He said the stock had broken above a resistance level of 786. He sees 780 to 786 as a support zone and 860 as the next resistance. He suggested traders may look at buying on dips towards that zone instead of chasing higher prices. This is his reading of price charts. It is not a view on the company's value, and chart levels often fail.
Risks to keep in mind
- The stock moves sharply. It was down 17% over six months before this rise, and a one-day jump can reverse.
- Constant currency growth of 10% was half the reported 20%. So part of the reported growth depended on exchange rates.
- The largest industry group, CPGR, grew 11%. That is slower than overall revenue growth.
- These numbers come from news reports. Check the company's filing on the BSE or NSE website before relying on them.
To see how another company in this field did, read our story on Happiest Minds' Q2 FY27 results.
What to watch next
Watch whether revenue stays above $100 million in the coming quarters. Also check whether the 16% adjusted EBITDA margin holds and whether healthcare and banking clients keep growing fast. Product revenue is another number to track, because it shows how much Fractal earns from its own platforms and not only from services. You can follow more quarterly numbers on our results page and daily stock moves on our markets page.
Words explained
- Net profit: The money left after a company pays all its costs, interest and taxes.
- Year-on-year: Comparing a quarter with the same quarter a year earlier, such as July to September 2026 with July to September 2025.
- Basis point: One-hundredth of one percentage point. So 123 basis points means 1.23 percentage points.
- Constant currency: Growth worked out as if exchange rates had not changed. It shows growth from the business alone.
- Revenue run-rate: What yearly revenue would be if the current pace continued for 12 months.
- Net revenue retention: How much existing clients spend now compared with before. 115% means the same clients spent ₹115 for every ₹100 they spent earlier.
- Net Promoter Score: A survey score that shows how likely clients are to recommend a company. Higher is better.
- Support and resistance: Price levels where chart readers expect buying (support) or selling (resistance) to show up.
Sources: Livemint, NDTV Profit, The Hindu BusinessLine.
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