ScoutQuest4 Nov 2026
Fractal Analytics544700Quarterly results

Fractal Analytics Q2 FY27: revenue up 20% to INR 9,565m, net income up 139% to INR 792m

Q2 FY27 revenue up 20% to INR 9,565m, adjusted EBITDA up 30% with margin up 123 bps to 16.2%, net income up 139% to INR 792m.

By ScoutQuest · · 1 min read

18,690 (INR m)
Q2 FY279,565 (INR m)H1 FY2718,690 (INR m)
Revenue: 9,565 (INR m) (Q2 FY27) and 18,690 (INR m) (H1 FY27).
Q2 FY27 Revenue
INR 9,565m, up 20% year on year
Q2 FY27 Adjusted EBITDA
INR 1,549m up 30% at a 16.2% margin (+123 bps)
Q2 FY27 Net Income
INR 792m up 139%
Period
Quarter and six months ended 30 Sep 2026
Positioning
Fractal presents itself as an enterprise AI lab powering decisions and agentic actions, organised around domain capabilities, solution towers (AIT, AIF, AIW) and an AI product portfolio spanning agentic, generative and classical AI.

📉 Q2 FY27 revenue was INR 9,565m, up 20% year on year, with adjusted EBITDA of INR 1,549m up 30% at a 16.2% margin (+123 bps) and net income of INR 792m up 139%; gross margin, however, fell 225 bps to 44.0%, which the company attributes to short-term investment in AI engineering talent.

🏭 For H1 FY27 revenue was INR 18,690m, up 20% year on year, adjusted EBITDA INR 3,086m up 32% at a 16.5% margin (+155 bps) and net income INR 1,515m versus INR 709m a year earlier, with management crediting operating leverage for the margin expansion.

📈 The reported EBITDA line of INR 1,557m, up 71%, carries a much smaller ESOP and retention bonus charge of INR 48m against INR 226m a year earlier and no exceptional items versus INR 48m, so reported EBITDA growth runs well ahead of the 30% rise in adjusted EBITDA.

📉 On the balance sheet the company reports cash and cash equivalents of INR 17,277m at Sep-26 including INR 6,078m of IPO proceeds, zero long-term debt after IPO proceeds were used to retire debt in April 2026, and CFO at 62% of adjusted EBITDA on a TTM Sep-26 basis; but days of sales outstanding rose to 76 from 71 and quarterly cash flow from operations fell to INR 793m from INR 1,074m.

More numbers
  • Revenue, Q2 FY279,565 (INR m)
  • Adjusted EBITDA, Q2 FY271,549 (INR m)
  • Net Income, Q2 FY27792 (INR m)
  • Adjusted EBITDA margin, Q2 FY2716.2%
  • Gross Profit Margin, Q2 FY2744.0%
  • Revenue, H1 FY2718,690 (INR m)
  • Net Income, H1 FY271,515 (INR m)
  • Cash and cash equivalents, Sep-26INR 17,277m
  • CFO as % of Adj. EBITDA, TTM Sep-2662%
  • Days of sales outstanding, Q2'2776
Source: BSE · 4 Nov 2026

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