Fractal Analytics

Fractal delivered a strong Q3 FY26 with revenue of ₹854 croreCurrent reported value: ₹854 crore. No comparable prior figure is available in the source record., up 21% YoYCurrent reported value: 21% YoY. No comparable prior figure is available in the source record., driven by 78% YoY growthCurrent 78% YoY growth. Reported change: +78pp YoY. in healthcare & life sciences and 26% in BFSI. Gross margin expanded 17 bps to 47.2%Current reported value: 47.2%. No comparable prior figure is available in the source record., while adjusted EBITDA margin improved 43 bps to 17.8Current reported value: 17.8. No comparable prior figure is available in the source record.%. PAT crossed ₹100Current reported value: 100. No comparable prior figure is available in the source record. crore, up 10Current reported value: 10. No comparable prior figure is available in the source record.% YoY despite higher associate losses. Net revenue retention remained healthy at 114%Current 114%. Reported change: Flat YoY., and must-win clients grew to 127Current 127. Reported change: +14 vs Mar'25.. Management expects revenue growth to accelerate, aided by AI adoption and expansion of output-based contracts. Gross margin expansion and operating leverage should drive EBITDA margin improvement, though R&D investment (4.1% of revenue) will persist. Key risk: tariff uncertainty in CPG & retail, the largest vertical, could temper near-term growth.