Fractal Analytics Limited · NSE:FRACTAL
Fractal Analytics — Q1 FY27 Earnings Presentation
44 slides from Fractal Analytics's earnings presentation, Jul 23, 2026
Slide 1: Exchange cover letter for Investor Presentation
Ref./No./FRACTAL/SE/2026-27/033 Date: July 23, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai 400051 Mumbai 400 001 Maharashtra, India Maharashtra, India Scrip
Slide 2: Performance Update - Q1 FY27
Performance Update - Q1 FY27 July 23, 2026 1
Slide 3: Safe Harbor Statement
Safe Harbor Statement Certain statements in this presentation concerning our future growth prospects are forward-looking statements. These statements are subject to substantial known and unknown risks, uncertainties and other factors, which may cause actual results or outcomes to differ materially f
Slide 4: Financial Performance
Financial Q1 FY27 Revenue ▲20% Performance Net Income ▲92% 3
Slide 5: Q1'27 Fractal Group: 92% increase in Net Income from Margin Expansion and Revenue Growth
Q1’27 Fractal Group: 92% increase in Net Income from Margin Expansion and Revenue Growth Growth Profitability Other highlights INR 9,125m▲20% YoY 1 46%▲29 bps YoY 6.7%▲55 bps YoY Revenue from operations Gross Margin R&D investments4 117% 77▲ 17%▲189 bps YoY INR (1,030m)▲20% YoY Net Revenue Net Promo
Slide 6: Q1'27 Fractal.ai: Existing clients continue to expand their relationships
Q1’27 Fractal.ai: Our existing clients continue to expand their relationships with us Net Revenue Retention (NRR) 3% 21% - 0% 17% 117% Q1’27 (INR) Existing clients New clients Churn Growth% Net Revenue Retention (NRR) in our Fractal.ai segment measures how effectively we retain and expand revenue fr
Slide 7: Fractal continues to be one of the most respected brands in AI
Q1’27: Fractal continues to be one of the most respected brands in AI Industry-leading Net Promoter Score (NPS) 1 for Fractal.ai 77 Q1’27 ▲4 pts YoY 100 73 81 74 80 80 77 78 75 73 78 77 81 77 50 0 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 1 Net Promoter Score (NPS
Slide 8: Fractal.ai: Diversified revenue base across industries and geographies
Q1’27 Fractal.ai: We have a diversified revenue base, with robust growth across most industries & geographies Revenue by industry (Q1’27) – Fractal.ai Revenue by geography (Q1’27) – Fractal.ai YoY Others APAC & 7.7% CPGR ▲19% Others YoY 11.2% BFSI HLS ▲69% Americas ▲24% 13.0% Europe CPGR TMT* ▼ 22%
Slide 9: Fractal.ai: Overall growth reflects continued strengthening of client relationships
Fractal.ai: Overall growth reflects continued strengthening of client relationships Clients by TTM Revenue Contribution TTM June-25 TTM June-26 Fractal has scaled >$1m 54 58 client relationships with significant of which, 18 19 >$5m headroom for growth of which, >$10m 6 9 of which, >$20m 4 5 8
Slide 10: Fractal Group: Steady improvement in profitability continues
Fractal Group: Steady improvement in profitability continues Q1’27 Gross Margin (INR Mn) +21% YoY, +29 bps ▲ Q1’27 Adjusted EBITDA (INR Mn) +35% YoY, +189 bps ▲ 4,800 50% 4,300 4,170 49% 2,000 24% 3,800 3,454 48% 1,537 22% 1,500 3,300 47% 1,137 20% 2,800 46% 18% 2,300 46% 45% 1,000 45% 17% 16% 1,800
Slide 11: Q1'27 Fractal Alpha: Continued investments in Alpha
Q1’27 Fractal Alpha: Continued investments in Alpha All values in INR m, except % Revenue & Gross Margin Adjusted segment results 300 150% Q1'26 Q1'27 130% 250 240 +20% 110% 201 200 90% 72% (42) 150 65% 70% 50% 100 30% 50 10% - -10% Q1'26 Q1'27 (140) Revenue Gross margin 10 To strengthen the AI for
Slide 12: Fractal Group: Q1'27 Net Income at INR 723m, +92% growth YoY
Fractal Group: Q1’27 Net Income at INR 723m, +92% growth YoY All values in INR m, except % INR 723m 0.4% 7.9% 0.8% 7.3% 0.3% 0.3% 0.2% 1.6% INR 377m -0.7% 0.3% 5.0% Q1'26 Net Gross Margin SG&A, R&D ESOP & One Depreciation & Tax Exceptional Net income Operational PAT Other income Share of loss of Q1'
Slide 13: Fractal Group: Improvement in Balance sheet and Cashflow metrics
Fractal Group: Improvement in Balance sheet and Cashflow metrics All values in INR m, except % Cash flow from operations Days of sales outstanding (DSO) Cash and cash equivalents 16,378 73 Q1'26 Q1'27 71 6,891 -100 20 17 -300 -500 -700 -900 53 54 9,487 7,123 -1,030 -1,100 -1,300 -1,287 Q1'26 Q1'27 Q
Slide 14: Business Highlights
Business Highlights 13
Slide 15: R&D backed products: Diversified suite gaining traction
R&D backed products: Diversified suite gaining traction $4m $9m (+59% YoY) $4m (+40% YoY) Qualified Pipeline1 Annual Run Rate (Q1’27) Revenue 2 TTM June-26 10+ 20 9 Clients globally Clients globally Clients globally 10+ $60Bn+ 90 Industries Total portfolio revenue managed NPS Q1’27 R&D Investments:
Slide 16: Partnerships: Gaining momentum in driving enterprise AI adoption
Partnerships: Gaining momentum in driving enterprise AI adoption Certifications Anthropic OpenAI Joint Preferred Services Partner Advanced Partner 42 engagements TTM (Jun ’26) ~1,900 Across 7 partner programs Claude Partner Network as of 30 Jun ‘26 Top collaborative deal wins in Q1 FY27 Databricks A
Slide 17: AI underwriting for a US housing finance institution (1/2)
AI-led Transformation AI Foundations AI Work & Workforce Underwriters at a leading US housing finance institution were spending about a week to underwrite a multifamily deal (1/2) Fractal built an AI-powered underwriting system that accelerates consistent, evidence-backed, and fully auditable lendin
Slide 18: AI underwriting for a US housing finance institution (2/2)
AI-led Transformation AI Foundations AI Work & Workforce Underwriters at a leading US housing finance institution were spending about a week to underwrite a multifamily deal (2/2) Before · Manual Underwriting (~1 week) After · AI-Driven Underwriting (~50% faster) New complex loan (exception) New com
Slide 19: AI fuel pricing for a Fortune 50 US retailer (1/2)
AI-led Transformation AI Foundations AI Work & Workforce Fortune 50 US retailer was taking 5-8 hours to adjust fuel price across hundreds of gas stations (1/2) Fractal built an AI-powered fuel pricing engine that turns pricing from reactive to proactive in near real time The platform refreshes compe
Slide 20: AI fuel pricing for a Fortune 50 US retailer (2/2)
AI-led Transformation AI Foundations AI Work & Workforce Fortune 50 US retailer was taking 5-8 hours to adjust fuel price across hundreds of gas stations (2/2) Before · Manual Pricing (5–8 hrs) After · AI-Driven Pricing (15 min) Adjust fuel price Adjust fuel price Competitor data refresh Real-time d
Slide 21: Fortune 50 US Payer turns engineers into AI-native FDEs
AI-led Transformation AI Foundations AI Work & Workforce A Fortune 50 US Payer wants to transform its top engineering talent into AI-native FDEs to drive client value acceleration Fractal built a hands-on program to turn engineers into deployment-ready FDEs in three weeks The program combines highly
Slide 22: Cogentiq Data Science: The Data Scientist at scale
Cogentiq Data Science: The Data Scientist at scale A PE firm wants to generate faster, explainable insights into the business performance of their portfolio companies to support strategic discussions Cogentiq Data Science automates the machine learning workflow end-to-end: from data preparation thro
Slide 23: Cogentiq Health: Mumbai's health intelligence layer with BMC
Cogentiq Health: Mumbai’s health intelligence layer with BMC Improving citizen access, doctor preparedness and public health visibility Reimagine 16 million+ Patient-Doctor OPD visits Interactions per year Simplify 3 million+ Lab Reports related lab reports Experiences per year Create 200+ Health In
Slide 24: Corporate Overview
Corporate Overview 23
Slide 25: Fractal at a glance
We are We are a globally recognized pure-play enterprise AI company trusted by 100+ Fortune 500®-sized enterprises to power decision-making through AI services, solutions, and products, anchored by Cogentiq, our flagship agentic AI platform. Fractal at a glance 34,517 47% 9% 58 6.7% 6,029 73 +19% Yo
Slide 26: Three pillars. One platform. One Go To Market.
Three pillars. One platform. One Go To Market. Our client proposition is organized around three integrated AI pillars - interpreting the AI-native enterprise across people, process, and technology - all powered by Cogentiq. AI-led Transformation AI Foundations AI Work & Workforce AIT AIF AIW The Pro
Slide 27: Integrated, end-to-end AI capabilities
Integrated, end-to-end AI capabilities DOMAIN CAPABILITIES AI PRODUCTS AGENTIC AI Banking, Financial Services and cogentiq Insurance Retail Platform & Products SOLUTION TOWERS Consumer Packed Goods AIT AI-led Transformation GENERATIVE AI Healthcare & AIF Life Sciences AI Foundation CLIENT PRIORITIES
Slide 28: Our strategy: How to win
Our strategy: How to win Accelerate this Help Must Win Partner with Continue to journey with Accelerate our Clients (MWCs1) winning AI build an AI- Cogentiq and success through transform their platform native “great other reusable M&A business with AI companies place to work” assets 1MWCs are define
Slide 29: Help MWCs transform their business with AI
1 2 3 4 5 Help MWCs1 transform their business with AI Help CXOs reimagine every workflow and business process with AI Help CIOs and CAIOs modernize tech and build an UK ontological layer on their data US & Canada Europe Middle East Help CLOs and CHROs reimagine work and upskill workforce with AI Aus
Slide 30: Accelerate client success with Cogentiq and reusable assets
1 2 3 4 5 Accelerate client success with Cogentiq and reusable assets Reimagine every delivery with PiEvolve and Cogentiq Commercialize functional and vertical AI products on Cogentiq Demonstrate frontier AI results PiEvolve, Vaidya & IndiaAI Mission 29
Slide 31: Partner with leading technology companies
1 2 3 4 5 Partner with leading technology companies Partners Build relationships with partner teams in our mutual A clients/customers and leverage partner resources to enhance client acquisition, expansion and lead generation Frontier AI Labs Incorporate existing partner offerings in our services an
Slide 32: Continue to build a Great Place to Work
1 2 3 4 5 Continue to build a Great Place to Work Hiring Principles Hire talent through robust & scalable channels Fractal First • Iqigai.ai: Our AI powered hiring Continuous learning and specialization All hires are for Fractal first, and assessment platform for our employees then for the specific
Slide 33: Complement our growth and expand capabilities inorganically
1 2 3 4 5 Complement our growth & expand capabilities inorganically Our acquisition principles CLIENT CENTRICITY Strengthen our client OPTIMIZE PROCESSES focus and our commitment to client De-risk the capital INTEGRATION centricity by allocation process and Collaborate with enhancing our existing OR
Slide 34: Capital structure: Strong balance sheet to fund future growth
Capital structure: Strong balance sheet to fund future growth INR 16,378m 70% Zero Cash and cash equivalents1 CFO as % of Adj. EBITDA2 Long term debt3 Positions us to move Strong cash conversion Creates significant faster, fund early-stage ensures self-funded headroom to fund bets, and accelerate gr
Slide 35: Fractal's ESG focus and milestones
Fractal’s ESG focus and milestones Environmental Sustainability Social Impact, Equity and Inclusion Key Governance Frameworks • Aiming for net zero emissions by or • Certified a Great Place to Work for • Strong IT systems that follow global before 2040 10 years in India (and multiple years security
Slide 36: Awards and Recognition
Awards and Recognition 35
Slide 37: Industry Recognition
Industry Recognition Leader Supply Chain Analytics 2026- ISG Two years in a row Data Engineering Service Providers 2026 - AIM Three years in a row Generative AI 2026 - AIM Four years in a row Key Vendor Enterprise Intelligence Services 2026 - IDC Microsoft for Industry Partner Ecosystem, 1Q26 - IDC
Slide 38: Industry Recognition
Industry Recognition Gold for Best In Top 100 Certification Program 37
Slide 39: Thank you
Thank you For more details on our performance, prefer refer to the Shareholders’ letter and results at https://fractal.ai/investor-relations Investor Relations Contact Phone: +91 22 6850 5800 Email: investorrelations@fractal.ai 38
Slide 40: Fractal Group: Key financials
Fractal Group: Key financials All values in INR m, except % Particulars Q1 FY27 Q1 FY26 Growth Revenue 9,125 7,605 20% Cost of Solutions 4,955 4,152 19% Gross Profit 4,170 3,454 21% Gross Profit Margin 45.7% 45.4% 0.3pts SG&A 2,220 1,995 11% R&D 413 322 28% Adjusted EBITDA 1,537 1,137 35% Adjusted E
Slide 41: Fractal.ai: Growth in every bracket shows deepening client relationships
Fractal.ai: Growth in every bracket shows deepening client relationships Clients by Annual Revenue Contribution (Fractal.ai) FY2023 FY2024 FY2025 FY2026 Fractal has scaled >$1m 45 48 53 59 client relationships with significant of which, 19 >$5m 10 11 15 headroom for growth of which, >$10m 5 5 6 9 of
Slide 42: Fractal Group: Steady YoY improvement in profitability
Fractal Group: Steady YoY improvement in profitability Q1’27 Gross Margin (INR Mn) +21% YoY, +29 bps ▲ Q1’27 Adjusted EBITDA (INR Mn) +35% YoY, +189 bps ▲ 1,959 4,274 4,800 50% 4,300 4,031 4,170 49% 2,000 24% 3,617 3,690 3,800 3,454 48% 1,531 1,521 1,537 22% 48% 22% 48% 1,500 3,300 47% 1,195 20% 2,8
Slide 43: Q1'27 Fractal Alpha: Continued investments in Alpha
Q1’27 Fractal Alpha: Continued investments in Alpha All values in INR m, except % Revenue & Gross Margin Adjusted segment results 300 150% Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 130% 250 243 241 240 216 110% 201 200 90% (42) 150 70% 72% 75% 75% 62% 65% 50% (84) 100 (85) 30% (111) 50 10% - -10% Q1'26 Q2'26 Q3
Slide 44: Shareholding
Shareholding Weighted avg. Cash inflow on Category Count strike price exercise (INR Mn) Outstanding shares 171,965,112 ESOP 2007 & 2019 13,496,342 447 6,035 MIP Time based 2,635,235 205 540 MIP Performance based 9,730,817 198 1,925 Fully diluted shares* 197,827,506 8,500 *Excludes reserved, not gran