Fractal Analytics, a leading provider of artificial intelligence and analytics solutions, has reported a remarkable 109% year-on-year surge in its net profit for the fourth quarter of the fiscal year. The company's net profit stood at INR 45.2 crore, compared to INR 21.6 crore in the same period last year.
Revenue Growth and Performance
The company's revenue from operations also saw a significant uptick, rising 22% to INR 476.5 crore in Q4, up from INR 390.2 crore in the corresponding quarter of the previous fiscal. This robust performance was driven by strong client demand across sectors such as banking, financial services, insurance, and retail.
Key Financial Highlights
- Net Profit: INR 45.2 crore, up 109% YoY
- Revenue from Operations: INR 476.5 crore, up 22% YoY
- EBITDA: INR 68.3 crore, with margins improving to 14.3%
The company's EBITDA for the quarter stood at INR 68.3 crore, with margins improving to 14.3% from 12.8% in the same period last year. This margin expansion reflects operational efficiencies and better project execution.
Full-Year Performance
For the full fiscal year, Fractal reported a net profit of INR 138.7 crore, up 87% from INR 74.2 crore in the previous year. Annual revenue grew 24% to INR 1,760 crore, compared to INR 1,420 crore in the prior fiscal.
Management Commentary
Commenting on the results, Srikanth Velamakanni, Co-founder and CEO of Fractal, said, "Our strong Q4 performance caps off an exceptional year. We have seen robust demand for our AI solutions, particularly in financial services and retail. Our investments in talent and technology are paying off, and we are well-positioned for continued growth."
The company added 18 new clients during the quarter, including several Fortune 500 companies. Fractal also expanded its workforce by 12% to over 3,500 employees, with a focus on hiring data scientists and engineers.
Outlook
Looking ahead, Fractal expects to maintain its growth momentum in the coming quarters, driven by the increasing adoption of AI across industries. The company plans to invest in new product development and expand its presence in key markets such as North America and Europe.
