Fractal Analytics (FRACTAL IN) Q3FY26 Result Update Growth momentum continues, well positioned for platform & AI led transition BUY
The revenue performance (+5.0%/14.0% CC QoQ/YoY) was tad below our estimates, attributed to softness in CPG and TMT verticals. The softness in CPG was macro-oriented, while the weakness in TMT was more structural and client specific. Otherwise, ex-TMT (~70% of revenue) the growth looks encouraging across other verticals (up ~27%+ YoY). Fractal.ai (98% of revenue) grew at a...