Fractal Analytics, a company specializing in AI and analytics, experienced a significant 9% increase in its stock price, reaching ₹826 per share during early trading hours on the BSE. This surge was triggered by the company’s robust financial performance in the third quarter, where it reported an 8.5% rise in net profit to ₹100.1 Cr compared to the same period last year. Revenue from operations also saw substantial growth of nearly 21%, reaching ₹854.4 Cr in the quarter under review.
Founded in 2000, Fractal Analytics leverages data, machine learning, and AI to empower businesses in making informed decisions. Its clientele includes renowned companies like Nestle, Mars, Apple, and Microsoft. The company’s revenue is predominantly driven by international markets, with the US contributing the largest share, followed by Europe and Asia Pacific.
Following its recent IPO, Fractal Analytics marked its stock market debut with shares listing at ₹876 on the NSE and at ₹900 on the BSE. The company’s strong financial performance in the third quarter underscores its commitment to advancing AI applications in various sectors, particularly in healthcare and beyond.
Source: Inc42 Media