Fractal Analytics Limited (NSE: FRACTAL) announced its consolidated financial results for Q2 FY27, ending September 30, 2026. In this quarter, the company reported consolidated operating revenue of Rs 9,565 Cr, marking a significant milestone as it delivered its first-ever $100 million revenue quarter. This impressive growth of 20% year on year (YoY) and 10% in constant currency terms YoY was driven by robust performance across its industry verticals.

Industry Verticals Performance

Revenue growth was notably led by the Healthcare and Life Sciences (HLS) industry, which clocked 79% growth YoY. The Banking, Financial Services and Insurance (BFSI) sector also performed exceptionally well, growing 30% YoY in Q2. Additionally, the company has demonstrated strong sustained growth in HLS and BFSI over the past several quarters. The Consumer Packaged Goods and Retail (CPGR) vertical grew 11% YoY, while the Technology, Media and Telecommunications (TMT) sector saw a strong sequential recovery with 6% QoQ growth.

Financial Highlights

Fractal’s focus on deepening customer relationships continues to yield good outcomes. Its clients collectively increased their spending with the company, as reflected in the Net Revenue Retention of 115% in Q2. The company’s Net Promoter Score (NPS) during the period stood at 76. The company reported improved profit margins at all levels. Adjusted EBITDA Margin expanded by 123 bps YoY to 16%. Net Income grew 139% YoY to Rs 792 Cr.

Srikanth Velamakanni, Co-founder and Group CEO, commented on the performance: “AI models are getting more capable every week and cheaper every quarter. Within the next few quarters, we will cross a threshold where it becomes irresponsible and downright risky for companies to leave their most important decisions unchanged. We are building Fractal for that moment, and this quarter shows it: revenue crossed $100 million and net income more than doubled.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Fractal Analytics Limited

Fractal Analytics Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.

Fractal falls 15.0% over three months and has not found a floor yet. The PEG reaches 3.04. The stock trades on brand and index weight, not on growth. Thin margins at 9.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock sits at 10% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 18.5% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Fractal Analytics Limited.

One Mobikwik Systems Limited (NSE: MOBIKWIK) has announced its earnings results for the quarter ended September 30, 2026 (Q2 FY27), marking a significant milestone with its highest-ever quarterly Profit After Tax (PAT) and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). The company reported a PAT of ₹11.8 crore, a positive swing of ₹40.4 crore year-on-year (YoY), and an EBITDA of ₹22.7 crore, reflecting a robust performance.

Record Financial Performance

The strong financial results were driven by accelerating gross merchandise value (GMV) growth and improved operating performance across its businesses. Platform GMV reached an all-time quarterly high of ₹59,677 crore, reflecting a 35% YoY growth in the Payments Business. Lending disbursals grew 34% YoY to ₹1,082.6 crore in Q2 FY27, compared with ₹807.1 crore in Q2 FY26. Revenue from operations increased to ₹295.7 crore, up 9% YoY, while total income stood at ₹302.8 crore.

AI-Led Innovation Drives Growth

MobiKwik is scaling AI-led innovation across Engineering, Lending, Customer Experience, and Risk Management, aiming to become an AI-first organization by FY28. AI now generates 92% of the company’s code, contributing to a 55% faster go-to-market. Its AI-powered collections platform facilitates 55% of early collections and has improved collection rates by 33%, with 30-40% higher connect rates through voice AI.

In Customer Experience, 91% of customer queries are solved by a Help LLM and 100% of our customer connects are audited for quality by AI. In Risk Management, AI is at the heart of our operations. 100% of our PRDs are assessed for risk by an AI Agent, 100% AI-led fraud pattern detection, and 40-70% of fraud-related grievances are solved by AI. These initiatives reflect MobiKwik’s focus on embedding AI into core functions to build a more efficient operating model.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of One Mobikwik Systems Limited

One Mobikwik Systems Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.

One holds in the upper half of its 52-week range, a sign the market backs the stock. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 63% of its 52-week range with RSI at 56. In other words, neither side has a clear edge right now. Price climbs recently despite 27.5% revenue growth and a PEG of 99.00. Consequently, either institutions position ahead of improvement or the move fades when earnings disappoint. Treat this as a trading signal, not an investment thesis. Check Fundamentals of One Mobikwik Systems Limited.

Pine Labs Limited (NSE: PINELABS) has announced its Q2 FY27 results, showcasing a robust performance with revenue growth accelerating to 24% year-on-year (YoY). The company’s Digital Infrastructure and Transaction Platform (DITP) and Issuing and Acquiring Platform (IAP) have both delivered impressive growth metrics.

Revenue and Profitability

The revenue from operations surged by 24% YoY to ₹806 crore, while the contribution margin improved to 18%. The Adjusted EBITDA grew by 27% YoY to ₹155 crore, and the profit after tax (PAT) jumped to ₹39 crore, reflecting the company’s strong financial health.

Key Metrics and Growth Drivers

Pine Labs’ platform gross transaction value (GTV) reached $46.5 billion (₹445,000 crore), with digital checkout points (DCPs) increasing by 17% YoY to 22.3 lakh. The number of transactions and digital checkout points (DCPs) also saw significant growth, with mid-market DCPs base growing by 49% YoY.

The company’s focus on partnerships with global tech players has deepened Tap & Pay and UPI acceptance, contributing to the 77% YoY growth in UPI GTV. Additionally, the expansion of affordability TAM through Q-commerce, UPI-based, non-consumer electronics, and international markets has driven a 31% YoY revenue growth.

Future Outlook

Pine Labs remains optimistic about sustaining this growth pace into H2 FY27, anchored by the breadth of growth engines contributing to the top line. The company’s confidence in continuing this momentum is bolstered by merchant acquisition, deeper monetization of the installed base, newer products and use cases, and international expansion.

Pine Labs continues to innovate, winning transactions, and making commerce seamless, with new value pools and strategic partnerships driving future growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Pine Labs Limited

Pine Labs Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.

Pine posts a 7.8% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. The stock gives back 11.1% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 21.0% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Pine Labs Limited.