BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Sonata Software Ltd. reported 6.8% QoQ growth in dollar revenues of Information Technology services segment mainly led by healthy growth in travel (due to low base), 17.5% QoQ growth in retail and 6.8% QoQ growth in distribution.
IT service Ebitda margin improved 98 basis points QoQ to 24.4%. IT service profit after tax increased 14% QoQ to Rs 43.6 crore.
Domestic revenues declined 23% QoQ while profit after tax increased 17% QoQ mainly due to higher operating margins.
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