Sonata Software’s Revenues, Margins Improve In IT Service Segment: ICICI Direct
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ICICI Direct Report
Sonata Software Ltd. reported 5.1% QoQ growth in dollar revenues ($41 million) in IT services segment mainly led by healthy growth across geographies.
IT service Ebitda margin improved 451 basis points QoQ to 28.9%.
Domestic revenues increased 110% QoQ to Rs 1099.4 crore and Ebitda margin declined 126 basis points QoQ to 2.5%.
Hence, overall revenues increased 74% QoQ to Rs 1,396 crore and Ebitda margin declined 297 basis points QoQ to 8.2%.
Overall profit after tax declined 6% QoQ to Rs 53.8 crore due to one-time settlement of taxation of Rs 21.8 crore
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