Sonata Software’s Revenues, Margins Improve In IT Service Segment: ICICI Direct  
A person uses a laptop computer while working. (Photographer Daniel Acker/Bloomberg)

Sonata Software’s Revenues, Margins Improve In IT Service Segment: ICICI Direct  


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 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

Click on the attachment to read the full report:

ICICI Direct Sonata Company Update.pdf


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