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  

Bookmark

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

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.