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Published on: Thursday, Thu, 06 Feb 2025 ● 4 Min Read
BENGALURU, India, Feb. 6, 2025 -- Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leader in Modernization Engineering, today reported its unaudited financial results for its Quarter ended December 31, 2024.
in ₹ Crores | |||||||||||||||||
Description | For the Quarter ended | For the nine months ended | |||||||||||||||
31-Dec-24 | 30-Sep-24 | QoQ | 31-Dec-23 | YoY | 31-Dec-24 | 31-Dec-23 | YoY | ||||||||||
Revenues | |||||||||||||||||
International IT Services | 731.7 | 707.9 | 3 % | 696.8 | 5 % | 2,127.4 | 2,000.6 | 6 % | |||||||||
Domestic- Products & Services | 2,111.1 | 1,461.9 | 44 % | 1,800.3 | 17 % | 5,422.4 | 4,436.0 | 22 % | |||||||||
Consolidated | 2,842.8 | 2,169.8 | 31 % | 2,493.4 | 14 % | 7,540.1 | 6,421.5 | 17 % | |||||||||
EBITDA# | |||||||||||||||||
International IT Services | 107.1 | 128.9 | -17 % | 157.3 | -32 % | 364.8 | 445.7 | -18 % | |||||||||
Domestic- Products & Services | 56.4 | 48.4 | 17 % | 50.3 | 12 % | 152.2 | 137.6 | 11 % | |||||||||
Consolidated | 163.6 | 177.3 | -8 % | 207.7 | -21 % | 517.1 | 583.3 | -11 % | |||||||||
PAT after exceptional item | |||||||||||||||||
International IT Services | 56.9 | 62.2 | -8 % | (88.8) | - | 184.2 | 74.9 | - | |||||||||
Domestic- Products & Services | 48.1 | 44.3 | 8 % | 42.6 | 13 % | 132.8 | 123.3 | 8 % | |||||||||
Consolidated | 105.0 | 106.5 | -1 % | (46.2) | - | 317.1 | 198.1 | - | |||||||||
PAT before exceptional item | |||||||||||||||||
International IT Services | 56.9 | 62.2 | -8 % | 85.9 | -34 % | 184.2 | 249.5 | -26 % | |||||||||
Domestic- Products & Services | 48.1 | 44.3 | 8 % | 42.6 | 13 % | 132.8 | 123.3 | 8 % | |||||||||
Consolidated | 105.0 | 106.5 | -1 % | 128.5 | -18 % | 317.1 | 372.8 | -15 % | |||||||||
#EBITDA (before Other Income & Fx) | |||||||||||||||||
Speaking on the quarterly results, Mr. Samir Dhir, MD & CEO of the Company said, "In Q3'25, our International business delivered 4.4%(CC) QoQ growth and EBIDTA drop due to onetime cost items. During the quarter, we won two large deals, our first multi-million-dollar deal on Microsoft Fabric, and for Gen AI modernization. We remain optimistic about our long-term vision and growth prospects of Sonata."
Speaking on the results, Mr. Sujit Mohanty, MD & CEO of Sonata Information Technology Limited said, "We had one of our best quarter's performances delivered in our Domestic Business during the quarter. We had good wins from New corporate customers and the defence sector during this quarter and we also have renewed all the large contracts with our customers for Software and Hyperscaler business. We also increased our Security Business with our existing clients during this quarter."
Performance Highlights for the Q3'25:
About Sonata Software
In today's market, there is a unique duality in technology adoption. On one side, extreme focus on cost containment by clients, and on the other, deep motivation to modernize their Digital storefronts to attract more consumers and B2B customers.
As a leading Modernization Engineering company, we aim to deliver modernization-driven hypergrowth for our clients based on the deep differentiation we have created in Modernization Engineering, powered by our Lightening suite and 16-step Platformation™ playbook. In addition, we bring agility and systems thinking to accelerate time to market for our clients.
Headquartered in Bengaluru, India, Sonata has a strong global presence, including key regions US, UK, Europe, APAC, and ANZ. We are a trusted partner of world-leading companies in TMT (Telecom, Media, and Technology), Retail & CPG, Manufacturing, BFSI (Banking, Financial Services and Insurance), and HLS (Healthcare and Lifesciences) space. Our bouquet of Modernization Engineering Services cuts across Cloud, Data, Dynamics, Contact Centers, and around newer technologies like Generative AI, MS Fabric, and other modernization platforms.
For more information, please visit https://www.sonata-software.com/
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