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Company Update - Sonata Software - ICICI Direct

Posted On: 2021-10-24 14:49:37 (Time Zone: IST)


Sonata reported strong numbers in IT services, which largely compensate for a weak product business performance.

  • IT services dollar revenues increased 11% QoQ to US$49.5 million
  • Overall EBITDA margin improved 482 bps QoQ to 12.8%
  • Overall PAT increased 5% QoQ to Rs. 91.2 crore led by a strong operating performance

Key triggers for future price performance
  • With improved traction in retail, commodity & manufacturing and healthy demand for its travel client, we expect FY23E to witness robust growth in revenues
  • Upgrades in Microsoft Dynamics and tapping 1000 clients in the medium to large category bode well for revenue growth
  • Robust hiring trend & inorganic growth prompt us to build IT service dollar revenue growth of 24.4% CAGR over FY21-23E

For details, click on the link below: Link to the report

Shares of Sonata Software Limited was last trading in BSE at Rs. 798.70 as compared to the previous close of Rs. 834.15. The total number of shares traded during the day was 126005 in over 9496 trades.

The stock hit an intraday high of Rs. 841.65 and intraday low of 775.80. The net turnover during the day was Rs. 101157826.00.


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