Sonata Software Delivers Revenue Growth of 4.4% (CC) QoQ in International Services, Domestic Business Delivers Gross Contribution Growth of 16.7% QoQ
Bengaluru, February 06, 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 | ||||||
| Revenues | 31-Dec-24 | 30-Sep-24 | QoQ | 31-Dec-23 | YoY | 31-Dec-24 | 31-Dec-23 | YoY |
| 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 one-time 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 this 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:
International IT Services:
- Revenues for Q3’25 at ₹ 731.7 Crores; QoQ growth of 3.4%.
- Revenue for Q3’25 in USD at 87 Mn, QoQ growth of 2.8% and YoY growth of 3.9%.
- EBITDA (Before Other Income & Fx ) for Q3’25 at ₹ 107.1 crores; QoQ de-growth of 16.9%.
- PAT for Q3’25 stood at ₹ 56.9 Crores; QoQ de-growth of 8.4%.
- DSO at 47 days (Q2’25 45 days)
- 11 New Customer added during the quarter.
Domestic Products & Services:
- Gross contribution for Q3’25 at ₹ 81.9 Crores; QoQ growth of 16.7%.
- EBITDA (Before Other Income and Fx) for Q3’25 at ₹ 56.4 crores; QoQ growth of 16.6%.
- PAT for Q3’25 at ₹ 48.1 Crores; QoQ growth of 8.5%.
- DSO at 41 days (Q2’25 35 days)
- ROCE of 48.5% in Q3’25 (Q2’25 45.2%)
- RONW of 47.7% in Q3’25 (Q2’25 44.6%)
Consolidated:
- EBITDA for Q3’25 is ₹ 163.6 Crores; QoQ de-growth of 7.8%.
- PAT for Q3’25 stood at ₹ 105 Crores; QoQ de-growth of 1.4%.
- Cash and cash equivalents (net) of approximately ₹ 176 Crores.