Sonata Software Ltd.'s profit stood at Rs 105 crore in the quarter ended December 2024, sequentially down 1.4% as compared to Rs 106 crore in the previous quarter of the current fiscal, as per the consolidated financial results declared by the company on Thursday.
The software provider's revenue surged to Rs 2,843, denoting a 31% rise for the October-December quarter from Rs 2,170 crore in the second quarter of the present financial year.
The company's earnings before interest, tax, depreciation and amortisation dipped by 9% to Rs 131 crore for the quarter under review as against Rs 144 crore in the last quarter of fiscal 2025.
Its margins narrowed at 4.6% for the third quarter against 6.7% for the July-September quarter of the current financial year.
Sonata Software Q3FY25 Highlights (Consolidated, QoQ)
Revenue up 31% to Rs 2,843 crore versus Rs 2,170 crore.
Ebitda down 9% to Rs 131 crore versus Rs 144 crore.
Net profit down 1.4% to Rs 105 crore versus Rs 106 crore.
Ebit margin down to 4.6% versus 6.7%.
Samir Dhir, managing director and chief executive officer of Sonata said that in the third quarter of fiscal 2025, the company's international business delivered 4.4%(CC) QoQ growth and Ebitda 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," he said.
Sonata's 46% of current orders consist of large deals while 44% of these deals received are from fortune 500 clients. In the third quarter, it bagged two large deals which includes multinational mining and manufacturing corp. in the EU and technology service for transportation and logistics in the US.
Shares of Sonata closed 0.30% higher at Rs 551.60 apiece on the NSE, compared to a 0.39% lower in the benchmark Nifty 50.
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