Sonata Software’s sales and margins improve in the IT service segment: ICICI Direct

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Sonata Software Ltd. IT Services saw revenue grow 5.1% in QoQ ($ 41 million), mainly led by healthy growth in all regions.

The Ebitda margin for IT service improved by 451 basis points compared to the QoQ to 28.9%.

Domestic sales rose 110% qoq to Rs.1099.4 billion and the Ebitda margin fell 126 basis points qoq to 2.5%.

As a result, total revenue increased 74% qoq to Rs 1,396 billion and the Ebitda margin declined 297 basis points qoq to 8.2%.

Total after-tax profit decreased 6% from the quarter end to Rs 53.8 billion due to the one-time taxation of Rs 21.8 billion

Click the attachment to read the full report:

ICICI Direct Sonata Company Update.pdf

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