Sonata Software consolidated revenue soars 51% qoq to Rs 2,260 crore in Q3FY23

25 Jan 2023 , 07:21 PM

Sonata Software, a leading Modernization and Digital Engineering Company, today reported its unaudited financial results for its third quarter ended and nine months ended December 31, 2022. 

Performance Highlights for the quarter:

Consolidated: 

• Revenues at Rs 2,260.8 crore, growth of 51% QoQ. 
• EBITDA at Rs172.8 crore, growth of 4% QoQ 
• Net Profit (PAT) at Rs 117.6 crore, growth of 4% QoQ 
• Cash and equivalents (net of borrowings) approximately Rs585 crore
• Consolidated DSO at 42 days.

Domestic Products & Services:

• Revenues at Rs1,773.6 crore: growth of 70.5% QoQ;
• Domestic business measured on absolute Gross Contribution. Gross margin for the Quarter at Rs56.7 crore vs Rs53.6 crore, growth of 5.8% QoQ. 
• Domestic business major revenue contribution from multiyear annuity enterprise sale.
• BITDA at Rs 51.7 crore: growth of 9.7% QoQ; 
• Net profit (PAT) at Rs36.3 crore QoQ growth of 6.5%

Speaking on the results, Samir Dhir, CEO of the Company said, ‘We are excited to report another quarter of strong financial performance, with industry leading QoQ revenue growth of 6.3% in INR terms (4.8% in USD terms) in the international business, and strong ROCE of 42% in the Domestic business. 

Our modernisation driven solutions enabled four large deal wins with Enterprise Clients in the quarter. Sonata was accorded ‘Microsoft Cloud Solution Provider’ status in recognition of our engineering expertise on Cloud and Data modernisation. We received the coveted Golden Peacock Award for excellence in Corporate Governance.’

 

At around 12:17 PM, Sonata Software was trading at Rs627.15 per share higher by 0.26% on the BSE.

For feedback and suggestions, write to us at [e-mail]