Sonata Software: International Services delivered Industry leading Dollar revenue growth; up 3.5% QoQ (38.3% YoY); Domestic business delivered strong Gross contribution growth of 14.2% QoQ (25.8% YoY) in INR
in ₹ Crores |
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Description |
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For the Quarter ended |
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For the nine months ended |
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QoQ |
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YoY |
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YoY |
Revenues |
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International IT Services |
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696.8 |
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670.0 |
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489.6 |
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4 % |
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42 % |
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2,000.6 |
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1,386.8 |
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44 % |
Domestic- Products & Services |
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1,800.3 |
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1,244.0 |
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1,773.6 |
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45 % |
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2 % |
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4,436.0 |
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4,156.9 |
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7 % |
Consolidated |
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2,493.4 |
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1,912.6 |
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2,260.8 |
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30 % |
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10 % |
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6,421.5 |
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5,535.6 |
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16 % |
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EBITDA |
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International IT Services |
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168.5 |
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165.0 |
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123.2 |
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2 % |
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37 % |
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484.1 |
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358.6 |
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35 % |
Domestic- Products & Services |
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59.2 |
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56.4 |
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51.7 |
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5 % |
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14 % |
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172.1 |
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142.8 |
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21 % |
Consolidated |
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227.2 |
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220.5 |
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172.8 |
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3 % |
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31 % |
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654.2 |
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498.4 |
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31 % |
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PAT after exceptional item^ |
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International IT Services |
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(88.8) |
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83.7 |
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81.3 |
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- |
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- |
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74.9 |
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235.9 |
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- |
Domestic- Products & Services |
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42.6 |
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40.5 |
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36.3 |
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5 % |
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17 % |
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123.3 |
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102.2 |
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21 % |
Consolidated |
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(46.2) |
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124.2 |
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117.6 |
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- |
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- |
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198.1 |
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338.1 |
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- |
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PAT before exceptional item^ |
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International IT Services |
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85.9 |
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83.7 |
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81.3 |
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3 % |
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6 % |
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249.5 |
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235.9 |
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6 % |
Domestic- Products & Services |
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42.6 |
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40.5 |
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36.3 |
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5 % |
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17 % |
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123.3 |
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102.2 |
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21 % |
Consolidated |
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128.5 |
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124.2 |
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117.6 |
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3 % |
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9 % |
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372.8 |
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338.1 |
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10 % |
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^ ). The above changes in fair value of contingent consideration payable amounting to
Speaking on the quarterly results Mr.
Speaking on the results Mr.
Performance Highlights for the quarter:
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Consolidated:
- Revenues at ₹
2,493.4 crores ; QoQ growth of 30% - EBITDA at ₹
227.2 crores ; QoQ growth of 3% - PAT before exceptional item stood at ₹
128.5 Crores ; QoQ growth of 3%. -
Net Cash and equivalents of approximately ₹228 Crores (net of borrowings).
- Revenues at ₹
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International IT Services:
- Revenues at ₹
696.8 crores ; QoQ growth of 4% - Revenue in USD at 83.7 Million, QoQ revenue growth of 3.5% & YoY 38.3% in USD terms
- EBITDA at ₹
168.5 crores ; QoQ growth of 2% - PAT before exceptional items stood at ₹
85.9 Crores , QoQ growth of 3% - DSO at 45 days (Q2'24: 45 days)
- 13 New Customer added during the quarter
- Overall strategy of delivering outcome-based Modernization services using our Domain-Led and technology-based Modernization anchored by GTMs executed through Platformation™
- Strong growth from digital based competencies like Managed cloud services and Digital Platformation™ Services (Microsoft & Open source) and focused verticals like TMT, Healthcare & Life Sciences, Manufacturing, Retail / CPG/ TTH, BFSI and Emerging
- Our pipeline continues to be healthy and strong through multiple new digital wins from existing and new customers.
- Revenues at ₹
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Domestic Products & Services
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- Revenues at ₹
1,800.3 crores ; QoQ growth of 45% - Gross contribution at ₹ 71.3 Crs grew by 25.8% YoY
- EBITDA at ₹
59.2 crores ; QoQ growth of 5% - PAT at ₹
42.6 crores ; QoQ growth of 5% - DSO at 36 days (Q2'24: 35 days).
- Revenues at ₹
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