Sonata Software: International Services Dollar revenue for FY'24 of 323.6 Mn grew 34.3% YoY; Domestic business delivered Gross contribution for FY'24 of 260.4 Cr 18.6% YoY growth in INR; The Board recommends a final dividend of ₹ 4.40 per share (FY'24 total dividend ₹ 7.90 per share)
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in ₹ Crores |
Description |
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For the Quarter ended |
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For the year 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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679.0 |
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696.8 |
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-3 % |
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533.5 |
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27 % |
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2,679.6 |
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1,920.4 |
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40 % |
Domestic- Products & Services |
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1,514.5 |
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1,800.3 |
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-16 % |
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1,383.4 |
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9 % |
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5,950.5 |
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5,540.4 |
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7 % |
Consolidated |
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2,191.6 |
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2,493.4 |
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-12 % |
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1,913.5 |
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15 % |
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8,613.1 |
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7,449.1 |
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16 % |
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EBITDA |
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International IT Services |
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143.2 |
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168.5 |
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-15 % |
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123.5 |
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16 % |
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627.7 |
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482.0 |
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30 % |
Domestic- Products & Services |
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56.2 |
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59.2 |
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-5 % |
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54.0 |
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4 % |
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228.3 |
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196.8 |
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16 % |
Consolidated |
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198.8 |
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227.2 |
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-12 % |
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176.6 |
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13 % |
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853.0 |
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675.0 |
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26 % |
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PAT before exceptional item |
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International IT Services |
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70.3 |
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85.9 |
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-18 % |
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74.8 |
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-6 % |
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319.8 |
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310.7 |
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3 % |
Domestic- Products & Services |
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40.1 |
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42.6 |
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-6 % |
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39.0 |
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3 % |
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163.3 |
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141.2 |
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16 % |
Consolidated |
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110.4 |
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128.5 |
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-14 % |
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113.8 |
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-3 % |
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483.2 |
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451.9 |
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7 % |
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PAT after exceptional item |
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International IT Services |
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70.3 |
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(88.8) |
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- |
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74.8 |
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- |
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145.1 |
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310.7 |
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- |
Domestic- Products & Services |
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40.1 |
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42.6 |
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-6 % |
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39.0 |
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3 % |
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163.3 |
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141.2 |
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16 % |
Consolidated |
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110.4 |
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(46.2) |
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- |
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113.8 |
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- |
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308.5 |
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451.9 |
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- |
Speaking on the quarterly results Mr. Samir Dhir, MD & CEO of the Company said, "We remain optimistic about our long-term vision and growth prospects. In FY24, our international business delivered industry leading 34.3% growth YoY. During the Q4, large deals decisioning delays & associated costs resulted in sequential degrowth both in our international revenue USD terms by 2.4% QoQ, and consolidated PAT of 14.1% QoQ. Despite Q4 and short-term headwinds, as we reflect on the year, we have taken significant steps towards our long-term goals."
Speaking on the results Mr.
Performance Highlights for the Q4'24 & FY'24:
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Consolidated:
- Revenues for Q4'24 at ₹
2,191.6 crores ; QoQ de-growth of 11.8%. Revenues for FY'24 at ₹8,613.1 crores ; YoY growth of 15.6%. - EBITDA for Q4'24 is ₹
198.8 crores ; QoQ de-growth of 12.5%. EBITDA for FY'24 at ₹853.0 crores ; YoY growth of 26.4%. - PAT for Q4'24 stood at ₹
110.4 Crores ; QoQ de-growth of 14.1%. PAT (before exceptional items) for FY'24 stood at ₹483.2 Crores ; YoY growth of 6.9%. -
Net Cash and equivalents of approximately ₹441.3 Crores (net of borrowings).
- Revenues for Q4'24 at ₹
-
International IT Services:
- Revenues for Q4'24 at ₹
679.0 crores ; QoQ de-growth of 2.6%. Revenues for FY'24 at ₹2,679.6 crores ; YoY growth of 39.5%. - Revenue for Q4'24 in USD at 81.7 Mn, QoQ de-growth of 2.4%. Revenue for FY'24 in USD at 323.6 Mn YoY growth of 34.3%.
- EBITDA for Q4'24 at ₹
143.2 crores ; QoQ de-growth of 15.2%. EBITDA for FY'24 at ₹627.7 crores ; YoY growth of 30.2% - PAT for Q4'24 stood at ₹
70.3 Crores ; QoQ de-growth of 18.2%. PAT (before exceptional items) for FY'24 stood at ₹319.8 Crores ; YoY growth of 2.9%. - DSO at 45 days (same as Q3'24)
- 18 New Customer added during the quarter.
- 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 for Q4'24 at ₹
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Domestic Products & Services
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- Revenues for Q4'24 at ₹
1,514.5 crores ; QoQ de-growth of 15.9%. Revenues for FY'24 at ₹5950.5 crores ; YoY growth of 7.4% - Gross contribution for Q4'24 at ₹ 64.8 Crs de-grew by 9.1% QoQ. Gross contribution for FY'24 at ₹ 260.4 Crs grew by 18.6% YoY
- EBITDA for Q4'24 at ₹
56.2 crores ; QoQ de-growth of 4.5%. EBITDA for FY'24 at ₹228.3 crores ; YoY growth of 16.0% - PAT for Q4'24 at ₹
40.1 crores ; QoQ de-growth of 5.9%. PAT for FY'24 at ₹163.3 crores ; YoY growth of 15.7%. - DSO at 36 days (same as Q3'24)
- Revenues for Q4'24 at ₹
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