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Sonata Software Results: Latest Quarterly Results & Analysis

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Sonata Software Ltd. 13 Nov 2025 18:20 PM
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Q2FY26 Quarterly Result Announced for Sonata Software Ltd.

IT Consulting & Software company Sonata Software announced Q2FY26 results

  • Revenue for Q2FY26 stood at Rs 2,119.3 crore, a decline of 28.5% QoQ.
  • EBITDA (before other income and forex) for Q2FY26 stood at 8.1%, 280 bps accretion QoQ.
  • PAT for Q2FY26 stood at Rs 120.2 crore, growth of 10.0% QoQ.
  • Cash and cash equivalents (gross) stood at Rs 323 crore.
  • Cash and cash equivalents (net) stood at negative Rs 280 crore.
  • ROCE stood at 22.1% in Q2FY26, compared to 18.5% in Q1FY26.
  • RONW stood at 27.1% in Q2FY26, compared to 24.0% in Q1FY26.
  • The Company has declared its second interim dividend for the financial year at Rs 1.25 per share. This is in line with the commitment made during the previous earnings call to implement a quarterly interim dividend payout policy starting this year.

Samir Dhir, MD & CEO of Sonata Software, said: “International IT Services reported steady progress during the quarter, consolidated PAT improving by 10% QoQ. The business secured a large deal in the healthcare vertical with a leading provider, reaffirming our focus on driving growth through large deals and consistent execution. Our continued strategic investments in Artificial Intelligence are delivering results, with AI-led orders accounting for approximately 10% of the overall order book for the quarter. As clients accelerate AI-enabled modernization to enhance competitiveness, we remain confident in the company’s long-term growth trajectory.”

Sujit Mohanty, MD & CEO, Sonata Information Technology, said: “We continue to execute on our three-pillar strategy focused on driving growth in the Microsoft SMC sector, expanding our AI-led partnerships with ISVs, and securing large system integration deals. During the quarter, we added new clients across all three pillars, with particularly strong traction in the Microsoft SMC segment. Despite prevailing industry headwinds in certain sectors, our disciplined execution and focused investments continue to position us well for sustained growth.”

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IT Consulting & Software company Sonata Software announced Q1FY26 results

Consolidated Financial Highlights:

  • Revenue for Q1FY26 stood at Rs 2,965.2 crore, showing a growth of 13.3%.
  • EBITDA (before other income and forex) for Q1FY26 stood at Rs 159.6 crore, showing a decline of 7.6% QoQ.
  • PAT for Q1FY26 stood at Rs 109.3 crore, growth of 1.7% QoQ.
  • Cash and cash equivalents (gross) stood at Rs 600 crore. and (net) stood at negative Rs 62.5 crore in Q1FY26.
  • ROCE stood at 18.5% in Q1FY26, compared to 21.9% in Q4FY25.
  • RONW stood at 24.0% in Q1FY26, compared to 25.2% in Q4FY25.

Standalone Financial Highlights:

  • International IT Services:
    • Revenue for Q1FY26 stood at Rs 699.9 crore, showing a decline of 0.3% QoQ.
    • EBITDA (before other income and forex) for Q1FY26 stood at 16.6%, showing a growth of 0.1bps QoQ.
    • PAT for Q1FY26 stood at Rs 70.7 crore, showing a growth of 13.5% QoQ
    • ROCE stood at 14.7% in Q1FY26, compared to 16.3% in Q4FY25.
  • Domestic Products & Services:
    • Revenue for Q1FY26 stood at Rs 2274.7 crore, showing a growth of 18.6% QoQ.
    • Gross contribution for Q1FY26 stood at Rs 68.5 crore, showing a decline of 12.6% QoQ.
    • EBITDA (before other income and forex) for Q1FY26 stood at Rs 44.0 crore, showing a decline of 22.1% QoQ.
    • PAT for Q1FY26 stood at Rs 38.6 crore, showing a decline of 14.6% QoQ.
    • ROCE stood at 33.6% in Q1FY26, compared to 43.2% in Q4FY25.

Samir Dhir, MD & CEO of Sonata Software, said: “International IT Services Q1 marked steady progress with revenue growth of 0.6% QoQ. We secured three large deals - two in BFSI and one in TMT - underscoring our focus on large deals and execution strength. Our focused investments in Healthcare and BFSI have scaled from 13% to 32% of revenue over three years, validating our diversification strategy. As clients accelerate modernization to stay competitive, we remain confident in our long-term growth trajectory.”

Sujit Mohanty, MD & CEO of Sonata Information Technology, added: “We gained new clients in cloud and data protection services. Our continued investments and partnerships with leading cloud providers position us well to grow revenue from cloud-managed services in the coming quarters.”

Result PDF

IT Consulting & Software company Sonata Software announced Q3FY25 results

  • EBITDA for Q3FY25 is Rs 163.6 crore; QoQ de-growth of 7.8%.
  • PAT for Q3FY25 stood at Rs 105 crore; QoQ de-growth of 1.4%.
  • Cash and cash equivalents (net) of approximately Rs 176 crore.
  • International IT Services: Revenues for Q3FY25 at Rs 731.7 crore; QoQ growth of 3.4%. PAT for Q3FY25 stood at Rs 56.9 crore; QoQ de-growth of 8.4%.
  • Domestic Products & Services: Gross contribution for Q3FY25 at Rs 81.9 crore; QoQ growth of 16.7%. PAT for Q3FY25 at Rs 48.1 crore; QoQ growth of 8.5%.

Result PDF

IT Consulting & Software company Sonata Software announced Q2FY25 results

Performance Highlights:

  • International IT Services:
    • Revenues for Q2FY25 at Rs 707.9 crore; QoQ growth of 2.9%.
    • Revenue for Q2FY25 in USD at 84.6 Mn, QoQ growth of 2.3%, and YoY growth of 4.6%.
    • EBITDA (Before Other Income & Fx) for Q2FY25 at Rs 128.9 crore; QoQ growth of 0.1%.
    • PAT for Q2FY25 stood at Rs 62.2 crore; QoQ de-growth of 4.5%.
    • DSO at 45 days (same as Q1’25).
    • 8 New Customers were added during the quarter.
    • Growth from verticals like MS Sell to, HLS and BFSI.
    • The pipeline continues to be healthy with multiple modernization deals both from existing and new customers.
  • Domestic Products & Services:
    • Gross contribution for Q2FY25 at Rs 70.2 crore; QoQ growth of 2.5%.
    • EBITDA (Before Other Income and Fx) for Q2FY25 at Rs 48.4 crore; QoQ growth of 2.2%.
    • PAT for Q2FY25 at Rs 44.3 crore; QoQ growth of 9.5%.
    • DSO at 35 days (same as Q1’25).
    • ROCE of 78.4% in Q2FY25 (Normalized ROCE after one-timer – 45.2%),
    • RONW of 78.6% in Q2FY25 (Normalized RONW after one-timer – 44.6%),
  • Consolidated:
    • EBITDA for Q2FY25 is Rs 177.3 crore; QoQ growth of 0.7%.
    • PAT for Q2FY25 stood at Rs 106.5 crore; with QoQ growth of 0.8%.

Samir Dhir, MD & CEO, Sonata Software, said: “In Q2FY25, our International business delivered 2.3% QoQ growth. During the quarter, we won three large deals, our first multi-million-dollar deal on Microsoft Fabric, and a Gen AI modernization with a Top 50 global Pharma client leveraging our “responsible first” differentiated Harmoni.AI offering. We remain optimistic about our long-term vision and growth prospects of Sonata “.

Sujit Mohanty, MD & CEO, Sonata Software said: “We acquired new clients across all hyperscalers and platform businesses during the quarter, driving diversified growth for our business. Our newly formed IT Security business offerings enabled wins during the quarter”.

Result PDF

IT Consulting & Software company Sonata Software announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenues: Rs 2,191.6 crore; QoQ de-growth of 11.8%.
  • EBITDA: Rs 198.8 crore; QoQ de-growth of 12.5%.
  • PAT: Rs 110.4 crore; QoQ de-growth of 14.1%.

FY24 Financial Highlights:

  • Revenues: Rs 8,613.1 crore; YoY growth of 15.6%.
  • EBITDA: Rs 853.0 crore; YoY growth of 26.4%.
  • PAT (before exceptional items): Rs 483.2 crore; YoY growth of 6.9%.
  • Net Cash and equivalents: Approximately Rs 441.3 crore (net of borrowings).

Speaking on the quarterly results 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 shortterm headwinds, as we reflect on the year, we have taken significant steps towards our long-term goals.”

Speaking on the results Sujit Mohanty, MD & CEO of Sonata Information Technology Limited said, “Our PAT de-grew by 6% QoQ due to seasonality; however, Annual PAT grew 16% over the previous year. We had fruitful engagements with our existing customers through targeted GTMs which helped us expand our business from our existing customer base."

Result PDF

IT Consulting & Software company Sonata Software announced Q3FY24 results:

  • Consolidated:

    • Revenues reached Rs 2,493.4 crore with a QoQ growth of 30%.
    • EBITDA amounted to Rs 227.2 crore, exhibiting a QoQ growth of 3%.
    • PAT before exceptional items stood at Rs 128.5 crore, reflecting a QoQ growth of 3%.
    • Net Cash and equivalents totaled approximately Rs 228 crore (net of borrowings).

  • International IT Services:

    • Revenues achieved Rs 696.8 crore, demonstrating a QoQ growth of 4%.
    • Revenue in USD amounted to 83.7 million, with QoQ revenue growth of 3.5% and YoY growth of 38.3% in USD terms.
    • EBITDA reached Rs 168.5 crore, indicating a QoQ growth of 2%.
    • PAT before exceptional items stood at Rs 85.9 crore, reflecting a QoQ growth of 3%.
    • DSO at 45 days (Q2FY24: 45 days).
    • 13 New Customers were added during the quarter.
    • The overall strategy focuses on delivering outcome-based Modernization services using Domain-Led and technology-based Modernization anchored by GTMs executed through Platformation™.
    • Strong growth is seen in digital-based competencies such as 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.
    • The pipeline remains healthy and strong, marked by multiple new digital wins from existing and new customers.

  • Domestic Products & Services:

    • Revenues reached Rs 18,00.3 crore, showing a QoQ growth of 45%.
    • Gross contribution at Rs 71.3 crore grew by 25.8% YoY.
    • EBITDA amounted to Rs 59.2 crore, demonstrating a QoQ growth of 5%.
    • PAT reached Rs 42.6 crore, indicating a QoQ growth of 5%.
    • DSO at 36 days (Q2FY24: 35 days).

Speaking on the results Sujit Mohanty, MD & CEO of Sonata Information Technology said, "We had one of our best quarter’s performances delivered in our Domestic Business during the quarter. Our Gross Contribution grew by 14.2 % QoQ and 25.8 % YoY. Our Q3 PAT grew by 17.4% YoY. We had fruitful engagements with our existing customers through targeted GTMs which helped us expand our business from our existing customer base."

 

Result PDF

IT Consulting & Software company Sonata Software announced Q2FY24 results:

  • Consolidated Q2FY24:

    • Revenues: Rs 1,912.6 crore; YoY growth of 28%
    • EBITDA: Rs 220.5 crore; YoY growth of 33%
    • PAT: Rs 124.2 crore; YoY growth of 10%
    • Net Cash and equivalents of approximately Rs 267 crore (net of borrowings).
    • DSO improved to 40 days (Q1FY24: 41 days).

  • International IT Services:

    • Revenues: Rs 670.0 crore; YoY growth of 46%
    • Revenue in USD at USD 80.9 million, QoQ revenue growth of 4.6% & YoY growth of 40.0% in USD terms.
    • EBITDA: Rs 165.0 crore; YoY growth of 38%
    • PAT: Rs 83.7 crore; YoY growth of 7%
    • DSO improved to 45 days (Q1FY24: 46 days)
    • Four New customers were added during the quarter.
    • Strategy focuses on delivering outcome-based Modernization services using Domain-Led and technology-based Modernization anchored by GTMs executed through PlatformationTM.
    • Strong growth from digital-based competencies like Managed cloud services and digital platformationTM Services (Microsoft & Open source) and focused verticals like TMT, Healthcare & Life Sciences, Manufacturing, Retail / CPG/ TTH, BFSI, and Emerging.
    • Healthy and strong pipeline with multiple new digital wins from existing and new customers.

  • Domestic Products & Services:

    • Revenues: Rs 1,244.0 crore; YoY growth of 20%
    • Gross contribution: Rs 62.4 crore, grew by 16.5% YoY.
    • EBITDA: Rs 56.4 crore; YoY growth of 20%
    • PAT: Rs 40.5 crore; YoY growth of 19%
    • DSO improved to 35 days (Q1FY24: 36 days)

Speaking on the quarterly results Samir Dhir, MD & CEO of the Company said, “We are proud and excited to deliver yet another quarter of Industry-leading growth, despite the macro geopolitical issues, economic challenges, and slowdown in tech-spending. Our International services Revenue in USD terms grew 4.6% QoQ. Consolidated PAT for Q2FY24 grew 3.4% QoQ. We won our first multi-year AI-enabled business transformation large deal – powered by Sonata’s Harmoni.AI.”

Speaking on the results Sujit Mohanty, MD & CEO of Sonata Information Technology said, "Our domestic products division delivered a good performance during this quarter. Our Gross Contribution grew by 1% QoQ and 16.5% YoY. Our Q2 PAT grew by 19% YoY. We successfully renewed all our large multiyear software contracts with our key customers. We will continue focusing on our Multi-Cloud Management offerings and System Integration business to drive future growth."

 

Result PDF

IT Consulting & Software company Sonata Software announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Revenues at Rs 2,015.5 crore; QoQ growth of 5%
    • EBITDA at Rs 206.4 crore; QoQ growth of 17%
    • PAT at Rs 120.1 crore; QoQ growth of 6%
    • Net Cash and equivalents of approximately Rs 331 crore (net of borrowings).
    • Consolidated DSO is at 41 days.

Speaking on the quarterly results Samir Dhir, MD & CEO of the Company said, “We are excited to report yet another quarter of Industry-leading growth. Our International services Revenue in USD terms grew 17.5% QoQ. Consolidated PAT for Q1FY24 grew 6% QoQ. We crossed USD 300 million annual run rate for International Business in Q1FY24. We won our largest-ever multi-year Modernization deal in Europe with a Manufacturing client. Sonata is the only SI launch partner from India for Microsoft’s Fabric offering. We recently launched Harmoni.AI – a Responsible-first AI offering for Enterprise scale”.

Speaking on the results Sujit Mohanty, MD & CEO of Sonata Information Technology said, “Our domestic products division had an outstanding quarter of financial performance. Our Gross Contribution grew by 6.4 % QoQ and 22% YoY. Our Q1 PAT grew by 3% QoQ and 26% YoY. To accelerate our business growth further, we have started focusing on large hybrid infrastructure System Integration & Management opportunities”.

 

 

Result PDF

IT Consulting & Software company Sonata Software announced Q4FY23 results:

  • Consolidated Q4FY23:
    • Revenue at Rs 1,913.5 crore
    • EBITDA at Rs 176.7 crore; QoQ growth of 2%
    • PAT at Rs 113.8 crore
    • Net Cash and equivalents of approximately Rs 451 crore (net of borrowings).
  • International IT Services Q4FY23:
    • Revenue at Rs 533.5 crore; QoQ growth of 9%
    • Revenue in USD at 65.8 Million, Revenue growth of QoQ of 8.6% & YoY 18.1% in USD terms,
    • EBITDA at Rs 123.5 crore
    • PAT at Rs 74.8 crore
    • Addition of 17 new customers
    • International services DSO for FY23 is 45 days
    • 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.
    • Bayer chose Sonata as the top SI partner for its new Agri-Food Cloud solution. Sonata is now a global partner for Sinequa
    • Our pipeline continues to be healthy and strong through multiple new digital wins from existing and new customers
  • Domestic Products & Services Q4FY23:
    • Revenues at Rs 1,383.4 crore
    • EBITDA at Rs 54 crore; QoQ growth of 4%
    • PAT at Rs 39 crore; QoQ growth of 8%
    • DSO days for FY23 is 37 days

Speaking on the quarterly results Samir Dhir, MD & CEO of the Company said, “We are excited to report yet another quarter of Industry-leading growth. Our Rupee Revenue for Q4 FY’23 grew by 9% QoQ (8.6% in Dollar terms). Full-year rupee Revenue grew by 29%. (18.1% in USD terms). Consolidated PAT for FY’23 grew by 20% YoY. Our modernization-driven solutions enabled three large deal wins, including our largest-ever deal win of USD 160 million. In addition, we completed the acquisition of Quant Systems in the quarter to strengthen our recently announced incubating BFSI and Healthcare verticals”.

Speaking on the results Sujit Mohanty, MD & CEO of Sonata Information Technology said, “Our domestic products and services division had an outstanding year of financial performance. Our Gross Contribution grew by 2.9% QoQ and 29% YoY on full year basis. Our FY’23 PAT grew by 39% YoY. We are seeing the positive results of our focus on multi-year annuity enterprise sales and will continue to prioritize enterprise clients to drive further growth.”

 

 

Result PDF

 IT consulting & software firm Sonata Software announced Q3FY23 results:

  • Consolidated Q3FY23:
    • Revenues at Rs 2,260.8 crore, growth of 51% QoQ.
    • EBITDA at Rs 172.8 crore, growth of 4% QoQ.
    • Net profit (PAT) at Rs 117.6 crore, growth of 4% QoQ.
    • Cash and equivalents (net of borrowings) approximately Rs 585 crore.
    • Consolidated DSO at 42 days.
  • International IT Services Q3FY23:
    • Revenues at Rs 489.6 crore; growth of 6.3% QoQ.
    • Revenue in US$ at 60.5 million, QoQ revenue growth of 4.8% in US$ terms and YoY growth of 23.9%.
    • EBITDA at Rs 123.2 crore: growth of 3.2% QoQ.
    • Net profit (PAT) at Rs 81.3 crore, QoQ growth of 3.4%.
    • Addition of 20 new customers during the quarter.
  • Domestic Products & Services Q3FY23:
    • Revenues at Rs 1,773.6 crore: growth of 70.5% QoQ.
    • Domestic business measured on absolute gross contribution. Gross margin for the quarter at Rs 56.7 crore vs Rs 53.6 crore, growth of 5.8% QoQ.
    • Domestic business major revenue contribution from multi-year annuity enterprise sale.
    • EBITDA at Rs 51.7 crores: growth of 9.7% QoQ.
    • Net profit (PAT) at Rs 36.3 crore QoQ growth of 6.5%

Speaking on the results Mr. 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 Rs terms (4.8% in US$ 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 in Cloud and Data modernisation. We received the coveted Golden Peacock Award for excellence in Corporate Governance."

Speaking on the results Mr. Sujit Mohanty, MD & CEO of Sonata Information Technology Limited said, "Our domestic products and services division had an outstanding quarter significant increase in gross Contribution. We are seeing the positive results of our focus on multi-year annuity enterprise sales and will continue to prioritize enterprise clients in order to drive further growth."

 

Result PDF

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