Invest
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."
FAQ’s on Sonata Software Ltd Shares
