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Hot Pursuit News

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(02 Feb 2024, 09:19)

Sonata Software drops after reporting dismal Q3 performance

Sonata Software declined 2.07% to Rs 748.85 after the company reported consolidated net loss of Rs 46.2 crore in Q3 FY24 as compared with net profit of Rs 124.2 crore in Q2 FY23.


Revenue from operations jumped 30% QoQ to Rs 2493.4 crore in Q3 FY24.

As compared with Q3 FY23, the company reported net profit of Rs 117.6 crore and revenue jumped 10% from Rs 2,260.8 crore.

Profit before exceptional items and tax increased 3.03% to Rs 171.56 crore in Q3 FY24 as compared with Rs 166.51 crore in Q2 FY24. Exceptional item was Rs 174.66 crore during the quarter.

EBITDA stood at Rs 227.2 crore in Q3 FY24, registering the growth of 3% as compared with Rs 220.5 crore posted in previous quarter same fiscal.

During the quarter, net cash and equivalents of approximately Rs 228 crore (net of borrowings)

In dollar terms, the company’s revenue stood at $83.7 million in Q3 FY24, up 3.5% QoQ and 38.3% YoY. In Q3 FY24, 113 new customers added.

Samir Dhir, MD & ...

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