Conference Call with Sonata Software Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
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