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29 May 2025 |
Sonata Software
|
Consensus Share Price Target
|
404.75 |
522.86 |
- |
29.18 |
buy
|
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08 May 2025
|
Sonata Software
|
IDBI Capital
|
404.75
|
465.00
|
392.60
(3.09%)
|
14.89 |
Buy
|
|
|
|
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08 May 2025
|
Sonata Software
|
Emkay
|
404.75
|
475.00
|
392.60
(3.09%)
|
17.36 |
Buy
|
|
|
Sonata posted a weak operating performance in International IT Services (IITS) in Q4. IITS revenue declined 7.2% QoQ CC, below our expectations. The decline was majorly attributed to higher-than-expected ramp down at a large TMT client, along with Quant seasonality.
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10 Feb 2025
|
Sonata Software
|
KRChoksey
|
404.75
|
517.00
|
489.30
(-17.28%)
|
27.73 |
Accumulate
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|
|
• SSOF’s Q3FY25 result missed our expectations. The company reported revenue of INR 28,428 Mn, up 14.0% YoY (+31.0% QoQ). • EBIT stood at INR 1,313 Mn, down 24.5% YoY (-9.0% QoQ). EBIT margin stood at 4.6%, down 236bps YoY (-203bps QoQ).
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07 Feb 2025
|
Sonata Software
|
IDBI Capital
|
404.75
|
635.00
|
489.30
(-17.28%)
|
56.89 |
Buy
|
|
|
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05 Dec 2024
|
Sonata Software
|
Emkay
|
404.75
|
780.00
|
670.05
(-39.59%)
|
92.71 |
Buy
|
|
|
We initiate coverage on Sonata Software (SSOF) with BUY and TP of Rs780, at 30x Dec-26E earnings. In its International IT Services business, SSOF delivered ~26% revenue CAGR over FY21-24 and ~4.3% CQGR over the last 10 quarters which remain among the top quartile revenue growth performances.
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08 Nov 2024
|
Sonata Software
|
ICICI Direct
|
404.75
|
760.00
|
619.85
(-34.70%)
|
87.77 |
Buy
|
|
|
|
|
07 Nov 2024
|
Sonata Software
|
KRChoksey
|
404.75
|
679.00
|
623.45
(-35.08%)
|
Target met |
Accumulate
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|
|
SSOF’s Q2FY25 result exceeded expectations. The company reported revenue of INR 21,698 Mn, up 13.5% YoY (-14.1% QoQ), primarily drivenby strong YoY revenue growth in domestic business.
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07 Nov 2024
|
Sonata Software
|
IDBI Capital
|
404.75
|
701.00
|
619.85
(-34.70%)
|
73.19 |
Hold
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18 Sep 2024
|
Sonata Software
|
Prabhudas Lilladhar
|
404.75
|
|
652.85
(-38.00%)
|
|
Not Rated
|
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19 Aug 2024
|
Sonata Software
|
ICICI Direct
|
404.75
|
770.00
|
628.20
(-35.57%)
|
90.24 |
Buy
|
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08 Aug 2024
|
Sonata Software
|
KRChoksey
|
404.75
|
694.00
|
618.30
(-34.54%)
|
Target met |
Accumulate
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|
|
In Q1FY25, Sonata Software reported revenue of INR 25,274 Mn, up 25.4% YoY (+15.3% QoQ). The revenue beat our estimates, driven by growth in domestic business.
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15 May 2024
|
Sonata Software
|
KRChoksey
|
404.75
|
603.00
|
509.80
(-20.61%)
|
Target met |
Buy
|
|
|
In Q4FY24, Sonata Software reported revenue of INR 21,916 Mn (-12.1% QoQ/+14.5% YoY). The revenue beat our estimates by 2.0% due to slightly better-than-expected international business.
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09 May 2024
|
Sonata Software
|
ICICI Direct
|
404.75
|
670.00
|
518.55
(-21.95%)
|
Target met |
Buy
|
|
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|
08 May 2024
|
Sonata Software
|
IDBI Capital
|
404.75
|
770.00
|
540.05
(-25.05%)
|
|
Buy
|
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01 Apr 2024
|
Sonata Software
|
ICICI Direct
|
404.75
|
900.00
|
716.15
(-43.48%)
|
|
Buy
|
|
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07 Feb 2024
|
Sonata Software
|
KRChoksey
|
404.75
|
870.00
|
805.30
(-49.74%)
|
Target met |
Accumulate
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|
For Q3FY24, the Company recorded a revenue of INR 24,934 Mn, registering a growth for 10.3% YoY and 30.4% QoQ. Revenue from International business grew by 42.3% YoY/ 4.0% QoQ to INR 6,968 Mn while domestic business grew at 1.5% YoY/ 44.7% QoQ to INR 18,003 Mn.
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02 Feb 2024
|
Sonata Software
|
IDBI Capital
|
404.75
|
915.00
|
768.40
(-47.33%)
|
|
Buy
|
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14 Dec 2023
|
Sonata Software
|
IDBI Capital
|
404.75
|
915.00
|
776.30
(-47.86%)
|
|
Buy
|
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24 Nov 2023
|
Sonata Software
|
KRChoksey
|
404.75
|
1403.00
|
1299.45
(-68.85%)
|
Target met |
Accumulate
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|
During the quarter, the company recorded revenue of INR 19,125 Mn, registering a YoY growth of 27.8%, driven by the full ramp-up of a USD 160 Mn agreement announced earlier this year. Revenue from International IT Services (IITS) increased 6.0% QoQ/46.0% YoY to INR 6,700 Mn.
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01 Aug 2023
|
Sonata Software
|
KRChoksey
|
404.75
|
1148.00
|
1046.95
(-61.34%)
|
Target met |
Accumulate
|
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|
Sonata Software reported revenue of USD 77.3 mn in Q1FY24 as against USD 56.8 mn in Q1FY23, registering a robust growth of 36.09% on a YoY basis and on a sequential basis it grew by 17.48% from USD 65.8 mn. The growth was mainly attributed to large deal wins and the acquisition of Quant Systems.
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