Sonata Software program’s shares tumbled as much as 19 per cent to hit a 52-week low of ₹446.10 on February 7, 2025, following disappointing third-quarter margins regardless of beating income estimates. The inventory was buying and selling at ₹483.95, down 12.26 per cent at 11.50 AM on the NSE.
The IT providers firm reported Q3 income of $87 million, exhibiting 2.8 per cent quarter-on-quarter development and three.9 per cent year-on-year development. Nonetheless, EBITDA declined 7.7 per cent sequentially to ₹164 crore, with margins contracting 240 foundation factors to five.8 per cent.
The margin decline was attributed to a number of components, together with an unplanned ramp-down of a big TMT shopper, one-time shopper low cost, wage hikes, and worker settlement prices. Administration has projected a 2.5-3.5 per cent sequential income decline in This fall on account of these challenges.
Amongst verticals, BFSI confirmed robust development at 40.2 per cent QoQ, adopted by Healthcare & Life Sciences at 13.1 per cent. Nonetheless, TMT and RMD segments declined by 6.8 per cent and 17.8 per cent respectively. The corporate secured two massive offers in Q3, with complete order bookings of $114 million and a book-to-bill ratio of 1.2x in Worldwide IT Providers.
Administration expects margin restoration to start in This fall, with full impression visibility anticipated by Q1 of the subsequent fiscal 12 months.
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