Sonata Software witnessed an impressive start on October 26, with its shares gaining nearly 1 percent at the opening on the NSE.
In a recent regulatory disclosure, Sonata Software unveiled a consolidated profit of Rs 124.2 crore for the July-September period, indicating a notable 3.4 percent upswing from the preceding quarter. However, revenue from operations during the quarter experienced a slight dip, declining by 5.1 percent sequentially to Rs 1,912.6 crore.
The company also made announcements regarding shareholder returns, declaring an interim dividend of Rs 7 per share for the current financial year. Moreover, they received board approval for a bonus issue in the ratio of 1:1.
Sonata Software’s CEO statement
In an exclusive interaction with CNBC-TV18, Sonata Software’s CEO, Samir Dhir, highlighted their exceptional performance amidst an industry landscape where peers have posted relatively flat results. He emphasized a growth rate of 5 percent quarter-on-quarter. Dhir also expressed the company’s ambitious goal to achieve a revenue of $1.5 billion by the end of FY2026, affirming they are on track to meet this target. “We anticipate robust growth in the high-teen to mid-twenties range in the coming years, with a significant portion being organic,” he stated.
Based in Bangalore, Sonata Software holds a global presence across key markets such as the US, UK, India, Australia, and New Zealand. The company provides comprehensive software solutions across diverse industry segments, ranging from media to healthcare and life sciences.
At 2:21 PM, Sonata Software shares continued their upward trajectory, trading 2.60 percent higher at ₹1,076.25.
