ALFA Finder
The call ran from 2:00 PM to 2:52 PM IST (52 min).
Key takeaways
International USD revenue was near-flat (+1% QoQ, +0.9% YoY, cc +0.1%) despite resilience rhetoric. Domestic gross contribution rose 19.3% YoY. Margins remain near 15%, well below the 18-20% aspiration.
| Revenue growth | Intl USD +1% QoQ, +0.9% YoY; cc +0.1%; near-flat organic. |
|---|---|
| Margins | Intl EBITDA 15.5% vs 15.4% QoQ; one-offs ~150bps; aspiration 18-20%. |
| Order book | Order book 98.5M, book-to-bill 1.18x; top account ~25% of it. |
| Demand visibility | Pipeline 358M; Q3 BFSI/TMT headwinds; mid-size decisions lengthening. |
| Management confidence | Over-optimistic; resilience and inflection claims outpace flat numbers. |
Growth
Intl USD $82.8M: +1% QoQ, +0.9% YoY (cc +0.1%). Domestic GC ₹82 Cr, +19.3% YoY. Consolidated revenue +15.4% YoY.
Outlook
No quantified forward guidance; margin uplift and 20-25% domestic growth were deflected. AWS 'doubling' has no timeframe.
Risks
Top-account ramp-down; Q3 BFSI/TMT headwinds; top account ~25% of order book; margin 15.5% vs 18-20% aspiration.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Sonata Software Q2 FY27 Results: Net Profit ₹116.4 Cr, Down 3.2% YoY
Sonata Software Ltd reported revenue from operations of ₹2,445 Cr (+15.4% YoY) and net profit of ₹116.4 Cr (-3.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹116.4 Cr · -3.2% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management expects quarterly EBITDA improvement and full recovery of deal ramp-ups starting Q2 FY27.
Growth they described
Consolidated revenue grew 10.6% YoY; however, International services margins dropped significantly to 15.4% from 20.2% QoQ.
Call details
| Company | Sonata Software Limited |
|---|---|
| NSE symbol | SONATSOFTW |
| ISIN | INE269A01021 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 2:00 PM IST |
| Length | 52 min |
Sonata Software Limited: key numbers
- Share price
- ₹239.61
- Market cap
- ₹6,719 Cr
- Revenue (annual)
- ₹10,701 Cr
- Net profit (annual)
- ₹464.4 Cr
- P/E (TTM)
- 14.6×Sector 23.6×
- Promoter holding
- 28.17%+0.00% QoQ
- FII holding
- 8.84%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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