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Sonata Software Adjudged Best Governed Company 2023 by Institute of Company Secretaries of India

IT midcaps witness BFSI-led growth as larger peers take a hit

IT midcaps witness BFSI-led growth as larger peers take a hit
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Sonata Software gains 2% on Q2FY24 earnings

In a regulatory filing, Sonata Software reported a consolidated profit of Rs 124.2 crore for July-September period, a 3.4 percent gain over the previous quarter. Revenue from operations during the quarter slipped by 5.1 percent sequentially to Rs 1,912.6 crore.

Sonata Software – International Services Revenue grew by 4 6% QoQ (40% YoY) in USD, and Domestic Gross Contribution grew by 16 5% YoY in INR Board approved 1:1 bonus issue and interim dividend of ₹ 7 per share

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