Sonata Software net profit falls by 13% in Q3
IT services firm Sonata Software’s net profit fell by 13.1% quarter-on-quarter to Rs 104 crore compared to Rs 120 crore in the previous quarter, due to an incremental expense towards past service costs of Rs 31.3 crore owing to the new labour codes. Meanwhile, revenue grew by a significant 45.4% to Rs 3,081 crore as compared to Rs 2,119 crore in the previous quarter.
Regulatory Headwinds
The company’s Ebitda grew 15.9% to Rs 200 crore sequentially compares to Rs 173 crore in Q2FY26, while Ebitda margin stood at 6.5% in comparison with 8.1% in the last quarter.
