Sonata Software Limited — Investor Meet, 05-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sonata Software's Q1 FY26 saw International Services revenue at $81.8 million (+0.6% QoQ) with EBITDA at 16.6%. Consolidated PAT before exceptional items reached INR 109.3 crore. The company secured 3 large deals and 7 new clients, with AI-led order bookings significantly increasing. Management highlighted strong momentum in Healthcare/BFSI and AI-driven modernization, aiming for top quartile growth and near 20% EBITDA margin. However, significant headwinds from Retail/Manufacturing and budget pressures from two large clients remain a focus, with efforts to balance positives and negatives.