Sonata Software Limited — Investor Meet, 20-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sonata Software's Q2 FY26 saw international services revenue climb 1% QoQ (constant currency) to $82 million, with PAT jumping 10.3% QoQ to ₹78 Cr. Consolidated PAT increased 10% QoQ to ₹120.2 Cr. EBITDA expanded to 17.3%, driven by higher utilization, offshoring, and AI adoption, absorbing wage hikes. Management anticipates further EBITDA accretion.

Strategic initiatives in AI modernization are gaining traction, reflected in a 10% AI order book and a new large healthcare deal. Despite ramp-downs with a major BFSI client (impact largely absorbed) and TMT customer delays, management is confident in diversification and efficiency gains. An interim dividend of ₹1.25 was declared.