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Sonata Software's Q3 FY26 saw consolidated revenue of Rs. 3,080.6 Cr and normalized PAT up 21.4% YoY to Rs. 127.5 Cr. International services EBITDA hit 19.5%. New orders totaled $97 million, with AI-led bookings at 14%, including two large BFSI deals. The company focuses on being a differentiated modernization engineering firm via AI and Platformation, targeting 18-21% EBITDA. Near-term growth faces headwinds from three top-10 clients (BFSI, TMT, Retail), though BFSI impact is absorbed. Domestic business eyes YoY growth by Q2 FY27. Strategic AI and efficiency drive future growth.