Sonata Software - Near-Term Hiccups, But Long-Term Growth Intact: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We interacted with the CFO of Sonata Software Ltd.The management is confident of achieving profitable growth under the new leadership, who has been growth focused, and carrying earlier exposure to leverage alliance and partnerships with product companies. The company is rigorously chasing large deals with its mining and hunting strategy, while encouraging and incentivizing the team on winning strategic deals or accounts. More importantly, the acquisition of Quant has given Sonata Software access to some strategic accounts, which is helping the company effectively implement the go-to-market strategy and cross-sell its full-stack offerings. Near-term volatility in the international IT service business has created a near-term margin pressure at the consolidated level, but the management is confident of balancing the margin and growth equation in the subsequent quarters. The management has retained its aspiration to achieve revenue of $1.5 billion by FY27 (13% compound annual growth rate in FY24-27E), and $500 million for international IT service (15.6% CAGR). The stock is currently trading at a price/earning multiple of 21 times FY27E and 25.5 times FY26E consensus..Click on the attachment to read the full report:.Mahanagar Gas - Steady Volume Growth, But Lower Margins Likely: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sonata Software - Near-Term Hiccups, But Long-Term Growth Intact: Prabhudas Lilladher

The company aims for IT services revenue of $500 million by FY27, adds the brokerage.

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Sonata Software - Near-Term Hiccups, But Long-Term Growth Intact: Prabhudas Lilladher

The company aims for IT services revenue of $500 million by FY27, adds the brokerage.

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