Sonata Software sinks 15% as Q3 profit drops sequentially on margin erosion

Sonata Software shares plunged 15.1% after reporting a 1.4% sequential decline in Q3 profit to Rs 105 crore, impacted by margin erosion due to a top-client ramp-down. Revenue rose 14% YoY to Rs 2,842.8 crore. The company expects a revenue dip in Q4 but anticipates AI-driven growth. Sonata Software shares plunged 15.1% after reporting a 1.4% sequential decline in Q3 profit to Rs 105 crore, impacted by margin erosion due to a top-client ramp-down. Revenue rose 14% YoY to Rs 2,842.8 crore. The company expects a revenue dip in Q4 but anticipates AI-driven growth.  Economic Times