India's Sonata Software slumps to 20-mth low on lower profit, rev forecast

Sonata Software

07/02/2025 06:47

** India's Sonata Software  SOFT.NS  slumps 19% to 20-month
low of 446.1 rupees, biggest pct loser on Nifty 500  .NIFTY500 
    ** Stock down 16% so far this week, on track to log biggest
weekly pct loss since May 2024
    ** Co posts 1.4% Q/Q drop in Q3 net profit, dragged down by
360 bps fall in EBITDA margin for international services segment
    ** Management sees Q4 revenue declining 2.5%-3.5% due to
unplanned ramp down in spending by a large TMT client, says
Emkay Global
    ** Brokerage trims co's FY25-FY27 profit estimate by 6-10%,
cuts PT to 700 rupees from 780 rupees
    ** Stock down nearly 26% so far in 2025, fell 19.3% in 2024
    ** Analysts' average rating on stock "buy"; median PT 700.50
rupees - LSEG data

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com))