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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.
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