Sonata Software Q4 FY26 preview: key numbers May 2026

Sonata Software’s upcoming Q4 FY26 results are expected in May 2026, and they matter more than usual because the stock is far below its 52-week high. With the share trading around ₹380 in April 2026 versus a 52-week high of ₹620 and a low of ₹285, investors are likely to treat the print and, more importantly, the FY27 outlook as a positioning trigger. The near-term debate is not just whether Q4 matches estimates, but whether management commentary supports the Street’s expectations for FY27. The article data also shows that earlier quarters and guidance updates have driven sharp moves in the stock, especially when results or client-linked revenue outlook surprised.

Why Q4 FY26 matters at ₹380

At ₹380, Sonata Software is being watched closely for signs that fundamentals and guidance can stabilise after a volatile period for the counter. The company’s market capitalisation is cited at approximately ₹8,500 crore. The 52-week band of ₹285 to ₹620 frames sentiment, with investors weighing downside risk against any re-rating if management commentary improves. The data points in focus for this quarter are clearly defined: revenue and profit after tax (PAT), alongside commentary for FY27.

What Street expects: revenue, PAT and margins

Consensus estimates for Q4 FY26 revenue are in the range of ₹1,600-1,720 crore. That compares with ₹1,485 crore in Q3 FY26, as cited in the provided text. PAT for Q4 FY26 is expected at ₹95-112 crore. Analysts also peg margin expectations at 6.5% to 7.5% for the quarter. These ranges set a relatively tight scorecard, and any miss or beat is likely to be assessed alongside FY27 guidance.

Guidance risk: FY27 outlook as the key catalyst

The provided text repeatedly flags FY27 guidance as the most critical post-results catalyst. It notes that if FY27 guidance falls below Street expectations, the stock may decline even if the Q4 FY26 numbers land in line with estimates. It also states that forward guidance carries more weight than the reported quarter in the current environment. In practical terms, this makes management commentary and outlook framing central to how investors interpret the release.

Price context: 52-week range and key levels

The stock is stated to be trading at ₹380 as of April 2026, against a 52-week high of ₹620 and a 52-week low of ₹285. Separately, the text includes a share-price snapshot showing High: 440.00, Open: 408.00, and Low: 380.00 (date not specified in the extract). These levels underline how quickly the stock can shift between sentiment-driven and fundamentals-driven moves around news flow, results, and guidance.

Broker views and target prices on record

A brokerage summary table in the source lists target prices and ratings, largely anchored to the IT Digital Engineering Services sector growth outlook for FY27.

The text also separately states that analysts at Emkay retained a Buy rating with a target price of ₹475 (at 22x Jun-27E EPS), while highlighting weak operating performance in Q1. Since these references present different Emkay stances and targets within the same dataset, investors typically treat them as different snapshots of broker views rather than a single unified consensus.

What to track on results day

The article explicitly calls out two primary watchpoints for Q4 FY26: revenue versus ₹1,600-1,720 crore and PAT versus ₹95-112 crore. It also highlights margin expectations of 6.5% to 7.5%, which can influence how investors interpret PAT delivery versus revenue. Beyond the quarter, the most important qualitative factor is FY27 guidance, which is described as the single biggest potential negative catalyst if it lands below consensus. That framing suggests investors may react more to what management says about demand and visibility than to one quarter’s reported numbers.

Board meeting reference and dividend agenda

A board meeting is referenced for February 6, 2026, with the stated agenda of Quarterly Results and Interim Dividend. While that meeting is separate from the expected May 2026 Q4 FY26 results schedule, it provides context that the company’s results calendar and shareholder returns are being tracked by market participants.

Recent volatility: Q1FY26 results and July 2025 sell-off

The dataset describes a sharp reaction after Q1 results, noting that shares fell as much as 6.61% to an intraday low of ₹386.55 on the NSE on Thursday, July 31, 2025. At around 1:40 PM that day, the stock was reported at ₹392.85, down 5.10% from a previous close of ₹413.95. Trading activity was also described as heavy, with around 1.5 million equity shares valued at around ₹58 crore on the NSE and BSE.

For Q1FY26, the company reported PAT of ₹109.3 crore, up 3.5% year-on-year from ₹105.6 crore in Q1FY25. Revenue rose 17.3% year-on-year to ₹2,965.2 crore from ₹2,527.4 crore. Even with year-on-year growth, the text notes the quarter was viewed as below Street expectations, and broker commentary pointed to weak operating performance.

International business warning: largest client impact

A separate episode highlighted is the April 17, 2025 decline after a revenue warning for the March 2025 quarter. The stock fell as much as 12% in early trade, with one cited move to ₹293.9 from a prior close of ₹335.4, and another cited intraday low near ₹290 on the BSE. The company said revenue estimates for Q4 2024-25 from its largest client were likely to be lower than anticipated, leading to lower international business revenue than previously envisioned.

The text identifies the largest client as Microsoft and notes that the company had guided to a sequential decline of 2.5% to 3.5% for Q4 revenues in the international IT services business. It also states the international business contributed 25% (and elsewhere 26%) of overall topline in the December quarter, based on investor presentation references. Management commentary attributed the weakness to client cost containment leading to ramp-downs and the full-quarter impact of that ramp-down, along with a one-time discount at a large TMT client and seasonality.

Key numbers table: what the dataset highlights

Conclusion

Sonata Software’s expected May 2026 Q4 FY26 results set up a clear checklist: revenue delivery versus ₹1,600-1,720 crore, PAT versus ₹95-112 crore, and margins in the 6.5% to 7.5% band. But the dataset’s central takeaway is that FY27 guidance is likely to be the decisive driver of post-results stock reaction. Investors tracking the stock at around ₹380 will be focused on whether management outlook meets or misses Street expectations, given how sharply the counter has reacted to guidance and client-related updates in the past.