Sonata Software Ltd. — Investor Presentation 2021

Aug 4, 2021

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4[th] August, 2021

National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, P.J. Towers, Dalal Street Mumbai Mumbai Kind Attn: Manager, Listing Department Kind Attn: Manager, Listing Department Email Id: neaps@nse.co.in Email Id: listing.centre@bseindia.com Stock Code - SONATSOFTW Stock Code - 532221

Dear Sir/Madam,

SUB: Investors’ Presentation

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing Investors’ Presentation for the quarter ended 30[th] June, 2021.

The above said presentation is also made available on the Company’s website www.sonatasoftware.com.

Kindly take the same on record.

Thanking you,

Yours faithfully, For Sonata Software Limited MANGAL Digitally signed by MANGAL KRISHNARAO KRISHNARAO KULKARNI Date: 2021.08.04 15:45:50 KULKARNI +05'30' Mangal Kulkarni Company Secretary, Compliance Officer and Head-Legal

Encl: As above

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Sonata Software

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Investor Presentation

Q1 2022

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© Sonata Software Ltd, 2020. Confidential.

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Sonata - A Snapshot

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4200+ TEAM 34 YEARS $550+ M REVENUE across US, EU, Asia, SEI CMMI L5, ITIL The Company as a IT Solutions 14% 3 Yr. CAGR ANZ, Japan, & ISO certified Provider Malaysia, and China CPG & MFG SERVICES AGRI & RETAIL TRAVEL SOFTWARE Consumer Energy & Utilities, COMMODITY Industry Apparel, Hard TO, OTA, VENDORS Goods, Industrial Oil & Gas, Specialty Agri manufacturers Focus Goods, Grocery, Airline, Rail, ERP, SCM, Goods, Contractors & & commodity Hypermarket Hotel, Cruise Retail, Travel Wholesale Professional Services Traders TECHNOLOGY APPLICATION LIFECYCLE PLATFORM IP DIGITAL INFRASTRUCTURE SOLUTIONS Brick & Click Retail, Competencies Omni-channel, Mobility & SOLUTIONS ADM, Testing, IMS Rezopia Digital Travel, IoT, Analytics, Cloud Software, Cloud, Server & Managed Services Modern Distribution Storage, Systems Integration Strategic acquisitions CUSTOMERS and investments TECHNOLOGY FINANCIAL Credentials Global Top 5 – Leisure Microsoft, SAP, Oracle, Microsoft – Inner Circle, National Stock Exchange Travel Co, Grocery Retailer, SAP Pinnacle Award, Open Source, IBM Listed Public Ltd Co F&B CPG Co, Software Co Microsoft Country Partner of Year India

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A Global IT Solutions Organization, with focused Industry Verticals, versatile Portfolio of Services covering wide range of Technologies and delivering value through our unique Platformation™ approach

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Sonata Vision

A world class firm that is a benchmark for Catalyzing Business Transformation for our Clients, Fulfilling Employee Aspirations & Caring for our wider Community

through Depth of: Thought Leadership Customer Centricity Execution Excellence

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For the Customers

IT Partner of choice for transformation thru deeper industry, technology & customer focus

For the Employee A fun & fearless environment where the potential & passion for work flourishes

For the Community

CSR initiatives to support IT needs of projects with Social impact

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Sonata – In 4 ‘P’s

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•Employees as consultants •Common goals
•Employees as family •Lasting relationships
•Employees as enablers •Shared values
•Employees as citizens •Growing together
People Partners
Platforms Performance
•Platformation [TM ] Advantage •Value creation
•Platform engineering •For customers
leadership •For Partners
•World class IP’s •For employees
•Farsighted vision •For Investors
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Vertical Focus

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• Retail, travel, Distribution & CPG, ISV, Commodity Trading, and Services Industry – Field Services

• IP – Brick and Click, Modern Distribution, Agri Business, Rezopia, Service Industry, GBW

• Platform led Digital Transformation

• Track record

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What is different about Platformation™ as a tool for Digital Transformation

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• Sonata’s structured process for Platformation comprises the following :

• Digital Business Process Library & Identification

• Customer Digital Agenda led based approach

• Platform Maturity Assessment ( Separate Business & Technology maturity assessment )

• Marchitecture™ aligned to CDAT

• Platform Characteristic Requirements ( With a 16 point Framework )

• Technology Architecture to achieve the Platform Characteristics

• Cloud Engineering ( Cloud Native Development )

• Data Platformation Methodology ( Structured Assessment of Data Infrastructure & Platform)

• Accelerated Platform Engineering ( Solution Accelerators )

• IPs aligned to Platformation™

• 4 Years of Proven Success, Only methodology that remains relevant in an everevolving landscape for a company looking at digital transformation

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Platformation™

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Platforms - the secret behind the digital economy’s most successful companies

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OPEN

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SCALABLE CONNECTED INTELLIGENT

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Sonata’s approach to Digitizing business using platforms PLATFORMATION™

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Approaches to achieve Platformation™

Sonata READY

Sonata ACCELERATE

• End-to-end, industryspecific digital business platforms

• Deploy popular horizontal platforms adding required functionality

Omni channel reservation system for a large Australian rail network built on a travel platform ensuring seamless booking experience

Versatile retail store and e-Commerce integration for a US fashion brand ensuring scalable, omnichannel shopping experiences

Sonata CUSTOM

• Engineer custom platforms that deliver unique digital capability and scalability

A US-based travel company innovating on membershipbased business models, increasing bookings by 200%, and scaling service 6X

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Engineering Excellence

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Focused approach

• Industry Specialization

• Retail, travel, distribution & CPG, ISV, Commodity Trading, and Services Industry – Field Services

• Expertise through IP’s

• Brick and Click, Modern Distribution, Agri Business, Rezopia, Service Industry, GBW

• Proprietary & proven approach to Digital Transformation

• Platform led across Data, Cloud, Modern Technologies, Mobility, Digital Assurance, Devops

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Global Full Stack Microsoft Partner aligned to the Digital Transformation vision

30 Years

360[0] Partnership

18 Gold certified & 8 Advanced specializations Skills in Dynamics 365, Azure, Power BI, Cortana, .Net, Mobility

MICROSOFT PARTNER

Product Engineering, Professional support, Delivery, LSP partner for MS, MCS and ISV/SI ecosystems.

GISV, lSP, CSP, ISV Dev Centre, SI. Country Partner India 2014, 15, 17. Global alliance footprint

PLATFORM IP

INDUSTRY

STRATEGIC

DIGITAL TRANSFORMATION for Retail, Consumer goods, Distribution, Agri Products, Field Service, Travel, ISV

ON MS DYNAMICS & AZURE Brick & Click, Modern Distribution, Commodity Trading, Rezopia, Kartopia, Halosys, Rapid

ACQUISITIONS

Scalable Data Systems, Sopris Systems, Encore Systems, GBW, & IBIS Inc

Clients

2500+ TEAM

Recognition and Awards

ACROSS THE GLOBE USA, Europe, Asia, India, Australia, Middle East

On Microsoft Technologies with 1200 + on Microsoft Biz Apps

Inner Circle member 2021-22, Partner of the Year, India for BizApps 2021-22

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Delivering value through

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our innovative engagement models

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Customer-Specific Center of Excellence

• Governance • Value Co-creation

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• Leadership role

• SLAs and outcomes

• Strategic metrics

• Co-investment in IP

TECHNOLOGY | SKILLS | ASSETS | PROCESSES

Domain Knowledge | Technical Knowledge | Knowledge Management | Innovation | Process & Capability | Reusability

Charter

Commercial Models: Project-based | Outsourced | Output-based Build-Operate-Transfer | Turnkey-managed | Joint Venture

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With a team nurtured to make a difference

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Deeper roles
Customer
impact
Freedom
to contribute
Growth
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Regular exposure to newer technologies, evolving business scenarios, and building cross-functional expertise

Continuous exposure to clients to assess business impact of solutions delivered

Our flexible working style encourages ideation within broad boundaries

Early identification, mentoring, and nurturing of talent for growth by senior leaders

We need to take a pause and appreciate the drive and determination we have seen from every player on what is a complex effort and delivery. We commend you all for your effort…keep up the good work!

Director – Platform Systems, US Travel Leader

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Financials

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Strong Execution

International Services

• Platformation™ led growth

• IP led growth

• Alliance led growth

• Deeper revenue mining from existing clients leading to faster growth

• Acquiring new clients

• Strong sales hunting leading to acquiring of new clients

• Margin levers -platformation driven execution, onsite and offshore mix, utilization and revenue per person

• High-end service mix

• Digital execution and growth

• Consistent growth in revenues & margins over 9 years.

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Domestic Business

• Strong Customer Retention

• Established Customer Base

• Strategic shift towards cloud

• Addition of new strategic business lines for expansion

• Multi year annuity license sales

• Very strong credit and risk management

• Business managed on strong gross margin growth leading to good Profitability

• Consistent positive cash flow with zero working capital investment

• Globally leading ROCE and ROE

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Financial Management

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• Focus on high revenue rate realization and high margins business

• Focus on Reduction of DSO days

• Very strong positive cash generation and cash position

• Industry leading ROCE and ROE

• Sound capital allocation

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Consistent Growth Over Last 10 years

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Consolidated Revenue & EBITDA

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4,500 4,228
4,000 3,743
3,500
2,961
3,000
2,454
2,371
2,500
1,941
2,000
1,682
1,566
1,500 1,311
1,069
1,000
366 431 407
500 239 246 278
191
117
35 59
-
FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21
Revenue EBITDA
Amount in Rs Cr.
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Revenue trend for last 12 Quarters

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International Services
400
350
304 304 [313 330 325 ] 276 [288 301 ] [319 ] [324 ]
300
257 [275 284 ]
250
200
150
100
50
-
Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Revenue in Rs cr
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Domestic Business

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1,200
1,099
946
1,000 912
800 607 681 761
600 563 537 [574 ] 523
437
399
400 326
200
-
Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Revenue in Rs cr
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Consolidated Business
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1,600
1,396
1,400
1,269
1,237
1,076
1,200
929 [952 ]
1,000
844 836 [875 ]
804
800 688 703
593
600
400
200
-
Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Revenue in Rs cr
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Financial Performance of International Services – Q1 FY22

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Revenue in INR. Cr

EBITDA

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323.9
319.0
1.5% QoQ
17.5% YoY
275.8
Q1 FY21 Q4 FY21 Q1 FY22
INR in Crore
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Revenue in $ Mn

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$200.0
$180.0
$160.0 $180.8
$140.0
$120.0 $161.4 $160.3
$100.0 $144.0
$80.0 $121.5
$60.0
$40.0
$20.0
$-
FY 17 FY 18 FY 19 FY 20 FY 21
Years
Revenue in $Mn
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200.0 45.0%
180.0 40.0%
160.0 30.0% 35.0%
28.4%
140.0
30.0%
23.5%
120.0
25.0% 7.3 % QoQ
100.0
20.0%
80.0 97.1
90.5 15.0%
60.0 50.1 % YoY
40.0 64.7 10.0%
20.0 5.0%
0.0 0.0%
Q1 FY21 Q4 FY21 Q1 FY22
PAT
130.0 25.0%
19.7%
110.0 19.0%
20.0%
90.0
13.9%
15.0%
70.0
50.0 60.5 63.7 10.0%5.4 % QoQ
30.0
38.3
5.0%66.4% YoY
10.0
-10.0 Q1 FY21 Q4 FY21 Q1 FY22 0.0%
INR in Crore
INR in Crore
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International Business Revenue Growth

Revenue in $Million

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$50.0 $43.8 $44.5
$40.0 $36.5
$30.0 1.5 % QoQ
$20.0
21.9 % YoY
$10.0
$0.0
Q1 21 Q4 21 Q1 22
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Client Concentration

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80% 73%
71%
69%
65%
61%
59% 58%
60% 53% 53%
Top 5 Customer
40%
Top 10 Customer
Top 20 Customer
20%
0%
Q1 21 Q4 21 Q1 22
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New Customer added

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14 13
12
10 10
10
8
8
6
4
2
0
Q2 21 Q3 21 Q4 21 Q1 22
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No. of $Million Customers

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31
30
29
13 14 15
New
Existing
16 16 16
Q1 21 Q4 21 Q1 22
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Revenue by Geography 120%

Operational Performance – Q4 FY21

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20% 24% 24%
16% QoQ Growth
25% 25%
USA – 1.7%
Europe – 0.5%
64% ROW – 2.1%
51% 51%
Q1 21 Q4 21 Q1 22
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USA Europe Rest of World

No. of Customers by industry

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TTL, 9
ISV, 19
Retail (Essentials),
Others, 47
14
Retail (Non
Distribution &
Essentials), 16
Manufacturing, 58
Commodity
Business & Service
Industry, 14
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No. of Customers by Geo

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ANZ, 35
Europe, 40
Asia, 13
Middle East, 2
India, 27
US, 60
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Customer Category

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50
40
40 37
35
33
31
30 27
20
10
0
Q1 21 Q4 21 Q1 22
# of Fortune 500 accounts No. of Global 2000 customers
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Revenue by Vertical Mix

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100.0%
6.0% 7.0% 7.0%
90.0% 3.0% 1.5% 2.0%
6.0% 8.5% 9.1%
80.0%
20.0%
70.0% 21.4% 21.0%
60.0%
50.0% 29.0% 18.7% 17.8%
40.0%
10.2% 10.3%
4.0%
30.0%
20.0%
32.0% 32.7% 32.8%
10.0%
0.0%
Q1 21 Q4 21 Q1 22
ISV Travel
Others Distribution & Manufacturing
Retail (Essential) Retail (Non Essential)
Commodity business & Service Industry
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QoQ Trend
Vertical
Q2'21 Q3'21 Q4'21 Q1'22
Commodity business & Service Industry -13.5% 24.3% 7.1% 1.1%
Distribution & Manufacturing -2.3% 7.6% 11.8% -0.5%
ISV -4.6% 14.7% 9.2% 1.9%
Others 10.6% -11.5% -5.7% -3.5%
Retail (Essential) 62.4% 13.7% 13.7% 8.7%
Retail (Non Essential) -34.5% -39.6% 24.7% 35.4%
Travel -60.1% 5.2% 9.1% 2.9%
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QoQ Growth from focussed verticals ISV – 1.9% , Retail(Essential) – 8.7% Distribution and Manufacturing – (0.5%) Commodity business & service industry – 1.1%

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Revenue by high end Service Mix

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1.5% 0.7%
100.0% 2.3% 1.0% 0.8%
3.1%
90.0% 7.2% 11.1% 11.6%
80.0% 9.1% 10.7% 9.8%
70.0%
60.0% 34.0% 29.2% 29.3%
50.0%
40.0%
20.3% 20.5%
19.3%
30.0%
4.7% 4.5%
5.5%
20.0%
9.5% 9.7%
8.3%
10.0%
11.2% 12.0% 13.1%
0.0%
Q1 21 Q4 21 Q1 22
Data & Analytics Managed Cloud Services
IMS Microsoft Digital Platformation Services
Microsoft Dynamic Services Modern Validation and Dev Eng Mgmt Ser
Open Source Digital Platform Services Other ERP Services
Other Services
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QoQ Trend
Service Mix
Q2'21 Q3'21 Q4'21 Q1'22
Data & Analytics 18.6% 1.7% 7.1% 10.9%
Managed Cloud Services 8.4% 13.1% 12.3% 3.4%
IMS 8.2% -7.3% 1.8% -2.8%
Microsoft Digital Platformation Services 5.9% 9.1% 9.1% 2.5%
Microsoft Dynamic Services -12.2% 5.8% 11.1% 1.9%
Modern Validation and Dev Eng Mgmt Ser 43.4% 0.5% -2.3% -6.8%
Open Source Digital Platform Services 41.7% 15.7% 12.2% 6.1%
Other ERP Services -21.6% -20.0% -37.9% -18.8%
Other Services 15.0% -15.3% -19.1% -52.0%
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QoQ Growth from Digital based competencies Managed cloud services – 3.4% MSFT Digital Platformation services 2.5% Open source Digital platform services – 6.1%

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IP Led Revenue %

Platformation[TM] Revenue %

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35%
34%
35% 33% 33% 33%
20%
17% 18% 18% 18%
30%
25%
20%
15%
10% Q1 21 Q2 21 Q3 21 Q421 Q122
Q1 21 Q2 21 Q3 21 Q421 Q122
Platformation Revenue %
% of Contribution on Total Revenue
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Digital Revenue %

IP led & Platformation aligned to growth in competency wise growth

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75% 67% 68%
70% 60% 64%
65%
60% 54%
55%
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
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International Business - Revenue Enablers

Revenue by Onsite / Offshore Mix

Utilization & Billability

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95%
100%
89% 89%
88%
90% 90% 87%
80% 83%
85%
70% 62% 63% 65% 68% 68% 79% 79%
78%
60% 80% 77%
Offshore
Billability
50%
Onsite 75%
40% 70% Utilisation
70%
30%
20% 38% 37% 35% 32% 32% 65%
10%
60%
0%
Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Revenue per Billable HC
200,000 175,114 179,750 184,634 186,480 186,511
164,482
150,000
100,000
43,408 37,268 36,839 39,500 43,450 44,183
50,000
-
Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Onsite Rev/Billable HC Offshore Rev/Billable HC
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Human Capital

Overall Headcount

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4,400
4,250
4,200 4,111 4,102
240
3,997
4,000
267 3,885 257
182
256
3,800 G&A
183 262 178
S&M
177
3,600
Delivery
173
3,400 3,828
3,661 3,667
3,564
3,200 3,450
3,000
Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
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Headcount by Business Type

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4,400
4,250
4,200 4,111 4,102 149
3,997
145 146
4,000
3,885
146
3,800 141
Domestic
3,600 International
4,101
3,966 3,956
3,400 3,851
3,744
3,200
3,000
Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
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Domestic Business – Gross Contribution

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45.0
40.0 38.0 38.1 38.0
36.0
35.0 32.0 33.0
30.0 30.0 30.1
30.0
8.0%
25.0
20.0
5.8%
5.4%
5.2%
5.0%
15.0
4.4%
3.9% 4.0%
10.0 3.5%
5.0
0.0
Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Gross Contribution in INR Cr. Gross Contribution %
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Domestic Business - Revenue

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Domestic Revenue (Annuity/Others)

Domestic Revenue (Cloud/Non Cloud)

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36% 34% 32% 28% 26%
64% 66% 68% 72% 74%
Q1'21 Q2'21 Q3'21 Q4'21 Q1'22
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% of Revenue - Annuity Biz % of Revenue - others

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120%
100%
25% 24%
80% 41% 39% 37%
60%
40%
75% 76%
59% 61% 63%
20%
0%
Q1'21 Q2'21 Q3'21 Q4'21 Q1'22
Cloud Revenue % Non Cloud Revenue %
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Domestic business major revenue contribution from multi year annuity enterprise sales

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Domestic Business - Gross margin Analysis by customers

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Domestic Customer Count
100
90
80
70 36 44
60 34 35 37
50
40 26
24 24 16 17
30
20
10 27 24 24 27 27
0
Q1'21 Q2'21 Q3'21 Q4'21 Q1'22
> 1 cr >50 L upto 1 cr > 25 L upto 50L
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Domestic Customer by GC %

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120%
100%
11% 11% 16% 14%
11%
11% 9%
80% 10% 9% 9%
14% 14% 9% 9%
12%
60%
40%
65% 66% 60% 66% 68%
20%
0%
Q1'21 Q2'21 Q3'21 Q4'21 Q1'22
> 1 cr >50 L upto 1 cr > 25 L upto 50L Upto 25L
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Calculated based on annualized GC

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Gross Margin Analysis

in terms of Customer's revenue

Gross Margin Analysis

in terms of number of years of Association

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in terms of number of years of Association More than 500,000 crs 7%
100,000 - 500,000 crs 24%
> than 10 years 42% 50,000 - 100,000 crs 26%
30,000 - 50,000 crs 3%
5 - 10 years 21% 15,000 - 30,000 crs 3%
10,000 -15,000 crs 10%
3 - 5 years 7%
5,000 - 10,000 crs 8%
< than 3 years 30% 1,000 - 5,000 crs 10%
500 -1000 crs 5%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Less than 500 crs 4%
0% 5% 10% 15% 20% 25% 30%
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Top ~ 81 customers contribute to about 80% of Gross Margin

Strong customer retention - ~ 63% if Gross Margin contributed from customers associated for more than 5 years Established customer base - ~82% Gross Margin from customers with revenue greater than 1,000 crs

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EBITDA, PBT and PAT – last 12 Quarters

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Domestic Business

Domestic Business EBITDA

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35.0 31.8 [32.4 ]
30.0 27.0 27.3
23.2
25.0
19.6
20.0 16.7 [17.7 19.5 21.2 22.4 22.5 ] 16.9
15.0
10.0
5.0
-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
19 19 19 19 20 20 20 20 21 21 21 21 22
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Domestic Business PBT

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35.0
30.3 [31.0 ]
30.0
24.8 25.1
25.0 22.0
20.6 [21.0 21.0 ]
18.2
20.0
15.9 [16.4 ] [18.1 ] 15.8
15.0
10.0
5.0
-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
19 19 19 19 20 20 20 20 21 21 21 21 22
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Domestic Business PAT

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25.0 22.6 [23.0 ]
20.0 18.1
16.1 16.6 13.6
15.0 12.4
11.6
10.4 [11.0 12.0 12.9 13.7 ]
10.0
5.0
-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
19 19 19 19 20 20 20 20 21 21 21 21 22
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Strategic Investment

M&A Investment

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46.3
50.0
39.5
40.0
30.0
20.0
13.4
10.0 4.3
0.6
-
FY 17 FY 18 FY 19 FY 20 FY 21
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IP & R&D Investment
32.3
35.0
28.3
30.0
25.2
22.2
25.0 20.4
20.0
15.0
10.0
5.0
-
FY 17 FY 18 FY 19 FY 20 FY 21
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S&M Investment
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70.0 62.9
60.0 52.3
49.2
50.0 42.2
36.7
40.0
30.0
20.0
10.0
-
FY 17 FY 18 FY 19 FY 20 FY 21
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Lower S&M cost in FY21 due to reduction in travel cost

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International and Domestic ROCE & RONW

ROCE

RONW

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40% 37%
36%
35%
29% 29%
30% 33% 32%
28%
20% 23% 23%
10%
0%
Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
International Business Domestic Business
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40% 39% 39% 38%
32%
31%
35%
30% 33%
30%
24%
20%
22%
10%
0%
Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
International Business Domestic Business
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Capital Allocation

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30,000
27,693
24,927
24,396
25,000
21,295
19,253
20,000
15,859 15,634
15,000
13,369 13,408
11,042
9,464 9,464
10,000
7,361
5,000 4,206
-
FY15 FY16 FY17 FY18 FY19 FY20 FY21
Consolidated PAT Share Holders Payout
Amount in Rs. lakhs
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Cash Deployment

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3%
Capex
39%
48% Share holder Payout
Acquisition
Invested
10%
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Days Sales Outstanding

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Consolidated DSO

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70
58
60 55
50
47
50 44 45 43
38
37
40
30
20
10
0
Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
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International Services DSO
57
60
47 47
50 44
41 42
37
36 36
40
30
20
10
0
Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
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Domestic Services DSO

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70 63
59
57
60
52
49
47
50 43
39
40 33
30
20
10
0
Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
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Credit Management – Domestic Business

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Average Borrowings & Interest Cost
140 14,000
120 12,000
100 10,000
80 8,000
60 6,000
40 4,000
20 2,000
- -
Average Borrowing Interest Cost
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Domestic Business
1,200 1,099
946
1,000 912
761
800
681
607
574
600 523
399
400
200 129 186 209 156 153 170 175 203 219
-
Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Revenue Networking Capital
amount in rs cr
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Thank you

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