Sonata Software Ltd. — Investor Presentation 2021

May 12, 2021

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12[th] May, 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 year ended 31[st] March, 2021.

The aforesaid details are also made available at the Company’s website www.sonata-software.com.

Kindly take the same on record.

Thanking you,

For Sonata Software Limited

MANGAL Digitally signed by MANGAL KRISHNARAO KRISHNARAO KULKARNI Date: 2021.05.12 17:41:25 KULKARNI +05'30'

Mangal Kulkarni

Company Secretary, Compliance Officer and Head-Legal

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Sonata Software

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Investor Presentation

Q4 2021

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© Sonata Software Ltd, 2020. Confidential.

1

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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 Software Ltd, 2020. Confidential.

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 Vision into differentiated strategy Summed up in 4 P’s

P A R T N E R S

P E O P L E

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HOW SONATIANS ROCK AT DELIVERING ON CLIENT GOALS…

THE SWEET SOUND OF SOCIAL GOOD…

Focus on Talent – building an eco system for aspirations of sonatians

Commitment to SDG & Sustainability goals

P L A T F O R M S

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THE SOUND OF MUSIC ORCHESTRATED ON SONATA’S PRODUCTS & PLATFORMS

PLATFORMATION[TM] – PLAYING TOPPING THE CHARTS WITH THE PERFECT CHORDS OF RELENTLESS FOCUS ON BUSINESS EXCELLENCE ENGINEERING EXCELLENCE

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A STORY OF SUBLIME GRACE & PERFECT TIMING WITH OUR PARTNER, MICROSOFT

ONE TEAM. ONE DREAM. ONE SONGBOOK.

Long term relationships with clients

360-degree strategic partnership with Microsoft

P E R F O R M A N C E

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Clients trust sonata’s track record and expertise to run core business transformation initiatives

THE INCREDIBLE SONATA GROWTH STORY HITS A HIGH NOTE…

Platformation™ sonata’s proprietary model for © Sonata Software Ltd, 2020. Confidential.digital transformation

DNA of Engineering excellence and investment in advanced technologies

Differentiated industry value proposition based on world class IP

Industry leading growth across revenue, profits and stock performance

Running mission critical applications 4 24/7 in cloud on our IP

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 thru 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

25 Years

360 Partner Partnership

15 Gold certified competencies. Skills in D ynamics 365, Power BI, Cortana, Azure, .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

DIGITAL TRANSFORMATION for Retail, Consumer goods, Distribution, Commodity Trading, Field Service, Travel, ISV

STRATEGIC

ON MS DYNAMICS & AZURE

ACQUISITIONS

Brick & Click, Modern Distribution, Commodity Trading, Rezopia, Kartopia, Halosys, Rapid

Scalable Data Systems, Sopris Systems & IBIS Inc Investment in Retail 10X

Clients

2500+ TEAM

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

On Microsoft Technologies with 1200 + on Microsoft Biz Apps

Over 230M+ USD pa revenues to Microsoft across service lines

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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

• Growth from existing clients

• Acquiring new clients

• Strong growth in new clients

• Alliance led growth

• IP led growth

• Platformation™ led growth

• Margin levers on utilization and revenue per person

• High-end service mix

• Digital execution and growth

• Consistent growth in revenues & margins over 8 years

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Domestic Business

• Strong Customer Retention

• Established Customer Base

• Multi year annuity license sales ensure revenue continuity & growth

• Very strong credit and risk management

• Strategic shift towards cloud .

• Addition of new strategic business lines for expansion

• Business managed on gross margin growth hence profitability .

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Financial Management

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• Focus on ROCE and RONW

• Focus on margins

• Focus on Reduction of DSO days

• Focus on strong cash management

• Sound capital allocation

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© Sonata Software Ltd, 2020. Confidential.

Revenue trend for last 12 Quarters

International Services

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400
350 313 330 325 301 319
304 304 276 288
300
242 257 275 284
250
200
150
100
50
-
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
18 19 19 19 19 20 20 20 20 21 21 21 21
revenue in Rs cr
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Domestic Business

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1,200
1,099
1,000 912
800 607 761
681
563
600 537 [574 ] 523
389 [437 ] 399
400 326
200
-
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
18 19 19 19 19 20 20 20 20 21 21 21 21
revenue in Rs cr
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Consolidated Business

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1,600
1,396
1,400
1,237
1,076
1,200
929 [952 ]
1,000
844 836 [875 ]
804
800 703
626 [688 ]
593
600
400
200
-
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
18 19 19 19 19 20 20 20 20 21 21 21 21
revenue in Rs cr
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Financial Performance of International Services – Q4 FY21

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EBITDA
200.0 45.0%
180.0 40.0%
160.0 29.0% 28.4% 35.0%
140.0
30.0%
120.0 22.2%
25.0%
100.0
20.0%
80.0 3.8 % QoQ
60.0 87.2 90.5 15.0%
40.0 72.3 10.0%
20.0 5.0% 25.2 % YoY
0.0 0.0%
Q4 FY20 Q3 FY21 Q4 FY21
INR in Crore
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Revenue in INR. Cr

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325.5
319.0 6.0 % QoQ
-2.0 % YoY
300.9
Q4 FY20 Q3 FY21 Q4 FY21
INR in Crore
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Revenue in $ Mn

PAT

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130.0 25.0%
$200.0 110.0 19.0%
20.0%
$150.0 $180.8 90.0
$161.4 $160.3 13.9% 13.8% 15.0%
$144.0 70.0
$100.0
$121.5
-11.4 % YoY
50.0 45.9 % QoQ
$50.0 60.5 10.0%
30.0 45.2 41.4
$- 33.7% YoY
5.0%
FY 17 FY 18 FY 19 FY 20 FY 21 10.0
Axis Title -10.0 Q4 FY20 Q3 FY21 Q4 FY21 0.0%
Revenue in $Mn
INR in Crore
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International Business Revenue Growth

Revenue in $Million

New Customer added

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$45 $44
$44
$44
$43
7.0 % QoQ
$42
$41
$41
-1.2 % YoY
$40
$39
Q4 20 Q3 21 Q4 21
Client Concentration
80% 73% 71% 71%
64%
62% 61%
57%
60% 54% 53%
Top 5 Customer
40%
Top 10 Customer
20% Top 20 Customer
0%
Q4 20 Q3 21 Q4 21
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12
10 10
10
8
8
6
6
4
2
0
Q1 21 Q2 21 Q3 21 Q4 21
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No. of $Million Customers

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30
29
28
12 13 14
New
Existing
16 16 16
Q4 20 Q3 21 Q4 21
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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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Operational Performance – Q4 FY21

Revenue by Geography

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16%
22% 24%
QoQ Growth
30%
26% 25% USA – 5.3%
Europe – 4.5%
ROW – 13.1%
54% 52% 51%
Q4 20 Q3 21 Q4 21
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USA Europe Rest of World

No. of Customers by industry

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ISV, 16
Others, 45 Retail
TTL, 8 (Essentials), 13
Retail (Non
Essentials), 14
Commodity
Distribution &
Business &
Manufacturing,
Service Industry,
54
14
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No. of Customers by Geo

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ANZ, 31
Europe, 37
Asia, 12
Middle East, 2
India, 25
US, 57
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Customer Category

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40 37 37
35
31 31
30
30
25
25
20
15
10
5
0
Q4 20 Q3 21 Q4 21
# of Fortune 500 accounts No. of Global 2000 customers
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Revenue by Vertical Mix

Revenue by high end Service Mix

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100.0% 6.0% 7.0% 7.0% 100.0%
3.0% 1.3% 1.5%
90.0% 90.0%
4.0% 8.0% 8.5%
80.0%
18.0% 80.0%
20.5% 21.4%
70.0%
70.0%
60.0% 20.0%
60.0%
21.2% 18.7%
50.0%
50.0%
40.0%
22.0% 10.0% 10.2%
40.0%
30.0%
20.0% 30.0%
32.0% 32.7%
27.0%
10.0% 20.0%
0.0%
10.0%
Q4 20 Q3 21 Q4 21
0.0%
ISV Travel
Others Distribution & Manufacturing
Retail (Essential) Retail (Non Essential)
Commodity business & Service Industry
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100.0% 2.0% 2.0% 1.5%
4.0% 1.7% 1.0%
90.0% 10.6% 11.1%
13.1%
80.0% 11.7% 10.7%
14.7%
70.0%
60.0% 28.1% 29.2%
27.7%
50.0%
40.0%
19.9% 20.3%
30.0% 16.6%
4.9% 4.7%
20.0% 5.4%
9.1% 9.5%
8.1%
10.0%
12.0% 12.0%
8.4%
0.0%
Q4 20 Q3 21 Q4 21
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 Growth from focussed verticals ISV – 9.3% , Retail(Essential) – 13.7% Distribution and Manufacturing – 11.8% Commodity business & service industry – 7.1% © Sonata Software Ltd, 2020. Confidential.

QoQ Growth from Digital based competencies Managed cloud services – 12.3% MSFT Digital Platformation services 9.2% Open source Digital platform services – 12.3%

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IP Led Revenue %

Platformation[TM] Revenue %

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40%
34%
35% 33% 33% 33%
30%
25% 25%
25%
20%
15%
10%
5%
0%
Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q421
% of Contribution on Total Revenue
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19%
34
33 33
18% 30
27
18%
17%
17% 18% 18%
18%
17%
16%
16%
16%
15%
Q4 20 Q1 21 Q2 21 Q3 21 Q421
Platformation Revenue % No. of Customers
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IP led & Platformation aligned to growth in competency wise growth

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Digital Revenue %

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75%
67%
70%
64%
65% 60%
60%
54%
55%
50%
45%
38%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
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International Business - Revenue Enablers

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Revenue by Onsite / Offshore Mix Utilization & Billability
95%
100%
89% 89%
90% 90% 87%
85%
80%
70% 59% 62% 63% 65% 68% 85% 83%
79% 79%
60% Offshore 80% 77%
50% 75% Billability
Onsite 75%
Utilisation
40% 70%
30% 70%
20% 41% 38% 37% 35% 32%
65%
10%
60%
0%
Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
Revenue per Billable HC
200,000 175,114 179,750 184,634 186,480
167,915 164,482
150,000
100,000
50,000 42,049 43,408 37,268 36,839 39,500 43,450
-
Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
Onsite Rev/Billable HC Offshore Rev/Billable HC
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Human Capital

Overall Headcount

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4,400
4,400
4,211
4,200 4,111 4,102
4,200
235 3,997
4,000 267 3,885 257 4,000
185 256
3,800 G&A 3,800
183 262 178
177 S&M
3,600 3,600
173
Delivery
3,400 3,791 3,400
3,661 3,667
3,564
3,200 3,450 3,200
3,000
3,000
Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
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Headcount by Business Type

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4,211
4,111 4,102
145
3,997
145 146
3,885
146
141
Domestic
International
4,066
3,966 3,956
3,851
3,744
Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
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Domestic Business – Gross Contribution

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45.0
38.0 38.1
40.0 36.0
33.0
32.0
35.0
30.0 30.0 30.1
29.0
30.0
8.0%
25.0
20.0
5.8%
5.5% 5.4%
15.0 5.2% 5.0%
4.4%
10.0 3.9%
3.5%
5.0
0.0
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
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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28%
36% 36% 34% 32%
72%
64% 64% 66% 68%
Q4'20 Q1'21 Q2'21 Q3'21 Q4'21
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% of Revenue - Annuity Biz % of Revenue - others

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120%
100%
25%
80% 43% 41% 39% 37%
60%
40%
75%
57% 59% 61% 63%
20%
0%
Q4'20 Q1'21 Q2'21 Q3'21 Q4'21
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

Domestic Customer by GC %

Domestic Customer Count

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120%
100%
12% 11% 11% 16%
11%
11% 9%
80% 11% 10% 9%
12% 14% 14% 9%
12%
60%
40%
64% 65% 66% 60% 66%
20%
0%
Q4'20 Q1'21 Q2'21 Q3'21 Q4'21
> 1 cr >50 L upto 1 cr > 25 L upto 50L Upto 25L
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100
90
80
70 36 44
40 34
60 35
24
50
40 26
22 24 24 16
30 25
20
10 19 25 27 24 24 27
0
Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21
> 1 cr >50 L upto 1 cr > 25 L upto 50L
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Calculated based on annualized GC Gross Margin Analysis
in terms of number of years of Association
> than 10 years 39%
5 - 10 years 24%
3 - 5 years 7%
< than 3 years 30%
0% 10% 20% 30% 40% 50%
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Top ~ 78 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
30.0 27.0 27.3
25.0 21.2 22.4 22.5 23.2
20.0 15.4 15.8 16.7 17.7 19.5 16.9 19.6
15.0
10.0
5.0
-
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
18 18 19 19 19 19 20 20 20 20 21 21 21 21
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Domestic Business PBT

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35.0
30.3
30.0
24.8 25.1
25.0 22.0
20.6 [21.0 21.0 ]
20.0 18.2
15.8
14.0 [14.8 ][15.9 16.4 ][18.1 ]
15.0
10.0
5.0
-
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
18 18 19 19 19 19 20 20 20 20 21 21 21 21
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Domestic Business PAT
25.0 22.6
20.0 18.1
16.1 16.6
13.6
15.0
12.4
11.6
9.2 [9.7 10.4 ][11.0 12.0 12.9 13.7 ]
10.0
5.0
-
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
18 18 19 19 19 19 20 20 20 20 21 21 21 21
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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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ROCE
40% 36%
35% 35%
29% 29%
30%
33%
30%
28%
20%
23% 23%
10%
0%
Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
International Business Domestic Business
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RONW
45%
39% 39%
40% 35%
32%
35% 31%
30% 35%
25% 30%
29%
20% 24%
22%
15%
10%
5%
0%
Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
International Business Domestic Business
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Capital Allocation

Cash Deployment

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30,000
27,693
24,927
24,396
25,000
21,295
3%
19,253
20,000
15,859 15,634
15,000 Capex
13,369 13,408
39%
11,042 48% Share holder Payout
9,464 9,464
10,000 Acquisition
7,361
Invested
4,206
5,000
10%
-
FY15 FY16 FY17 FY18 FY19 FY20 FY21
Consolidated PAT Share Holders Payout
Amount in Rs. lakhs
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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 44 45
43
37
40
30
20
10
0
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
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International Services DSO
57
60
47 47
50 44
41 41 42
40 36 36
30
20
10
0
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
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Domestic Services DSO

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70 63
59
57
60
52
49
47 47
50 43
40 33
30
20
10
0
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
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Credit Management – Domestic Business

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Average Borrowings & Interest Cost

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140 14,000
120 12,000
100 10,000
80 8,000
60 6,000
40 4,000
20 2,000
- -
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
FY17 FY17 FY17 FY17 FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21
Average Borrowing Interest Cost
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Domestic
1,200 1,099
1,000 912
761
800 681
607
574
600 537 523
399
400
200 110 129 186 209 156 153 170 175 203
-
Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
Revenue Networking Capital
amount in rs cr
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Thank you

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