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Stock Report
Sonata Software Ltd Q1FY21 consolidated PAT falls to Rs. 49.92 crore
Posted On : 2020-08-10 16:01:18( TIMEZONE : IST )
SONATA SOFTWARE LTD. has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.955.57 crores during the period ended June 30, 2020 as compared to Rs.940.86 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.49.92 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.61.79 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.4.80 for the period ended June 30, 2020 as compared to Rs.5.95 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 955.57 crs | ₹ 940.86 crs |  1.56% |
| Net Profit | ₹ 49.92 crs | ₹ 61.79 crs |  -19.21% |
| EPS | ₹ 4.80 | ₹ 5.95 | -19.33% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.955.57 crores during the period ended June 30, 2020 as compared to Rs.891.41 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.49.92 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.67.05 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.4.80 for the period ended June 30, 2020 as compared to Rs.6.45 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 955.57 crs | ₹ 891.41 crs | 7.2% |
| Net Profit | ₹ 49.92 crs | ₹ 67.05 crs | -25.55% |
| EPS | ₹ 4.80 | ₹ 6.45 | -25.58% |
Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said: "These last few months have been unprecedented in the speed of evolution of events and the impact it has had on businesses globally. Our immediate focus was obviously to ensure the employee safety and organise ourselves to deliver services remotely globally with work from home measures implemented effectively. We have been able to move 100% of our work force to work remotely/ from home and been able to create and implement processes to deliver different kinds of services to our clients extremely effectively.
As mentioned last quarter our overall strategy of creating digital enterprises by creating platform through our unique PlatformationTM methodology is more relevant in the new normal with more digitisation, automation and contactless operations. The results this quarter bear fruit of a successful response and execution of the above strategies with results better than forecasted. We are also glad to report that the acquisitions we made last year Sopris and Scalable have created opportunities in industries like utilities and commodity and Agri based businesses. GBW our latest acquisition is in the customer experience space (CX) is another large emerging opportunity in the digital transformation pace. We believe this augurs well for growth in the next few quarters."
Shares of SONATA SOFTWARE LTD. was last trading in BSE at Rs.287.6 as compared to the previous close of Rs. 289.75. The total number of shares traded during the day was 40140 in over 1327 trades.
The stock hit an intraday high of Rs. 293.5 and intraday low of 284.55. The net turnover during the day was Rs. 11616854.
