Sonata Software Ltd posts Rs. 57.20 crore consolidated net profit in Q2 FY2020-21

SONATA SOFTWARE LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.806.21 crores during the period ended September 30, 2020 as compared to Rs.955.57 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.57.20 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.49.92 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.5.50 for the period ended September 30, 2020 as compared to Rs.4.80 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 806.21 crs	₹ 955.57 crs	-15.63%
Net Profit	₹ 57.20 crs	₹ 49.92 crs	14.58%
EPS	₹ 5.50	₹ 4.80	14.58%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.806.21 crores during the period ended September 30, 2020 as compared to Rs.723.91 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.57.20 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.72.24 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.5.50 for the period ended September 30, 2020 as compared to Rs.6.95 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 806.21 crs	₹ 723.91 crs	11.37%
Net Profit	₹ 57.20 crs	₹ 72.24 crs	-20.82%
EPS	₹ 5.50	₹ 6.95	-20.86%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1761.78 crores during the 6 months period ended September 30, 2020 as compared to Rs.1615.32 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.107.12 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.139.29 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.10.31 for the 6 months period ended September 30, 2020 as compared to Rs.13.40 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 1761.78 crs	₹ 1615.32 crs	9.07%
Net Profit	₹ 107.12 crs	₹ 139.29 crs	-23.1%
EPS	₹ 10.31	₹13.40	-23.06%

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said, These last two quarters have been unprecedented in the speed of evolution of events and the impact it has had on businesses globally. We as an organization have acted with great resilience and have strengthened systems and processes to operate effectively across all our business functions. As mentioned, our overall strategy of creating digital enterprises by creating platform through our unique Platformation™ methodology is more relevant in the current context with more digitization and automation. The results this quarter reflect a successful response and execution of strategy aimed to grow with existing clients and add new clients. With a clear visibility in the immediate future, we are now focused on investing for long term growth in talent, IP and competency development.

Shares of SONATA SOFTWARE LTD. was last trading in BSE at Rs.331.25 as compared to the previous close of Rs. 339.55. The total number of shares traded during the day was 31633 in over 1591 trades.

The stock hit an intraday high of Rs. 344.6 and intraday low of 328.5. The net turnover during the day was Rs. 10604375.

Source : Equity Bulls

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