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Sonata Software Ltd Q1FY22 consolidated net profit rises to Rs. 86.73 crore

Posted On: 2021-08-04 12:06:17 (Time Zone: UTC)

Sonata Software Ltd. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1296.69 crores during the period ended June 30, 2021 as compared to Rs.1094.63 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.86.73 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.83.06 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.8.34 for the period ended June 30, 2021 as compared to Rs.7.99 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 1296.69 crs₹ 1094.63 crsUp Tick 18.46%
Net Profit₹ 86.73 crs₹ 83.06 crsUp Tick 4.42%
EPS₹ 8.34₹ 7.99Up Tick 4.38%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1296.69 crores during the period ended June 30, 2021 as compared to Rs.955.57 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.86.73 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.49.92 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.8.34 for the period ended June 30, 2021 as compared to Rs.4.80 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 1296.69 crs₹ 955.57 crsUp Tick 35.7%
Net Profit₹ 86.73 crs₹ 49.92 crsUp Tick 73.74%
EPS₹ 8.34₹ 4.80Up Tick 73.75%

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said: Our overall strategy of building digital enterprises by creating platforms through our unique Platformation™ methodology has proven more relevant in the current context with greater reliance and investments by enterprises in digitization and automation. Our investments to create a stronger organization in the quality of clients, relationships, and internal investments, in creating world class competencies aligned to Platformation™ across platform engineering, cloud transformation, data analytics and Microsoft Dynamics, have created the required market impact. We see the demand situation being extremely satisfactory with growth in existing accounts and new deal pipeline. In view of super high demand for talent, we have a comprehensive talent plan in place for digital focussed skills, for talent retention, creating talent in advance and expanding our delivery centres with near shore delivery centres for US and Europe. Our acquisition of Encore is promising as it gives us access to fast the growing health care provider segment and expanding our cloud footprint apart from a new delivery location in Chennai.

With continued clear visibility and business opportunity, we stay focused now on investing for long term growth, in talent acquisition and transformation, IP and competency development.

Shares of Sonata Software Ltd. was last trading in BSE at Rs. 808.65 as compared to the previous close of Rs. 785. The total number of shares traded during the day was 96449 in over 7233 trades.

The stock hit an intraday high of Rs. 820 and intraday low of 785.55. The net turnover during the day was Rs. 78000103.

Source: Equity Bulls

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