Sonata Software Q1 net profit jumps 49.77% at Rs 89.70 cr
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The company reported standalone net profit of Rs 89.70 crore for the quarter ended June 30, 2022 as compared to Rs 59.89 crore in the same period last year, registering a year-on-year growth of 49.77 per cent. Net revenue of the company rose moderately by 15.70 per cent at Rs 218.51 crore in April-June quarter of this fiscal as against Rs 188.86 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 19.01 per cent to Rs 178.02 crore from Rs 149.59 crore in year ago period. Other Income grew by 58.23 per cent at Rs 66.60 crore versus (Jun'21 Rs 42.09 crore). Operating Profit surged by 3.11 per cent to Rs 40.49 crore as against Rs 39.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.87 per cent in June quarter. Interest declined by 24.70 per cent y-o-y to Rs 1.89 crore, while Taxation decreased by 22.63 per cent at Rs 11.08 crore (Jun'21 Rs 14.32 crore).
