Sonata Software declines on reporting marginal fall in Q4 consolidated net profit
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Sonata Software is currently trading at Rs. 550.00, down by 87.40 points or 13.71% from its previous closing of Rs. 637.40 on the BSE.
The scrip opened at Rs. 554.80 and has touched a high and low of Rs. 569.25 and Rs. 538.90 respectively. So far 180092 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 867.10 on 27-Feb-2024 and a 52 week low of Rs. 402.50 on 15-May-2023.
Last one week high and low of the scrip stood at Rs. 697.20 and Rs. 538.90 respectively. The current market cap of the company is Rs. 15235.48 crore.
The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 33.00% and 38.84% respectively.
Sonata Software has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 47.63% rise in its net profit at Rs 51.67 crore for the quarter under review as compared to Rs 35.00 crore for the same quarter in the previous year. However, total income of the company decreased by 1.25% at Rs 276.68 crore for Q4FY24 as compared Rs 280.18 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 3.00% fall in its net profit at Rs 110.36 crore for fourth quarter ended March 31, 2024 as compared to Rs 113.77 crore for the same quarter in the previous year. However, total income of the company increased by 15.88% at Rs 2,246.31 crore for Q4FY24 as compared Rs 1,938.47 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 62.82% rise in net profit at Rs 358.80 crore as compared to Rs 220.37 crore for the previous year. Total income of the company increased by 18.86% at Rs 1,284.34 crore for year under review as compared to Rs 1,080.54 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 31.73% fall in its net profit at Rs 308.50 crore as compared to Rs 451.90 crore for the previous year. However, total income of the company increased by 12.36% at Rs 8,738.61 crore for year under review as compared to Rs 7,519.94 crore for year ended March 31, 2023.
