Sonata Software shines on reporting 10% rise in Q2 consolidated net profit
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Sonata Software is currently trading at Rs. 1083.65, up by 41.25 points or 3.96% from its previous closing of Rs. 1042.40 on the BSE.
The scrip opened at Rs. 1076.75 and has touched a high and low of Rs. 1101.50 and Rs. 1049.25 respectively. So far 64796 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1156.00 on 20-Oct-2023 and a 52 week low of Rs. 510.00 on 31-Oct-2022.
Last one week high and low of the scrip stood at Rs. 1156.00 and Rs. 1030.50 respectively. The current market cap of the company is Rs. 15170.98 crore.
The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 31.37% and 40.45% respectively.
Sonata Software has reported above 5 - fold jump in its net profit at Rs 168.47 crore for second quarter ended September 30, 2023 (Q2FY24) as compared to Rs 30.97 crore for the same quarter in the previous year. Total income of the company increased by 69.07% at Rs 403.14 crore for Q2FY24 as compared Rs 238.45 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 10.17% rise in its net profit at Rs 124.17 crore for the quarter under review as compared to Rs 112.71 crore for the same quarter in the previous year. Total income of the company increased by 28.44% at Rs 1935.77 crore for Q2FY24 as compared Rs 1507.09 crore for the corresponding quarter previous year.
