Sonata has acquired the balance equity in Offshore Digital Services Inc (ODSI) for a consideration of Rs 9 m in, as a result ODSI is now a subsidiary of Sonata.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
Diluted number of shares
Diluted Earnings per share*
In March, The Franklin Templeton Group of USA had invested about Rs 275 m in 5 m preferential shares of Sonata. The price paid was Rs 53.4 per share.
At the current market price of Rs 16, the stock is trading at a P/E multiple of 3 times its 1QFY02 annualised earnings. Considering the uncertain prospects of the sector and the fact that the company is not amongst the top software companies, it is unlikely that the stock will see any appreciation in the near future.
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