SONATA SOFTWARE Announces Quarterly Results (1QFY20); Net Profit Up 16.8%

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SONATA SOFTWARE Announces Quarterly Results (1QFY20); Net Profit Up 16.8%
Thu, 8 Aug

SONATA SOFTWARE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SONATA SOFTWARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6,8838,3568,7464.7%27.1%
Other incomeRs m7975168124.0%113.8%
TurnoverRs m6,9628,4308,9145.7%28.0%
ExpensesRs m6,1507,4717,8505.1%27.7%
Gross profitRs m7528938960.3%19.1%
DepreciationRs m294090123.2%208.6%
InterestRs m7738438.0%470.1%
Profit before taxRs m7959219361.7%17.8%
TaxRs m221268266-0.7%20.3%
Profit after taxRs m5746546712.6%16.8%
Gross profit margin%10.910.710.2
Effective tax rate%27.829.028.4
Net profit margin%8.27.87.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 27.1% on a year-on-year (YoY) basis. The expenses were up by 27.7% YoY during the same period.
  • The company's operating profit increased by 19.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 1QFY20 as against 10.9% in 1QFY19.
  • Depreciation charges increased by 208.6% and finance costs increased by 470.1% YoY, respectively.
  • Other income increased by 113.8% YoY during the quarter.
  • Net profit for the quarter increased by 16.8% YoY. Net profit margins during the quarter declined from 8.2% in 1QFY19 to 7.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.1% QoQ during the same period.
  • The company's operating profit declined by 0.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 1QFY20 as against 10.7% in 4QFY19.
  • Net profit for the quarter increased by 2.6% QoQ, while net profit margins declined from 7.8% in 4QFY19 to 7.5% in 1QFY20.

To see how SONATA SOFTWARE has performed over the last eight quarters,please visit here.

SONATA SOFTWARE Share Price Performance

Over the last one year,SONATA SOFTWARE share price has moved up from Rs 314.7 to Rs 322.9, registering a Gain of Rs 8.2 or around 2.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,942.9 (up 1.9%). Over the last one year it has moved up from 14,566.6 to 15,942.9, a gain of 1,376 points (up 9.4%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 322.9, the price to earnings (P/E) ratio of SONATA SOFTWARE stands at 13.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.4 times.

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