SONATA SOFTWARE Announces Quarterly Results (2QFY20); Net Profit Up 16.2%

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SONATA SOFTWARE Announces Quarterly Results (2QFY20); Net Profit Up 16.2%
Tue, 5 Nov

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

SONATA SOFTWARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m5,9318,7467,031-19.6%18.5%
Other incomeRs m16716820824.2%24.9%
TurnoverRs m6,0988,9147,239-18.8%18.7%
ExpensesRs m5,1917,8506,126-22.0%18.0%
Gross profitRs m7408969051.0%22.3%
DepreciationRs m2990922.8%218.3%
InterestRs m103835-7.9%270.5%
Profit before taxRs m8699369865.3%13.6%
TaxRs m247266264-0.7%6.9%
Profit after taxRs m6226717227.7%16.2%
Gross profit margin%12.510.212.9
Effective tax rate%28.428.426.7
Net profit margin%10.27.510.0
* 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 18.5% on a year-on-year (YoY) basis. The expenses were up by 18.0% YoY during the same period.
  • The company's operating profit increased by 22.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 2QFY20 as against 12.5% in 2QFY19.
  • Depreciation charges increased by 218.3% and finance costs increased by 270.5% YoY, respectively.
  • Other income increased by 24.9% YoY during the quarter.
  • Net profit for the quarter increased by 16.2% YoY. Net profit margins during the quarter declined from 10.2% in 2QFY19 to 10.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.0% QoQ during the same period.
  • The company's operating profit increased by 1.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 2QFY20 as against 10.2% in 1QFY19.
  • Net profit for the quarter increased by 7.7% QoQ, while net profit margins increased from 7.5% in 1QFY19 to 10.0% in 2QFY20.

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

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

SONATA SOFTWARE Share Price Performance

Over the last one year,SONATA SOFTWARE share price has moved up from Rs 312.6 to Rs 315.3, registering a Gain of Rs 2.8 or around 0.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,316.4 (down 0.7%). Over the last one year it has moved up from 14,088.2 to 15,316.4, a gain of 1,228 points (up 8.7%).

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 315.3, the price to earnings (P/E) ratio of SONATA SOFTWARE stands at 12.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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For the quarter ended December 2020, SONATA SOFTWARE has posted a net profit of Rs 538 m (down 29.1% YoY). Sales on the other hand came in at Rs 14 bn (up 12.9% YoY). Read on for a complete analysis of SONATA SOFTWARE's quarterly results.

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