SONATA SOFTWARE Announces Quarterly Results (3QFY20); Net Profit Up 18.7%

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SONATA SOFTWARE Announces Quarterly Results (3QFY20); Net Profit Up 18.7%
Mon, 27 Jan

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

SONATA SOFTWARE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8,4407,03112,36975.9%46.6%
Other incomeRs m-4720886-58.8%
TurnoverRs m8,3927,23912,45572.0%48.4%
ExpensesRs m7,4426,12611,27284.0%51.5%
Gross profitRs m9989051,09721.2%9.9%
DepreciationRs m309291-0.8%209.5%
InterestRs m11354322.2%305.7%
Profit before taxRs m9119861,0486.3%15.1%
TaxRs m2712642909.8%6.8%
Profit after taxRs m6397227595.0%18.7%
Gross profit margin%11.812.98.9
Effective tax rate%29.826.727.6
Net profit margin%7.610.06.1
* 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 46.6% on a year-on-year (YoY) basis. The expenses were up by 51.5% YoY during the same period.
  • The company's operating profit increased by 9.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.9% in 3QFY20 as against 11.8% in 3QFY19.
  • Depreciation charges increased by 209.5% and finance costs increased by 305.7% YoY, respectively.
  • Other income declined by 281.2% YoY during the quarter.
  • Net profit for the quarter increased by 18.7% YoY. Net profit margins during the quarter declined from 7.6% in 3QFY19 to 6.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 75.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 84.0% QoQ during the same period.
  • The company's operating profit increased by 21.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.9% in 3QFY20 as against 12.9% in 2QFY19.
  • Net profit for the quarter increased by 5.0% QoQ, while net profit margins declined from 10.0% in 2QFY19 to 6.1% in 3QFY20.

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 318.6 to Rs 348.8, registering a Gain of Rs 30.2 or around 9.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,152.0 (down 0.5%). Over the last one year it has moved up from 14,784.4 to 16,152.0, a gain of 1,368 points (up 9.3%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 348.8, 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 4.8 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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