Sonata Software logs 24% yoy growth in PAT at Rs107.80 crore in Q1FY23; revenue jumps 40% yoy

26 Jul 2022 , 10:16 AM

Sonata Software Limited has announced its results for the quarter ended June 2022 and reported exemplary growth during the period.

The company has reported consolidated revenue of Rs1,778.90 crore in Q1FY23 as compared to Rs1,268.50 crore in the previous corresponding quarter, registering a growth of 40% yoy. It grew 22% sequentially against revenue at Rs1,463.60 crore in quarter ended March 2022.

Company’s Consolidated EBITDA during the quarter under review stood at Rs159.80 crore, as against Rs129.10 crore in the quarter ended June 2021, clocking a growth of 24% yoy, and 4% on a QoQ basis.

Sonata’s Consolidated PAT for Q1FY23 registered a growth of 24% yoy at Rs107.80 crore as compared to Rs86.70 crore in Q1FY22. While during the previous quarter it reported a PAT of Rs100.90 crore.

The company stated that talent management continues to be a major focus. A comprehensive talent plan that includes initiatives such as employee training and development, engagement, and retention, as well as capacity building for future growth and upgrading existing talent capabilities.

Further, the board of directors has announced a bonus issue in the ratio of 1 equity share for 3 shares held in the company.

At around 10.20 AM, Sonata Software was trading at Rs720.85 down by Rs25.4 or 3.4% from its previous closing of Rs746.25 on the BSE. The scrip opened at Rs752 and has touched intraday high and low of Rs755.90 and Rs719 respectively.