Sonata Software posted net Profit of ₹100 Cr, grew by 21.4% YoY in its Q4FY22 result | Dividend declared

Revenues at ₹413.9 crores; QoQ growth of 5% Revenue in USD at 55.7 Million, QoQ revenue growth of 4.3% in USD terms. EBITDA at ₹113.8 crores; QoQ growth of 3% PAT at ₹72.4 crores; QoQ growth of 2%

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Sonata Software Limited (SSL) was incorporated in the year October 18th 1994. The Company is primarily engaged in the business of providing Information Technology Services and Solutions to its customers in the United States of America Europe Middle East and India.

The material subsidiaries of the Company are Sonata Information Technology Limited in India through which it delivers both software development and consulting services and re-selling of product licenses of leading international software companies such as Microsoft IBM Oracle etc.; and Sonata Software North America Inc. in USA through which it delivers software development and consulting services to its clients in North America. The company has posted its Q4FY22 and year ended financial results on 29th April, 2022, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹1,508.66 crore in the quarter ended on March 31, 2022 as against ₹1,094.63 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 37.82%.

The company has posted a consolidated Net Profit of ₹100.90 crore in the quarter ended on March 31, 2022 as against ₹83.06 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 21.48%.

The status of the EPS of the company stood at ₹9.7 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹7.99, up by 21.40%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4)
Total Income1,508.661873.291,094.63
Total Expenses1372.831743.70985.56
PBT /(Loss)135.83129.59109.07
Total Tax /(credit)34.9331.9226.01
PAT /(Loss) [to the owners]100.9097.6783.06
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹5,655.35 crore in the financial year ended on March 31, 2022 as against ₹4,255.83 crore for the financial year ended on Mar 31, 2021, increased by 32.88%.

The company has posted a consolidated Net Profit of ₹376.43 crore in the financial year ended on March 31, 2022 as against ₹243.96 crore for the financial year ended on March 31, 2021. The PAT surges up by 54.30%.

The status of the EPS of the company stood at ₹36.21 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹23.48, up by 54.22%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income5,655.354,255.83
Total Expenses5154.993903.69
PBT /(Loss)500.36352.14
Total Tax /(credit)123.43108.18
PAT /(Loss)376.43243.96
*figures are in Crores

(III) Key Highlights about the Performance :

for the quarter:

  • EBITDA at ₹153.1 crores; QoQ growth of 4%
  • PAT at ₹100.9 crores; QoQ growth of 3%
  • Cash and equivalents of approximately ₹866 Crores (net of borrowings)
  • DSO days at 39

International IT Services:

  • Revenues at ₹413.9 crores; QoQ growth of 5%
  • Revenue in USD at 55.7 Million, QoQ revenue growth of 4.3% in USD terms.
  • EBITDA at ₹113.8 crores; QoQ growth of 3%
  • PAT at ₹72.4 crores; QoQ growth of 2%
  • Addition of 12 new customers.
  • International services DSO improved from 43 days to 40 days.
  • Overall strategy of creating digital enterprises by creating platform through our unique Platformation methodology are yielding results. Strong growth from digital based competencies like Managed cloud services and Digital Platformation Services (Microsoft & Open source) and focused verticals like ISV, Retail (Essential), Distribution and Manufacturing and Commodity Business & Service Industry.
  • Strong cash and liquidity positions maintained. Improvement in DSO (what is it ?) to 40 days from 43 days.
  • the company’s pipeline continues to be healthy and strong through multiple new digital wins from existing and new customers.

Domestic Products & Services :

  • DSO days at 38 days
  • EBITDA at ₹39.5 crores; QoQ growth of 7%
  • PAT at ₹28.5 crores; QoQ growth of 8%

Dividend : Recommended a Final Dividend of ₹ 13/- per Equity share (1300 % on par value Re. 1/-) for the financial year ended 31st March, 2022 and the Final Dividend is payable subject to the approval of shareholders at the ensuing Annual General Meeting. The dividend, subject to the approval of shareholders, will be dispatched /credited within 30 days from the date of ensuing AGM.

Shares of Sonata Software Ltd was last traded in BSE at ₹754.05 as compared to the previous close of ₹749.25. The total number of shares traded during the day was 4433 in over 494 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 769.90
  • Intraday low of ₹ 740.05