Sonata Software Limited Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2016
May 22, 2016
Share
Sonata Software Limited reported audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, on standalone basis, reported total income from operations (net) of INR 1,437.455 million compared to INR 1,261.932 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 479.344 million compared to INR 401.685 million a year ago. Profit from ordinary activates before tax was INR 569.904 million compared to INR 454.714 million a year ago. Net profit from ordinary activities after tax was INR 417.081 million or INR 3.97 per basic diluted share before and after extraordinary items (not annualized) compared to INR 344.160 million or INR 3.27 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the year, on standalone basis, reported total income from operations (net) of INR 5,048.041 million compared to INR 4,668.775 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,331.799 million compared to INR 1,338.966 million a year ago. Profit from ordinary activates before tax was INR 1,586.428 million compared to INR 1,538.062 million a year ago. Net profit from ordinary activities after tax was INR 1,174.445 million or INR 11.17 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 1,174.698 million or INR 11.17 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the quarter, on consolidated basis reported revenues for the quarter at INR 5,409 million, year over year growth of 38% for the quarter and 15% for the year. EBIDTA for the quarter at INR 604 million, year over year growth of 20% for the quarter and 25% for the year. Profit from operations before other income, finance costs and exceptional items was INR 478.524 million compared to INR 443.769 million a year ago. Profit from ordinary activates before tax was INR 557.267 million compared to INR 484.489 million a year ago. Net profit from ordinary activities after tax was INR 408.305 million or INR 3.88 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 348.808 million or INR 3.31 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
For the year, on consolidated basis, reported revenue was INR 19,405 million compared to INR 16,821 million a year ago. EBITDA was INR 2,394 million compared to INR 1,907 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,003.798 million compared to INR 1,649.093 million a year ago. Profit from ordinary activates before tax was INR 2,252.465 million compared to INR 1,818.984 million a year ago. Net profit from ordinary activities after tax was INR 1,585.910 million or INR 15.08 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 1,332.814 million or INR 12.71 per basic and diluted share before and after extraordinary items (not annualized) a year ago.
Sonata Software Limited is an India-based modernization engineering company. It provides modernization services using its proprietary Platformation approach. It specializes in cloud and data modernization, Microsoft Dynamics Modernization, digital contact center setup and management, managed cloud services and digital transformation services. Its cloud modernization services include cloud strategy and consulting, cloud migration, cloud-native development, and cloud optimization. Its enterprise data modernization offers data strategy and planning, data migration, and data management and analytics services. It offers application and infrastructure re-platforming and re-architecting services. It offers solutions with models that combine artificial intelligence (AI), machine learning and NLP techniques to recommend actions for business outcomes. Its Lightning platform enables customers to explore generative AI for their organization through industry-specific proof-of-concept projects.