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Sonata Software reports marginal fall in Q4 consolidated net profit
May-08-2024

Sonata Software has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 47.63% rise in its net profit at Rs 51.67 crore for the quarter under review as compared to Rs 35.00 crore for the same quarter in the previous year. However, total income of the company decreased by 1.25% at Rs 276.68 crore for Q4FY24 as compared Rs 280.18 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 3.00% fall in its net profit at Rs 110.36 crore for fourth quarter ended March 31, 2024 as compared to Rs 113.77 crore for the same quarter in the previous year. However, total income of the company increased by 15.88% at Rs 2,246.31 crore for Q4FY24 as compared Rs 1,938.47 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 62.82% rise in net profit at Rs 358.80 crore as compared to Rs 220.37 crore for the previous year. Total income of the company increased by 18.86% at Rs 1,284.34 crore for year under review as compared to Rs 1,080.54 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 31.73% fall in its net profit at Rs  308.50 crore as compared to Rs 451.90 crore for the previous year. However, total income of the company increased by 12.36% at Rs 8,738.61 crore for year under review as compared to Rs 7,519.94 crore for year ended March 31, 2023.

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