Sonata Software - Consolidated PAT of Rs 43 Crores, a 21 % Quarter-on-Quarter growth

Posted by: at 8/16/2017 02:33:00 am

Mumbai, August 14, 2017                                       
   
Sonata Software, a global IT services and technology solutions Company, today reported its unaudited financial results for its 1st quarter ended June 30, 2017.











in ` Crores

Description

   For the Quarter ended




30-Jun-17

31-Mar-17

QoQ

30-Jun-16

YoY

Revenues











International IT Services

            211.3

            204.0


4%

            195.7


8%

Domestic- Products & Services  

            434.1

            489.3


-11%

            420.9


3%
Consolidated

            634.5

            685.8


-7%

            609.4


4%












EBITDA











International IT Services
*
              49.8

              44.0


13%

              51.2


-3%

Domestic- Products & Services
*
              15.1

              14.0


8%

              15.2


-1%

Consolidated
*
              64.5

              57.1


13%

              65.7


-2%













PAT











International IT Services

              34.5

              27.1


27%

              34.5


0%

Domestic- Products & Services

                 8.6

                 8.4


2%

                 8.8


-3%

Consolidated

              43.0**

              35.5 **


21%

              43.4**


-1%













 * Includes "exceptional Item" Interest income received on Income-Tax refund of ` 0.94 crore in Q1 of FY2017-18 (of which Domestic relates to ` 0.45 crore and balance ` 0.49 crore relates to International), and `1.11 crores in Q1 of FY2016-17 (relating to Domestic).

** Corresponding IGAAP numbers : 30th June 2016 - 36.9 Cr, March 31st 2017 – 40.4 Cr, 30th June 2017 is 42 Crores


Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said:
We see the results of our strategy focussed on IP led services growth and being a “Platformation” partner  to our clients through deploying and managing digital platforms as a means to achieve digital transformation, paying off through a solid growth in quarter on quarter revenues and profits.



Performance Highlights for the quarter:       
  • Consolidated:
  • Revenues at Rs 635 Crores : decline of 7% QoQ;
  • EBIDTA at Rs 65 Crores : growth of 13% QoQ;
  • PAT at Rs 43 Crores : growth of 21% QoQ;
  • Cash and equivalents of approximately Rs 357 Crores (net of borrowings).

  • International IT Services:
  • Revenues at Rs 211 crores : growth of 4% QoQ;
  • EBIDTA at Rs 50 Crores : growth of 13% QoQ;
  • PAT at Rs 35 Crores : growth of 27% QoQ;
  • Addition of 6 new customers.

  • Domestic Products & Services :
  • Revenues at Rs 434 crores : decline of 11% QoQ;
  • EBIDTA at Rs 15 Crores : growth of 8% QoQ;
  • PAT at Rs 9 Crores : growth of 2% QoQ;

About Sonata Software
Sonata Software is a global IT solutions firm focused on catalysing business transformation initiatives of its clients through deep domain knowledge, technology expertise and customer commitment. The company delivers strategic technology solutions for Travel, Retail & Distribution and Software Product companies to drive enhanced customer engagement, operations efficiency and return on IT investments. Sonata brings its own proprietary platforms, products and services in digital technology areas such as Omni-channel commerce, Mobility, Analytics, Cloud and ERP to enable speed and reliability of IT led innovation. A trusted long-term service provider to Fortune 500 companies across both the software product development and enterprise business segments, Sonata seeks to add differentiated value to leadership to those who want to make an impact on their businesses, with IT.



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