Sonata Software announced its Q4 results on May 7, 2024, with a notable 14.53% increase in revenue year-over-year, despite profits falling by 3%. This period also saw a significant quarterly revenue decline of 12.1%, contrasted by a substantial 339.08% profit increase.
The company reported fluctuations in operational costs; selling, general, and administrative expenses dropped by 1.86% quarter-over-quarter but rose 28.96% year-over-year. Operating income surged dramatically by 16585.07% from the previous quarter, though it fell by 16.75% compared to the previous year.
Earnings per share (EPS) for the quarter were reported at ₹3.97, showing a decrease of 3.17% from the previous year. This indicates a slight downturn in profitability despite the impressive jumps in certain financial metrics.
In the market, Sonata Software has struggled recently, with an 8.07% decrease in the past week, although it saw a modest 1.22% increase over the last six months. Year-to-date, the stock is down by 14.08%. The company’s market cap stands at ₹17713.4 Cr, with shares fluctuating between a high of ₹870 and a low of ₹401.48 over the last 52 weeks.
