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Sonata consolidates Q1 net at Rs.17.81 cr

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CIOL Bureau
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BANGALORE, INDIA: The board of directors in a meeting held at Mumbai, went on to record audited accounts of Sonata Software Limited for the quarter ended 30th June, 2008. 

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HIGHLIGHTS
 

Sonata Software Limited Consolidated

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Q1 08-09
Q1 07-08
Growth
 
 
 
 
Revenue
405.62
354.63
14%
EBITD
37.64
35.41
6%
PAT
17.81
14.00
27%
 
 
 
 

 Sonata Software Limited Stand alone

                                                                                  (Rs. in Crs.)

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Q1 08-09
Q1 07-08
Growth
 
 
 
 
Revenue
55.35
46.20
20%
EBITD
16.66
10.81
54%
PAT
13.27
7.74
72%
 
 
 
 

Consolidated:

· PAT for the Quarter was Rs. 17.81cr. up 27 percent Y.O.Y

· EPS (Annualised) at Rs. 6.78 as compared to Rs. 5.33 for the same quarter of last year

· RONW (Annualised) at  29.97 percent as compared to 26.08 percent for the same quarter of last year

· ROCE (Annualised) at  31.33 percent as compared to 23.75 percent same quarter of last year

· Prepayment of the balance loan of Euro 4.5 million during the quarter.

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Sonata Software Limited stand alone:

· PAT at Rs. 13.27 cr. up 72 percent Y.O.Y

· RONW (Annualised) at  25.79 percent as compared to 15.95 percent for the same  quarter of last year

· ROCE (Annualised) at  26.25 percent as compared to 16.19 percent for the same quarter of last year

· EBITD at  29.50 percent as compared to 23.38 percent for the same quarter of last year

Recognitions

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· Sonata Software ranks among NASSCOM’s Top 20 IT Software and Service Exporters list for FY07-08

· Sonata Software achieved 2nd runner up position in the IT and ITES (excluding hardware) sector under the large exporters category for D&B – ECGC Indian Exporters’ Excellence Awards

· Microsoft Gold Certification for  competency in Information Worker Solutions

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· Microsoft approved partner for SharePoint Deployment Planning Services (SDPS)

· Value added distributor of the year 2008 from Oracle

 
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B Ramaswamy, president & managing director, Sonata, stated,  “Growth in this quarter is accompanied by significant improvements in key parameters like operating margins, return on capital employed and return on net worth. The balance sheet has been further strengthened by the prepayment of loan, which offers tremendous leverage for inorganic growth “. 

   REVENUE                                                                (Rs. in Crs.)

 
Quarter 1 08-09
International
239.17
Domestic
166.45
Consolidated *
405.62
 
 
International
 
Sonata Software Limited
55.35
ODSi
12.88
Sonata Software GmbH
1.88
Sonata Europe Limited
0.47
TUI InfoTec GmbH
189.15
Domestic
 
SITL
166.45

     PROFIT AFTER TAX                                                (Rs. in Crs.)

           
Quarter 1 08-09
International
14.99
Domestic
2.82
Consolidated *
17.81
 
 
International
 
Sonata Software Limited
13.27
ODSi
0.65
Sonata Software GmbH
0.13
Sonata Europe Limited
(1.26)
TUI InfoTec GmbH**
2.50
Domestic
 
SITL
2.82

* Consolidated revenue and profit after tax are after elimination of inter company transactions.

* Sonata’s share of 50.1 percent of the profit

Consolidated:

· Revenue for the quarter was Rs. 405.62 cr.up 14 percent Y.O.Y

· Cash generation from operations was Rs. 17.39 cr

· Cash reserves as on 30.06.08 was Rs. 66.97 cr

Sonata Software Limited stand alone:

· Revenue for the quarter was Rs 55.35 cr. up 20 percent Y.O.Y

· Revenue in US dollars up 15 percent Y.O.Y

· Cash generation from operations was Rs. 9.98 cr.

· Four new clients added during the quarter

· EPS (Annualised) at Rs. 5.05 as compared to Rs. 2.94 for the same quarter of last year