Sonata Software Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

The headline equity indices traded with deep cuts in moring trade. The Nifty slipped below the 24,200 level. Metal shares witnessed profit booking after advancing in past two consecutive trading sessions.

At 10:30 IST, the barometer index, the S&P BSE Sensex dropped 936.76 points or 1.17% to 79,445.32. The Nifty 50 index fell 295.05 points or 1.21% to 24,189.

In the broader market, the S&P BSE Mid-Cap index fell 0.50% and the S&P BSE Small-Cap index shed 0.17%.

The market breadth was positive. On the BSE, 1,861 shares rose and 1,760 shares fell. A total of 175 shares were unchanged.

Result Today:

Mahindra & Mahindra (M&M) (down 2.10%), Lupin (down 1.48%), RVNL (up 1.78%), Trent (down 0.19%), Shyam Metalics (down 0.74%), Indian Hotels (down 0.12%), Goldiam International (down 2.18%), Gujarat State Petronet (up 2.40%), Gujarat Alkalies and Chemicals (down 0.13%), Happy Forgings (down 0.80%), HIL (down 0.35%), Indigo Paints (down 1.94%), ITD Cementation India (down 2.92%), Jagran Prakashan (up 0.98%), Kennametal India (up 1.69%), Linde India (down 0.19%), AAVAS Financiers (down 0.22%), Abbott India (down 0.54%), Akzo Nobel India (down 0.98%), Alembic Pharmaceuticals (down 2.41%), Bajaj Electricals (up 1.75%), Carysil (down 0.25%), Clean Science and Technology (down 0.13%), Cummins India (down 0.79%), Emami (down 0.77%), Escorts Kubota (down 3.21%) and Great Eastern Shipping Co (up 4.04%) will declare their result later today.

Buzzing Index:

The Nifty Metal index fell 1.23% to 9,538.05. The index rallied 4.49% in past two consecutive trading sessions.

Hindalco Industries (down 6.54%), Adani Enterprises (down 2.66%), Vedanta (down 2.37%), Hindustan Copper (down 1.44%), Hindustan Zinc (down 1.11%), National Aluminium Company (down 1.01%), Ratnamani Metals & Tubes (down 0.25%) and Jindal Stainless (down 0.20%) declined.

On the other hand, Steel Authority of India (up 2.07%), Tata Steel (up 1.79%) and Welspun Corp (up 1.64%) edged higher.

Stocks in Spotlight:

Sonata Software shed 0.76%. The company’s consolidated net profit increased marginally 0.81% to Rs 106.49 crore in Q2 FY25 as compared with Rs 105.63 crore in Q1 FY25. Revenue declined 14.13% QoQ to Rs 2,169.83 crore in Q2 FY25.

Kansai Nerolac Paints slipped 2.15% after the company reported 27.64% decline in standalone net profit to Rs 130.16 crore as against Rs 179.89 crore posted in Q2 FY24. Revenue from operations was at Rs 1,863.77 crore in Q2 FY25, up 0.98% as against Rs 1,845.57 crore in Q2 FY24.

Shakti Pumps (India) advanced 2.28% after the company announced that it has received work order for supplying 3,174 pumps under the PM‐KUSUM scheme from Haryana Renewable Energy Department (HAREDA).

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Revenue declined 14.13% QoQ to Rs 2,169.83 crore in Q2 FY25.

On year on year (YoY) basis, the company’s consolidated revenue jumped 13.45% while net profit declined 12.24% in Q2 FY25.

Profit before tax (PBT) rose 13.31% QoQ to Rs 144.34 crore during the quarter.

EBITDA stood at Rs 177.3 crore in Q2 FY25, registering the growth of 1% as compared with 176.2 crore in Q1 FY25.

In dollar terms, the company’s revenue stood at $84.6 million in Q1 FY25, up 2.3% QoQ and 4.6% YoY. The firm said that 8 new customers added during the quarter and its pipeline continues to be healthy with multiple modernization deals both from existing and new customers.

Samir Dhir, MD & CEO of the Company said, “In Q2’25, our International business delivered 2.3% QoQ growth. During the quarter, we won three large deals, our first multi-million-dollar deal on Microsoft Fabric, and a Gen AI modernization with a Top 50 global Pharma client leveraging our “responsible first” differentiated Harmoni.AI offering. We remain optimistic about our long-term vision and growth prospects of Sonata.”

Sujit Mohanty, MD & CEO of Sonata Information Technology, said, “We acquired new clients across all hyperscalers and platform businesses during the quarter, driving diversified growth for our business. Our newly formed IT Security business offerings enabled wins during the quarter.”

Sonata Software provides IT consulting, product engineering services, application development, application management, managed testing, business intelligence, infrastructure management, packaged applications, and travel solutions. The company derives most of its services revenue from overseas, with the US and Europe accounting for major shares of revenues.

The scrip rose 0.33% to Rs 632.45 on the BSE.

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Net profit of Sonata Software declined 14.24% to Rs 106.49 crore in the quarter ended September 2024 as against Rs 124.17 crore during the previous quarter ended September 2023. Sales rose 13.45% to Rs 2169.83 crore in the quarter ended September 2024 as against Rs 1912.57 crore during the previous quarter ended September 2023.

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Sonata Software will hold a meeting of the Board of Directors of the Company on 6 November 2024

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