Sonata Fourth Quarter Results - Q4 net at Rs.33.15 Mn - Final Dividend of 30%Sonata Fourth Quarter Results - Q4 net at Rs.33.15 Mn - Final Dividend of 30%
Mumbai, April 19, 2004.
The Board of Directors, at its meeting held here today, took on record the Audited Accounts of Sonata Software Ltd for the Year ended 31st March 2004 and declared a Final Dividend of 30%. This, together with the Interim Dividend of 20% makes the total dividend for the year 50%.
Speaking on the occasion, Mr. B. Ramaswamy, President & Managing Director stated, " It has been a year focused on establishing a strong customer base. We have been successful in adding new customers who have the potential for a significant scaling up. Equally the existing customers have plans for increasing the volume of off shoring. The third development center in Bangalore will be operational in the First Quarter".
HIGHLIGHTS - Sonata Software Ltd
| Q4 ending 31 March 2004 - Quarter on Quarter Comparison |
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Revenues from operations at Rs.203.07 million Vs Rs.213.46 million. |
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EBIDT at Rs.39.29 million Vs Rs.50.48 million. |
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PAT at Rs.33.15 million against Rs.41.22 million. |
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EBIDT of 19.35% Vs 23.65% |
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PAT of 16.32% Vs 19.31% |
| Q4 ending 31 March 2004 - Sequential Comparison |
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Revenues from operations at Rs.203.07 million Vs Rs.167.76 million. |
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EBIDT at Rs.39.29 million compared to Rs.36.47 million. |
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PAT at Rs.33.15 million against Rs.28.62 million. |
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EBIDT of 19.35% versus 21.74% |
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PAT of 16.32% versus 17.06%. |
| Year ended 31 March 2004 - Year on Year Comparison |
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Revenues from operations at Rs.714.10 million Vs Rs.845.52 million. |
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EBIDT at Rs.143.45 million Vs Rs.215.23 million. |
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PAT at Rs.113.87 million against Rs.155.78 million. |
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EBIDT of 20.09% Vs 25.46% |
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PAT of 15.95% Vs 18.42% |
CONSOLIDATED RESULTS:
| Q4 ending 31 March 2004 - Quarter on Quarter Comparison |
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Revenues from operations at Rs.748.04 million Vs Rs.645.78 million. |
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EBIDT at Rs.48.10 million compared to Rs.61.56 million. |
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PAT at Rs.27.04 million against Rs.39.53 million. |
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EBIDT of 6.43% versus 9.53%, |
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PAT of 3.61% versus 6.12%. |
| Q4 ending 31 March 2004 - Sequential Comparison |
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Revenues from operations at Rs.748.04 million Vs Rs.512.53 million. |
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EBIDT at Rs.48.10 million compared to Rs.48.54 million. |
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PAT at Rs.27.04 million against Rs.27.56 million. |
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EBIDT of 6.43% versus 9.47% |
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PAT of 3.61% versus 5.38% |
| Year ended 31 March 2004 - Year on Year Comparison |
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Revenues from operations at Rs.2241.55 million Vs Rs.2578.33 million. |
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EBIDT at Rs.181.83 million compared to Rs.256.62 million. |
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PAT at Rs.100.50 million against Rs.152.54 million. |
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EBIDT of 8.11% versus 9.95% |
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PAT of 4.48% versus 5.92% |
| Operating Highlights for the Year ended 31 March 2004 |
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Twenty-Two new clients were added during the year. |
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The geographical spread was USA 41%, Europe 58% & Rest of World-1%. |
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The off-shore share was 62% while on-site was 38% |
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Cash generation from operations for the year ended is Rs.59.95 million. |
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During the year the Company added 119 employees, an increase of 18 % over the previous year. |
SEQUENTIAL GROWTH
Corresponding Quarter comparisons
| Quarter ended31-03-2004 | Quarter ended31-03-2003 |
| INCOME | | |
| Services | 194.41 | 209.48 |
| Other Income | 8.66 | 3.98 |
| Total Income | 203.07 | 213.46 |
| EBIDT | 39.29 | 50.48 |
| PAT | 33.15 | 41.22 |
| EBIDT % | 19.35% | 23.65% |
| PBT % | 17.03% | 21.22% |
| PAT % | 16.32% | 19.31% |
Sequential Quarter comparisons
| Quarter ended31-03-2004 | Quarter ended31-12-2003 |
| INCOME | | |
| Services | 194.41 | 163.83 |
| Other Income | 8.66 | 3.93 |
| Total Income | 203.07 | 167.76 |
| EBIDT | 39.29 | 36.47 |
| PAT | 33.15 | 28.62 |
| EBIDT % | 19.35% | 21.74% |
| PBT % | 17.03% | 19.16% |
| PAT % | 16.32% | 17.06% |
Corresponding Year comparisons
| Year ended31-03-2004 | Year ended 31-03-2003 |
| INCOME | | |
| Services | 696.84 | 834.30 |
| Other Income | 17.26 | 11.22 |
| Total Income | 714.10 | 845.52 |
| EBIDT | 143.45 | 215.23 |
| PAT | 113.87 | 155.78 |
| EBIDT % | 20.09% | 25.46% |
| PBT % | 17.49% | 22.70% |
| PAT % | 15.95% | 18.42% |
CONSOLIDATED
Corresponding Quarter comparisons
| Quarter ended31-03-2004 | Quarter ended31-03-2003 |
| INCOME | | |
| Services | 253.81 | 258.34 |
| Products | 485.86 | 382.27 |
| Other Income | 8.37 | 5.17 |
| Total Income | 748.04 | 645.78 |
| EBIDT | 48.10 | 61.56 |
| PAT | 27.04 | 39.53 |
| EBIDT % | 6.43% | 9.53% |
| PBT % | 4.42% | 7.29% |
| PAT % | 3.61% | 6.12% |
Sequential Quarter comparisons
| Quarter ended31-03-2004 | Quarter ended31-12-2003 |
| INCOME | | |
| Services | 253.81 | 222.70 |
| Products | 485.86 | 284.88 |
| Other Income | 8.37 | 4.95 |
| Total Income | 748.04 | 512.53 |
| EBIDT | 48.10 | 48.54 |
| PAT | 27.04 | 27.56 |
| EBIDT % | 6.43% | 9.47% |
| PBT % | 4.42% | 6.70% |
| PAT % | 3.61% | 5.38% |
Corresponding Year comparisons
| Year ended31-03-2004 | Year ended31-03-2003 |
| INCOME | | |
| Services | 922.30 | 994.06 |
| Products | 1299.69 | 1569.02 |
| Other Income | 19.56 | 15.25 |
| Total Income | 2241.55 | 2578.33 |
| EBIDT | 181.83 | 256.62 |
| PAT | 100.50 | 152.54 |
| EBIDT % | 8.11% | 9.95% |
| PBT % | 5.59% | 7.62% |
| PAT % | 4.48% | 5.92% |
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