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".

 

Q4 ending 31 March 2004 - Quarter on Quarter Comparison
	Revenues from operations at Rs.203.07 million Vs Rs.213.46 million.
	EBIDT at Rs.39.29 million Vs Rs.50.48 million.
	PAT at Rs.33.15 million against Rs.41.22 million.
	EBIDT of 19.35% Vs 23.65%
	PAT of 16.32% Vs 19.31%

Q4 ending 31 March 2004 - Sequential Comparison
	Revenues from operations at Rs.203.07 million Vs Rs.167.76 million.
	EBIDT at Rs.39.29 million compared to Rs.36.47 million.
	PAT at Rs.33.15 million against Rs.28.62 million.
	EBIDT of 19.35% versus 21.74%
	PAT of 16.32% versus 17.06%.

Year ended 31 March 2004 - Year on Year Comparison
	Revenues from operations at Rs.714.10 million Vs Rs.845.52 million.
	EBIDT at Rs.143.45 million Vs Rs.215.23 million.
	PAT at Rs.113.87 million against Rs.155.78 million.
	EBIDT of 20.09% Vs 25.46%
	PAT of 15.95% Vs 18.42%

CONSOLIDATED RESULTS:

Q4 ending 31 March 2004 - Quarter on Quarter Comparison
	Revenues from operations at Rs.748.04 million Vs Rs.645.78 million.
	EBIDT at Rs.48.10 million compared to Rs.61.56 million.
	PAT at Rs.27.04 million against Rs.39.53 million.
	EBIDT of 6.43% versus 9.53%,
	PAT of 3.61% versus 6.12%.

Q4 ending 31 March 2004 - Sequential Comparison
	Revenues from operations at Rs.748.04 million Vs Rs.512.53 million.
	EBIDT at Rs.48.10 million compared to Rs.48.54 million.
	PAT at Rs.27.04 million against Rs.27.56 million.
	EBIDT of 6.43% versus 9.47%
	PAT of 3.61% versus 5.38%

Year ended 31 March 2004 - Year on Year Comparison
	Revenues from operations at Rs.2241.55 million Vs Rs.2578.33 million.
	EBIDT at Rs.181.83 million compared to Rs.256.62 million.
	PAT at Rs.100.50 million against Rs.152.54 million.
	EBIDT of 8.11% versus 9.95%
	PAT of 4.48% versus 5.92%

Operating Highlights for the Year ended 31 March 2004
	Twenty-Two new clients were added during the year.
	The geographical spread was USA 41%, Europe 58% & Rest of World-1%.
	The off-shore share was 62% while on-site was 38%
	Cash generation from operations for the year ended is Rs.59.95 million.
	During the year the Company added 119 employees, an increase of 18 % over the previous year.

 

Corresponding Quarter comparisons

	Quarter ended 31-03-2004	Quarter ended 31-03-2003
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 ended 31-03-2004	Quarter ended 31-12-2003
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 ended 31-03-2004	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%

 

Corresponding Quarter comparisons

	Quarter ended 31-03-2004	Quarter ended 31-03-2003
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 ended 31-03-2004	Quarter ended 31-12-2003
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 ended 31-03-2004	Year ended 31-03-2003
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%