17th January, 2022 | |
National Stock Exchange of India Limited | BSE Limited |
Exchange Plaza, Bandra Kurla Complex, | P.J. Towers, Dalal Street |
Mumbai | Mumbai |
Kind Attn: Manager, Listing Department | Kind Attn: Manager, Listing Department |
Email Id:neaps@nse.co.in | Email Id:listing.centre@bseindia.com |
Stock Code - SONATSOFTW | Stock Code - 532221 |
Dear Sir/Madam, |
Sub: Outcome of Board Meeting
Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
With reference to the captioned subject, this is to inform you that the Board of Directors of the Company inter-alia considered and approved the Unaudited Financial Results of the Company (standalone and consolidated) for quarter and nine months ended 31st December, 2021 at its meeting held today i.e. 17th January, 2022.
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose a copy of the Unaudited Financial Results (Standalone and Consolidated) for quarter and nine months ended 31st December, 2021 together with Limited Review Report from our Statutory Auditors. A copy of the press release is enclosed for your reference.
The meeting of the Board of Directors of the Company commenced at 12.00 p.m. and concluded at 3.15 p.m.
Also note that the aforesaid information will be available on our website www.sonata-software.com
Kindly take the same on record.
Thanking you,
Yours faithfully
For Sonata Software Limited
MANGAL | Digitally signed by MANGAL |
KRISHNARAO | KRISHNARAO KULKARNI |
Date: 2022.01.17 15:17:48 | |
KULKARNI | |
+05'30' |
Mangal Kulkarni
Company Secretary, Compliance Officer and Head-Legal
Encl: as above
SONATA SOFTWARE LIMITED | |||||||
Registered Office: 208, T.V. Industrial Estate, S.K. Ahire Marg, Worli, Mumbai - 400 030 | |||||||
Corporate Office: 1/4, A.P.S Trust Building, Bull Temple Road, N.R. Colony, Bangalore - 560 019 | |||||||
CIN - L72200MH1994PLC082110 | |||||||
www.sonata-software.com, Tel : +91-080-67781999 Fax : +91-080-26601387,investor@sonata-software.com | |||||||
Part I | ₹ in lakhs, except per share data | ||||||
Statement of unaudited standalone financial results for the quarter and nine months ended December 31, 2021 | |||||||
Sl No. | Particulars | Year ended | |||||
December 31, 2021 | September 30, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | March 31, 2021 | ||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
1 | Revenue from operations | 18,587 | 18,904 | 19,308 | 56,377 | 58,438 | 78,141 |
2 | Other income | 4,393 | 6,413 | 3,356 | 15,015 | 3,384 | 4,480 |
3 | Total Revenue (1 + 2) | 22,980 | 25,317 | 22,664 | 71,392 | 61,822 | 82,621 |
4 | Expenses | ||||||
(a) Purchases of Stock-in-Trade | 2,248 | 2,773 | 1,357 | 7,673 | 4,477 | 6,074 | |
(b) Employee benefits expense | 10,412 | 9,513 | 10,874 | 30,014 | 30,129 | 41,333 | |
(c) Finance costs | 217 | 213 | 240 | 681 | 734 | 972 | |
(d) Depreciation and amortization expense | 431 | 425 | 472 | 1,318 | 1,428 | 1,890 | |
(e) Other expenses | 3,097 | 2,479 | 1,352 | 7,794 | 5,255 | 7,323 | |
Total expenses | 16,405 | 15,403 | 14,295 | 47,480 | 42,023 | 57,592 | |
5 | Profit before tax (3 - 4) | 6,575 | 9,914 | 8,369 | 23,912 | 19,799 | 25,029 |
- Tax expense
(1) | Current tax | 859 | 1,086 | 1,233 | 3,140 | 4,627 | 5,904 | |
(2) | Provision/reversal for tax relating to prior years | - | - | 1,564 | - | 1,564 | 1,485 | |
(3) | Deferred tax | 91 | 89 | 142 | 417 | (380) | (263) | |
7 | Profit for the period (5 - 6) | 5,625 | 8,739 | 5,430 | 20,355 | 13,988 | 17,903 |
- Other comprehensive income
1 (a) Items that will not be reclassified to profit or (loss) | (131) | 70 | 271 | (499) | 951 | (66) | |
(b) Income tax relating to items that will not be reclassified to profit or | |||||||
(loss) | 20 | (30) | (33) | 73 | (204) | 15 | |
2 Items that will be reclassified to profit or (loss) | |||||||
(a) Exchange differences in translating the financial statements of | |||||||
foreign operations | 14 | (37) | 106 | 4 | 130 | 131 | |
(b) Exchange differences on forward cover | 352 | 155 | 201 | 351 | 2,613 | 2,423 | |
(c) Income tax relating to items that will be reclassified to | |||||||
profit or (loss) | (53) | (24) | 24 | (53) | (589) | (576) | |
Total | 202 | 134 | 569 | (124) | 2,901 | 1,927 | |
9 | Total Comprehensive Income for the period (7 + 8) | 5,827 | 8,873 | 5,999 | 20,231 | 16,889 | 19,830 |
10 | Paid-up equity share capital (Face Value ₹ 1/-) | 1,039 | 1,039 | 1,039 | 1,039 | 1,039 | 1,039 |
11 | Other equity (Refer Note 4) | 51,913 | 51,913 | 36,289 | 51,913 | 36,289 | 51,913 |
12 Earnings per equity share (of ₹ 1/- each) (Refer Note 3)
(a) Basic | 5.42 | 8.41 | 5.23 | 19.59 | 13.46 | 17.23 |
(b) Diluted | 5.41 | 8.41 | 5.22 | 19.58 | 13.46 | 17.23 |
See accompanying notes to the financial results |
Notes:
- These quarterly and nine months ended unaudited standalone financial results prepared in accordance with Indian Accounting Standards applicable as per Sec 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules 2015 and amendments thereafter have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 17, 2022.
- The Company publishes unaudited consolidated financial results in addition to unaudited standalone financial results. In accordance with Ind AS 108 Operating Segments, the Company has disclosed the segment
information in the unaudited consolidated financial results.
- EPS for quarter and nine months ended are not annualised.
- The other equity with respect to each quarter and nine months ended represents balance as per the audited Balance Sheet of the previous year as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015
- The management has considered the possible effects of the pandemic relating to COVID-19 on the carrying amounts of receivables and goodwill as at December 31, 2021. In developing the assumptions relating to the recoverability of these assets, the management has considered the global economic conditions prevailing at the date of approval of these financial results and has used internal and external sources of Information including credit reports to the extent determined by it. The eventual outcome of impact of the global health pandemic may be different from those estimated as on the date of approval of these financial results.
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS | |
Place : Bengaluru | P SRIKAR REDDY |
Date : January 17, 2022 | MANAGING DIRECTOR |
& CHIEF EXECUTIVE OFFICER |
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Sonata Software Ltd. published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 10:14:09 UTC.