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Sonata Software reports its weak Q4 results
short by Trade Brains Editor / on Wednesday, 8 May, 2024
Sonata Software Ltd, a leading digital solutions and IT service provider, witnessed 15.5% decline in shares post-disappointing Q4FY24 results. Despite bouncing back to ₹110 crore profit from a ₹46 crore loss in Q4FY23, total revenue for Q4FY24 fell by 12%. Although FY23-24 total revenue surged by 15% to ₹8,613 crores, net profit dropped 32% to ₹452 crores.
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