Sonata declares interim dividend of 50 pc, net profit up by 81%

Bangalore, Oct 14 (UNI) Sonata Software Limited today declared interim dividend of 50 per cent to its share holders after it reported the net profit up by 81 per cent on Year on Year basis during the Quarter Two ending September 30.

The Revenue showed a 25 per cent increas on YoY (Consolidated) and it was Rs 418.67 Crore during the period. Operating Margin (Consolidated) was Rs 43.10 Crore up by 85 per cent, according to a release here.

The Net Profit after Tax was Rs 21.63 Crore, a YoY increase of 81 per cent.

Commenting on the Q2 performance, the company President and Managing Director B Ramaswamy said that "our focus on travel vertical and outsourced product development provides better visibility of Revenues in this uncertain environment." UNI MSP TS1958