Board Meet: Multibagger IT Stock Likely To Declare Dividend, Bonus Issue Today

Multibagger mid cap IT Software sector Sonata Software Ltd are scheduled to hold its meeting today to consider and approve un-audited financial results of the Company (standalone and consolidated) for the quarter and half year ended 30th September, 2023 and declare an interim dividend, if any. Board of Sonata may also consider proposal of bonus issue today. Current market price of Sonata Software share on BSE is Rs 1049.85 per share with intraday fall of 2.54%. Sonata Software stock surged 81% YTD and offered return of 106% in last 1-year. Check details here:

Sonata Software To Declares Quarterly Results, Consider Interim Dividend & Bonus Issue: As per the BSE filing of the company dated Oct 17, "Please refer our letter dated 17th October, 2023, intimating that the Board Meeting of the Company is scheduled on Wednesday, 25th October, 2023, inter alia, to consider and approve standalone as well as consolidated unaudited financial results of the Company for the quarter and half year ended 30th September, 2023.

We further wish to intimate that pursuant to Regulation 29(1) & (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company may consider proposal for Issue of Bonus Shares in the aforesaid Board Meeting."

The company may consider and declare an interim dividend, if any, for the financial year 2023-24 today.

Earlier the company on July 25 approved and recommended 1:3 bonus issue

Sonata Software Stock Performance: Current market price of Sonata Software share on BSE is Rs 1049.85 per share with intraday fall of 2.54%. Its 52-week high price is Rs 1156.00 per share and 52-week low price is Rs 506.50 per share, respectively. The company's market capitalisation is Rs 14,720.20 crore.

Sonata Software shares declined over 4% in last 1-week, gained 106% in last 1-year, soared 77% in last 2-years, and offered return of 278% return in last 3-years. In last 5-years, Sonata Software shares gained 418% in last 5-years and surged 4549% in last 10-years.

Sonata Software Recent Financial Results: The company announced its results for the quarter ended June 2022 and registered a robust growth. It declared consolidated revenue of Rs1,778.90 crore in Q1FY23 as against Rs 1,268.50 crore in the previous corresponding quarter, with a growth of 40% yoy. It registered a growth of 22% sequentially against revenue at Rs1,463.60 crore in quarter ended March 2022. Sonata's consolidated EBITDA during the quarter under review stood at Rs159.80 crore, as against Rs129.10 crore in the quarter ended June 2021, with a growth of 24% yoy, and 4% on a QoQ basis.

Sonata Software About: Sonata Software Limited is a leading Modernization engineering company, headquartered in Bangalore. Sonata provides modernization services using its proprietary Platformation^TM approach. It specializes in cloud and data modernization, Microsoft Dynamics Modernization, Digital contact center setup and management, managed cloud services and digital transformation services. Founded in 1986, the company has since grown to have a presence in North America, Europe, ANZ and Asia-Pacific, according to its official website.

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