Sonata Software : Outcome of Board Meeting

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:[e-mail]	Email Id:[e-mail]
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 : [phone] Fax : [phone],[e-mail]
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