Sonata Software plunges 15% on Q4 performance; profit declines 31% in FY24 | News on Markets
2 min read Last Updated : May 08 2024 | 12:23 PM IST
Shares of Sonata Software plunged as much as 15.5 per cent at Rs 538.90 per share on the BSE in Wednesday’s intraday deals. In comparison the S&P BSE Sensex was trading marginally lower at 73.474 levels This comes after the company delivered a sluggish performance in its January-March quarter earnings for fiscal year 2023-24 (Q4FY24).
The IT firm, reported a 3 per cent year-on-year decline in net profit to Rs 110.36 crore for the fourth quarter ended March 2024, compared to Rs 113.77 crore in March 2023.…