{"id":115943,"date":"2023-12-21T12:05:00","date_gmt":"2023-12-21T06:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115943"},"modified":"2023-12-21T12:24:08","modified_gmt":"2023-12-21T06:54:08","slug":"sonata-software-collaborates-with-global-leader-in-conveyor-belts-and-power-transmission","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/sonata-software-collaborates-with-global-leader-in-conveyor-belts-and-power-transmission\/","title":{"rendered":"Sonata Software collaborates with global leader in conveyor belts and power transmission"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1901456778\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Thursday, the mid-cap stock rose around 0.1 percent from its intraday high of Rs 752.8 from its previous close of Rs 752.15 after the company announced a strategic partnership with AMMEGA Group.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3981952056\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to the filing of <strong>Sonata Software Ltd<\/strong>, the company has signed a contract with AMMEGA group, a global leader in Conveyor Belts and Power Transmission with manufacturing facilities as well as CSCs all over the world.\u00a0<\/p><p>Sonata will use Dynamics 365 to streamline systems, optimize processes, and increase efficiency across AMMEGA&#8217;s global operations. This collaboration, powered by Sonata&#8217;s distinct Platformation approach, aims to accelerate AMMEGA&#8217;s growth and leadership in sustainable belting solutions.&nbsp;<\/p><p>Looking at the financials of Sonata Software Ltd, net revenue increased by 27 percent year on year, from Rs 1,496 crore in Q2FY23 to Rs 1,912 crore in Q2FY24. Their revenue fell 5 percent sequentially from Rs 2,015 crore in Q1FY24 to the current levels.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2169187809\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Furthermore, the company&#8217;s net profit increased by 9.7 percent year on year, from Rs 113 crores in Q2FY23 to Rs 124 crores in Q2FY24. Their profit increased by 3.3 percent sequentially from Rs 120 crore in Q1FY24 to current levels.&nbsp;<\/p><p>Sonata Software is a midcap company with a market capitalization of Rs 21,070 crores the share price of the company rose 47 percent in the last six months and 181 percent in the year to date. For instance, if an investor invested Rs 1 Lakh a year ago the current value of the investment would be 2.81 lakhs.&nbsp;<\/p><p>The company has a low debt-to-equity ratio of 0.38, a return on equity of 37 percent, and a return on capital employed of 42 percent with a good current ratio of 1.1. It also has a dividend yield of 1.8 percent.&nbsp;<\/p><p>The promoter of the company owns 28.1 percent of the company, the general public owns 40.5 percent, foreign institutional investors own 15 percent, and domestic institutional investors own 16.4 percent.&nbsp;<\/p><p>Sonata Software Ltd&#8217;s primary business is to provide Information Technology (IT) Services and Solutions to its various customers in the United States of America, Europe, the Middle East, Australia, and India.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/strong><\/p><\/blockquote><p><\/p><div class=\"trade-after-content\" id=\"trade-3628891377\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Thursday, the mid-cap stock rose around 0.1 percent from its intraday high of Rs 752.8 from its previous close of Rs 752.15 after the company announced a strategic partnership with AMMEGA Group.&nbsp; According to the filing of Sonata Software Ltd, the company has signed a contract with AMMEGA group, a global leader in Conveyor [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":7011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[7878,7879,7880,13692,6556,6560,6559,6558,6557,7654,7656],"class_list":["post-115943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates","tag-sonata-software","tag-sonata-software-business","tag-sonata-software-fundamental-analysis","tag-sonata-software-latest-news","tag-sonata-software-limited","tag-sonata-software-limited-acquisitions-news","tag-sonata-software-limited-aquisition","tag-sonata-software-limited-latest-news","tag-sonata-software-limited-share-price","tag-sonata-software-ltd","tag-sonata-software-ltd-latest-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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