Ramco Systems Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Total income jumped 11.41% year on year (YoY) to Rs 143.42 crore in the quarter ended September 2024.

The company reported a pre-tax loss of Rs 6.58 crore in the second quarter of FY25 as against a pre-tax loss of Rs 147.73 crore in Q2 FY24.

Total expenses tumbled 45.74% YoY to Rs 150 crore during the quarter. Other expenses stood at Rs 48.57 crore (down 71.8% YoY) and employee benefits expense was at Rs 77.09 crore (down 4.47% YoY) during the period under review.

For the quarter ended 30 September 2024, global consolidated income of Ramco Systems stood at $17.23 million (Rs 143.4 crore).

The order booking stood at $10.7 million during the quarter under review.

Meanwhile, the company announced that Sundar Subramanian, CEO will step down from his position effective from 3 January 2025, to focus on personal interests. The board has appointed Abinav Raja, currently Whole Time Director, as Managing Director of the company.

P.R. Venketrama Raja, chairman of Ramco Systems, said, This year, we embarked on a strategic modernization journey with the launch of Ramco Payce, marking a pivotal milestone and underscoring our commitment to innovation. The recent release of Ramco Aviation 6.0 further strengthens the path, setting a foundation for sustained progress. Going forward, this momentum will extend across all business units, driving operational excellence and positioning us for substantial growth ahead.

Ramco Systems is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation.

Shares of Ramco Systems closed 1.65% lower at Rs 421.35 on Friday, 8 November 2024.

Powered by Capital Market - Live News

Net Loss of Ramco Systems reported to Rs 9.74 crore in the quarter ended September 2024 as against net loss of Rs 145.81 crore during the previous quarter ended September 2023. Sales rose 12.36% to Rs 142.51 crore in the quarter ended September 2024 as against Rs 126.83 crore during the previous quarter ended September 2023.

Powered by Capital Market - Live News

Ramco Systems will hold a meeting of the Board of Directors of the Company on 8 November 2024

Powered by Capital Market - Live News

Ramco Systems has allotted 1,04,224 equity shares under ESOP on 17 September 2024. Consequently, the paid up equity share capital has increased to 3,71,28,748 equity shares of Rs.10/- each.

Powered by Capital Market - Live News