Ramco Systems Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

Hanjin Information Systems & Telecommunication (HIST), a leading ICT services company and a subsidiary of the Hanjin Group Korea.

This partnership leverages Ramco’s next-gen aviation maintenance software in collaboration with HIST’s expertise in IT consulting for the aviation industry.

The partnership provides Korean aviation organizations with the powerful synergy of HIST’s advisory and software implementation expertise as well as Ramco’s Aviation 6.0 Software, which enables organizations with streamlined processes, optimized supply chain, and enhanced efficiency in engine maintenance management. Ramco and HIST will collaborate on the first-ever implementation of Ramco Aviation Software 6.0 at Korean Air, the national flag carrier of South Korea.

Bong-Sup Byun, CEO, Hanjin Information Systems & Telecommunication, said, “We will create new innovations in the IT market by combining Ramco Systems’ MRO solution expertise and Hanjin Information Systems & Telecommunication’s technological capabilities in the aviation and logistics fields. This partnership will provide opportunities for future-oriented growth for both companies.”

Manoj Kumar Singh, chief customer officer – Aviation, Aerospace & Defense, Ramco Systems, said, “Our partnership with Hanjin Information Systems & Telecommunication reflects a synergy of vision and purpose, as we come together to empower Korean aviation organizations.

I am confident that this partnership will open doors to groundbreaking innovation for these organizations, enabling them to leverage Ramco’s AI-powered solution to elevate their aviation operations with streamlined MRO, enhanced flight safety, and optimized commercials. Our initial collaboration to implement Ramco Aviation Software 6.0 at Korean Air will create immense strides in Korean Air’s technology transformation. We look forward to a long and fruitful partnership with Hanjin Information Systems & Telecommunication.”

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.

The company reported consolidated net loss of Rs 9.64 crore in Q2 FY25 as compared with net loss of Rs 145.76 crore in Q2 FY24. Total income jumped 11.41% year on year (YoY) to Rs 143.42 crore in the quarter ended September 2024.

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The key domestic indices traded with minor cuts in the mid-morning trade. The Nifty dropped below the 24,700 level. PSU bank shares advanced after declining in the past trading session.

The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das decided to keep the benchmark repo rate unchanged at 6.5% for the eleventh straight meeting, and maintain the monetary policy stance ‘Neutral’. The central bank, however, slashed the Cash Reserve Ratio (CRR) by 50 basis points (bps) to 4%. CRR cut of 50 bps to lead to infusion of Rs 1.16 lakh crore into the system, says RBI Governor Shaktikanta Das.

Additionally, Governor Shaktikanta Das revised the GDP growth forecast for FY25, lowering it to 6.6% from the earlier projection of 7.2%.

At 11:29 IST, the barometer index, the S&P BSE Sensex shed 45.21 points or 0.06% to 81,720.65. The Nifty 50 index lost 29.60 points or 0.12% to 24,678.80.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.14% and the S&P BSE Small-Cap index rallied 0.38%.

The market breadth was strong. On the BSE, 2,316 shares rose and 1,452 shares fell. A total of 153 shares were unchanged.

Buzzing Index:

The Nifty PSU Bank index gained 1.08% to 7,202.55. The index shed 0.15% in the past trading session.

UCO Bank (up 3.36%), Indian Overseas Bank (up 2.49%), Central Bank of India (up 2.01%), Punjab & Sind Bank (up 1.91%), Bank of Baroda (up 1.89%), Canara Bank (up 1.81%), Union Bank of India (up 1.80%), Punjab National Bank (up 1.52%), Bank of Maharashtra (up 1.10%) and Bank of India (up 0.96%) advanced.

Stocks in Spotlight:

Ramco Systems rallied 3.48% after the company has entered a partnership with Hanjin Information Systems and Telecommunication, a subsidiary of the Hanjin Group. Together, both the parties will enable the aviation organizations headquartered in South Korea to digitally transform their M&E and MRO operations.

Welspun Living added 1.45% after the company’s board approved the scheme of amalgamation between Welspun Home Solutions and Welspun Advanced Materials. Welspun Home Solutions is a subsidiary of Welspun Advanced Materials.

Global Markets:

Most of the Asian stocks advanced on Friday. All eyes are on the U.S. nonfarm payrolls report due in the day that may help shape the direction of the Federal Reserve's policy path later this month.

In Asia, key economic data releases include India's interest rate decision and Malaysia's foreign reserves. China's November foreign reserves data may also be released today.

US stock markets pulled back from record highs on Thursday as investors took a cautious approach ahead of the payrolls report. The S&P 500 declined 0.2%, the NASDAQ Composite fell 0.2%, and the Dow Jones Industrial Average dropped 0.6%. Technology stocks, a major driver of recent market gains, retreated, while economically sensitive sectors like energy, financials, and industrials also lost ground.

US initial jobless claims rose to 224,000 for the week ended November 30th, up from the previous week's revised figure of 215,000.

The upcoming US nonfarm payrolls report will be closely watched by investors and policymakers alike. A strong reading could reinforce expectations of economic recovery and support further normalization of monetary policy.

Meanwhile Bitcoin tumbled from record highs above the coveted $100,000 level, as it was slapped with heavy profit-taking.

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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.

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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.

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