Ramco Systems Ltd Q3FY21 consolidated PAT up at Rs. 17.89 crore

RAMCO SYSTEMS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.174.21 crores during the period ended December 31, 2020 as compared to Rs.165.09 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.17.89 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.16.71 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.5.84 for the period ended December 31, 2020 as compared to Rs.5.46 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 174.21 crs	₹ 165.09 crs	5.52%
Net Profit	₹ 17.89 crs	₹ 16.71 crs	7.06%
EPS	₹ 5.84	₹ 5.46	6.96%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.174.21 crores during the period ended December 31, 2020 as compared to Rs.149.23 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.17.89 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.5.77 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.5.84 for the period ended December 31, 2020 as compared to Rs.1.89 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 174.21 crs	₹ 149.23 crs	16.74%
Net Profit	₹ 17.89 crs	₹ 5.77 crs	210.05%
EPS	₹ 5.84	₹ 1.89	208.99%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.487.94 crores during the 9 months period ended December 31, 2020 as compared to Rs.442.58 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.48.42 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.16.02 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.15.81 for the 9 months period ended December 31, 2020 as compared to Rs.5.24 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 487.94 crs	₹ 442.58 crs	10.25%
Net Profit	₹ 48.42 crs	₹ 16.02 crs	202.25%
EPS	₹ 15.81	₹5.24	201.72%

Commenting on the results, P.R. Venketrama Raja, Chairman, Ramco Systems, said, "The pandemic has stepped up the need for organizations to go digital to survive and grow. It has helped speed up the transformation agenda for businesses, globally. We see this as an opportunity for organizations to relock at their existing processes and adopt newer ways to experience exponential savings in time, cost and effort. It is this focus that we place on delivering measurable results, that has helped us continue to win the trust of global businesses. With focus on technology and innovation we are here to define the new normal."

Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.663.5 as compared to the previous close of Rs. 638.75. The total number of shares traded during the day was 4910 in over 475 trades.

The stock hit an intraday high of Rs. 663.5 and intraday low of 638. The net turnover during the day was Rs. 3201677.

Source : Equity Bulls

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