Stock Report

Ramco Systems Ltd Q1FY22 consolidated loss at Rs. 8.92 crore



Posted On : 2021-07-28 18:09:26( TIMEZONE : IST )

Ramco Systems Ltd Q1FY22 consolidated loss at Rs. 8.92 crore

RAMCO SYSTEMS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.142.85 crores during the period ended June 30, 2021 as compared to Rs.152.92 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.(8.92) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.7.35 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.(2.91) for the period ended June 30, 2021 as compared to Rs.2.39 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 142.85 crs₹ 152.92 crsDown Tick -6.59%
Net Profit₹ (8.92) crs₹ 7.35 crsDown Tick -221.36%
EPS₹ (2.91)₹ 2.39Down Tick -221.76%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.142.85 crores during the period ended June 30, 2021 as compared to Rs.148.63 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.(8.92) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.13.81 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.(2.91) for the period ended June 30, 2021 as compared to Rs.4.51 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 142.85 crs₹ 148.63 crsDown Tick -3.89%
Net Profit₹ (8.92) crs₹ 13.81 crsDown Tick -164.59%
EPS₹ (2.91)₹ 4.51Down Tick -164.52%

Commenting on the business focus, P.R. Venketrama Raja, Chairman, Ramco Systems, said, "Organizations today have become more focused towards transforming their business through innovative, digital strategy to make them more agile. To align with this, we are investing significantly in building next generation products, with modern user experience, embedded with AI / ML."

"Our Aviation, Aerospace & Defense, and Global Payroll business continue to make a mark in the global markets with some early wins and several innovative features. We look forward to continuously improve and capitalize on the opportunities ahead" he added.

Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs. 623.5 as compared to the previous close of Rs. 635. The total number of shares traded during the day was 9027 in over 823 trades.

The stock hit an intraday high of Rs. 641 and intraday low of 612. The net turnover during the day was Rs. 5647854.

Source : Equity Bulls

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