Ramco Systems Hits 10% Lower Circuit After Q1 Profit Falls Sharply
Author: CNBC-TV18 Markets·
Key Takeaways
- •Ramco Systems posted a net profit of ₹56 lakh for the quarter, sharply lower than ₹25 crore in the same period last year.
- •Revenue from operations rose 7.5% year-on-year to ₹173 crore from ₹161 crore.
- •The June quarter marked the company’s first single-digit revenue growth since the June 2024 quarter.
- •The stock hit a 10% lower circuit after the results were announced.
Ramco Systems hit a 10% lower circuit after reporting a sharp drop in quarterly profit, even as revenue rose in the June quarter.
The company posted a net profit of ₹56 lakh for the quarter, compared with ₹25 crore in the same period a year earlier. Revenue from operations increased 7.5% year-on-year to ₹173 crore from ₹161 crore, marking Ramco Systems’ first quarter of single-digit revenue growth since the June 2024 quarter. The contrast between higher revenue and much lower profit is the key detail investors typically watch in quarterly results, since it points to how operating costs and other expenses are affecting the bottom line even when sales improve.
