Ramco Systems Ltd Q3FY23 consolidated loss widens to Rs. 50.27 crores

Ramco Systems Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 128.741 crores during the period ended December 31, 2022 as compared to Rs. 119.776 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -50.274 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -60.316 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. -16.31 for the period ended December 31, 2022 as compared to Rs. -19.57 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹128.741 crs	₹119.776 crs	7.48%
Net Profit	₹-50.274 crs	₹-60.316 crs	16.65%
EPS	₹-16.31	₹-19.57	16.66%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.128.741 crores during the period ended December 31, 2022 as compared to Rs.127.642 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-50.274 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-25.157 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.-16.31 for the period ended December 31, 2022 as compared to Rs.-8.19 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹128.741 crs	₹127.642 crs	0.86%
Net Profit	₹-50.274 crs	₹-25.157 crs	99.84%
EPS	₹-16.31	₹-8.19	99.15%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.369.464 crores during the 9 Months period ended December 31, 2022 as compared to Rs.415.136 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-161.275 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-46.982 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-52.33 for the 9 Months period ended December 31, 2022 as compared to Rs.-15.29 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹369.464 crs	₹415.136 crs	-11.00%
Net Profit	₹-161.275 crs	₹-46.982 crs	243.27%
EPS	₹-52.33	₹-15.29	242.25%

Shares of Ramco Systems Limited was last trading in BSE at Rs. 239.10 as compared to the previous close of Rs. 236.80. The total number of shares traded during the day was 11152 in over 327 trades.

The stock hit an intraday high of Rs. 240.35 and intraday low of 233.50. The net turnover during the day was Rs. 2628685.00.

Source : Equity Bulls

Keywords

RamcoSystems Q3FY23 9MFY23 ResultUpdate