Ramco Systems Reports Strong Q3 FY24-25 Sales Growth Amid Evaluation Adjustments

Feb 05 2025 03:31 PM IST
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Ramco Systems announced its financial results for the quarter ending December 2024, showcasing stable performance with a record quarterly net sales of Rs 156.59 crore, reflecting a year-on-year growth of 22.09%. The company's Debtors Turnover Ratio improved to 5.87 times, indicating enhanced debt settlement efficiency.
Ramco Systems, a small-cap player in the IT software industry, recently reported its financial results for the quarter ending December 2024. The results, declared on February 5, 2025, indicate a stable performance for the third quarter of FY24-25. Notably, the company's score has undergone an adjustment in evaluation, reflecting a shift from 18 to 4 over the past three months.

The financial data reveals that Ramco Systems achieved its highest quarterly net sales at Rs 156.59 crore, marking a year-on-year growth of 22.09%. This consistent growth trend has been observed over the last five quarters, suggesting a robust near-term sales trajectory. Additionally, the company's Debtors Turnover Ratio has reached a notable high of 5.87 times, indicating improved efficiency in settling debts, as evidenced by performance over the last five half-yearly periods.

These developments highlight the operational strengths of Ramco Systems, even as the overall evaluation reflects recent changes.

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