Ramco Systems shows positive trend in financials, operating profit highest in 5 quarters

Feb 07 2024 06:00 PM IST
share
Share Via
Ramco Systems, a smallcap IT software company, has reported its financial results for the quarter ending December 2023. While the company's financials have remained flat, there has been a significant improvement in its overall score, driven by a rise in operating profit and efficiency. MarketsMojo has given a 'Sell' call for the company's stock based on these results.
Ramco Systems, a smallcap IT software company, has recently declared its financial results for the quarter ending December 2023. According to the latest report, the company has shown a flat performance in terms of financials. However, there has been a significant improvement in the company's overall score, which has increased from -16 to 4 in the last three months.

One of the key factors contributing to this improvement is the company's operating profit (PBDIT), which has been the highest in the last five quarters at Rs -4.43 crore. This indicates a positive trend in the near term for the company's operating profit. Additionally, the operating profit margin has also seen a significant improvement, reaching its highest at -3.45% in the last five quarters. This shows that the company's efficiency has improved.

Furthermore, the profit before tax less other income (PBT) has also been the highest in the last five quarters at Rs -27.41 crore, with a positive trend in the near term. The profit after tax (PAT) has also shown a positive trend, with the highest at Rs -26.35 crore in the last five quarters. This indicates that the company's profitability has increased.

In terms of earnings per share (EPS), Ramco Systems has shown a positive trend with the highest at Rs -7.45 in the last five quarters. This shows that the company has been able to create higher earnings for its shareholders.

Another positive aspect of the company's financials is the debtors turnover ratio, which has been the highest at 5.21 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors faster.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Ramco Systems' stock. However, it is important to note that this is not a recommendation and is solely based on the company's financial performance. Investors are advised to do their own research and analysis before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News