Sunday, June 1, 2025
  • Login
  • Register
STOCKS-PROFILE
  • Blog
  • Market
  • Web Stories
  • Finance
  • Investing
  • IPO
  • World
  • Technology
  • Politics
  • Sports
  • Crypto
  • Insurance
No Result
View All Result
STOCKS-PROFILE
  • Blog
  • Market
  • Web Stories
  • Finance
  • Investing
  • IPO
  • World
  • Technology
  • Politics
  • Sports
  • Crypto
  • Insurance
No Result
View All Result
STOCKS-PROFILE
No Result
View All Result
Home Blog

Empowering India’s Defence: Ramco Systems Explores Maintenance and Upgrading Services

by ARVIND KUMAR MISHRA
2 March 2024
in Blog
0
76
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

Ramco Systems recently hired CEO, Sundar Subramanian, focused on the company’s intention in establishing India’s defence sector in an exclusive interview with ET. Specifically, they are eyeing the maintenance, repair, and overhaul (MRO) segment. 

You might also like

Market Crash Today: Sensex Plummets Over 1,200 Points,  Nifty breaches 200 DEMA as Banking and Metal Stocks Tumble

MobiKwik Shares Surge 88% on Debut: A Detailed Analysis of the IPO Success and What It Means for Investors

DLF Q2 FY25 Results: A Comprehensive Analysis of India’s Leading Realty Giant

The corporation as well as the Indian defence sector may be significantly impacted by this truly intriguing development.

Ramco Systems
Ramco Systems

Why is Ramco Systems Interested in the Indian Defense Sector?

The Indian government has been actively promoting indigenous manufacturing infrastructure in the defense sector. They’ve introduced policies, such as the Defense Offset Policy, which requires foreign vendors to invest a minimum of 30% of the contract value in the Indian defense sector. 

Ramco Systems sees this as an opportunity to support foreign original equipment manufacturers (OEM) in meeting this obligation through their software deployments.

Ramco Systems
Ramco Systems

Ramco Systems:Raising Funds for the Bold Move

To support their entry into this promising sector, Ramco Systems recently received approval from their board of directors to raise funds amounting to ₹160 crore. 

This will be achieved by issuing equity shares and warrants on a preferential basis through private placement. The issue price for these shares and warrants is set at a premium compared to the current market price.

Who Will Benefit from This Investment by Ramco Systems ?

The warrants will be issued to promoter P R Venketrama Raja, while the equity shares will go to the promoter group Ramco Industries, as well as non-promoter investors Atyant Capital India Fund – I and Vanderbilt University, total four investors are involved in this deal.

An Examination towards  the Demands

Each warrant is exercisable into one equity share with a face value of ₹10 each, and they will have a tenure of 18 months from the date of allotment.

These warrants can be converted in one or more tranches. Additionally, the equity shares and warrants will be subject to lock-in periods as prescribed by SEBI ICDR Regulations.

Ramco Systems
Ramco Systems

A Brief Introduction about Ramco Systems

A well-known brand in the commercial software industry is Ramco Systems. 

In spite of the fact that they face monetary hardships, their imaginative thoughts and space for development make them a firm to watch in the business programming and guard administrations ventures.

They give a scope of business programming programs, like M&E MRO for Flight, Worldwide Finance, ERP, and Operations. 

These applications are especially functional for associations since they are cloud-based and cell phone viable.

current financial highlights

For the first quarter of the fiscal year 2023-24 (ending June 30, 2023), Ramco Systems reported global consolidated income of USD 17.13 million (Rs. 139.9 crore). 

However, they also posted a net loss after tax of USD 5.72 million (Rs. 46.8 crore) for the same period. 

Ramco Systems
Ramco Systems

However, there are some positive indications that give us hope:

Quarterly order booking reached USD 23.14 million.

They signed four “Million-Dollar plus” deals in various business units.

Global insurance companies and leading aircraft manufacturers trust Ramco for their operations.

Revenue showed a positive momentum with an 11% increase quarter-on-quarter.

Ramco Systems’ share price recently rose by nearly 5%, coinciding with the announcement of their wholly owned subsidiary in Qatar.

Expanding into Qatar

Ramco Systems has had amazing growth with the entry into Qatar. They need to help and change organisations in areas including ERP, HR, and finance with the assistance of their new Qatari auxiliary. 

Ramco has a ton of opportunities to set its situation as a critical corporate programming supplier in Qatar, one of the Center East’s quickest developing countries. 

Local businesses who want to embrace digital transformation as well as their present customers stand to gain from this approach.

Ramco Systems
Ramco Systems

Financial Overview

It’s important to note that while Ramco Systems reported a widened consolidated net loss of ₹45.40 crore during the quarter ending March 2023, compared to ₹26.45 crore in the same quarter the previous year, their total income did increase from ₹125.24 crore to ₹128.26 crore year-on-year. 

For the full fiscal year 2023, the company reported a consolidated net loss of ₹206.86 crore, up from ₹72.93 crore the previous year. The total revenue for the year dropped from 540.37 crore the year before to 497.73 crore.

Ramco Systems
Ramco Systems

In Conclusion

They intend to grow into Qatar as well as the Indian defence industry, which may be quite significant for them.

They’re getting ready to support international OEM vendors and drive digital changes in these regions. 

Although they face financial difficulties, their creative ideas and room for expansion make them a firm to watch in the commercial software and defence services industries.

Share30Tweet19

Recommended For You

Market Crash Today: Sensex Plummets Over 1,200 Points,  Nifty breaches 200 DEMA as Banking and Metal Stocks Tumble

by ARVIND KUMAR MISHRA
7 January 2025
0
Market Crash: Sensex Plummets Over 1,200 Points, Nifty breaches 200 DEMA as Banking and Metal Stocks Tumble

Market Crash Today: The Indian stock market had a significant decline, with the Nifty dropping below 23,600 and the Sensex dropping more than 1,400 points. The market's dip...

Read more

MobiKwik Shares Surge 88% on Debut: A Detailed Analysis of the IPO Success and What It Means for Investors

by ARVIND KUMAR MISHRA
18 December 2024
0
MobiKwik Shares Surge 88% on Debut: A Detailed Analysis of the IPO Success and What It Means for Investors

Shares of MobiKwik soared 88% on their debut day to give the company a market valuation of nearly Rs 40 billion. The successful $67 million IPO, oversubscribed by...

Read more

DLF Q2 FY25 Results: A Comprehensive Analysis of India’s Leading Realty Giant

by ARVIND KUMAR MISHRA
25 October 2024
0
DLF Q2 FY25 Results: A Comprehensive Analysis of India's Leading Realty Giant

DLF Q2 FY25 results: In the second quarter of fiscal year 2025, India’s largest property development company, DLF Ltd has registered a robust performance with a consolidated net...

Read more

Stock Market Live Updates: 7 Key Highlights and Analysis of the market today

by ARVIND KUMAR MISHRA
23 September 2024
1
Stock Market Live Updates: 7 Key Highlights and Analysis of the market today

Stock Market Live Updates: The opening of Indian stock markets on Monday witnessed a positive turn with the factors such as strong global cues and resurgence of investor...

Read more

50 Basis Points Federal Reserve rate cut impacts on IT sector and Stock Prices Development

by ARVIND KUMAR MISHRA
20 September 2024
1
50 Basis Points Federal Reserve rate cut impacts on the IT sector and Stock Prices Development

Known as one of the most influential economic events, this decision was unexpected by many. In fact, most analysts did not foresee such an action from the Fed...

Read more

Related News

Latest Analysis of Adani Power Share Price: Trends and Insights

2 March 2024
Best Credit Cards for September,October and November 2024

Best Credit Cards for September,October and November 2024

2 September 2024
Adani Enterprises share price: Strong Operational Performance

The Value of Fundamental Support and Resistance in Technical Analysis: Building a Strong Foundation

2 March 2024

Browse by Category

  • Blog
  • Crypto
  • Finance
  • Health
  • Investing
  • IPO
  • Market
  • Politics
  • Sports
  • Sports
  • Technology
  • World

Welcome to Stock-Profile, your trusted source for financial news. We are committed to delivering timely, accurate, and insightful updates on stocks, investments, and market trends. Our dedicated team of experts is passionate about providing you with the knowledge you need to navigate the ever-changing landscape of finance. Whether you’re a seasoned investor or just getting started, Stock Profile is here to empower you with information that drives confident financial decisions.

stocks-profile

CATEGORIES

  • Blog
  • Crypto
  • Finance
  • Health
  • Investing
  • IPO
  • Market
  • Politics
  • Sports
  • Sports
  • Technology
  • World

Disclaimer

Only educational and informational purposes are served by the information on Stock-Profile. No financial advice or recommendation to purchase, sell, or hold any securities is intended by our content.No assurance is given or implied as to the correctness of the information, despite the fact that it was gathered from sources we consider to be trustworthy.Before making any decisions, customers are advised to complete their research and consult with financial advisors, because stock market investments have inherent risks. Content and information on Stock-Profile are subject to change without prior notice.

  • About Us -Stocks Profile
  • Cookies Policy
  • Disclaimer
  • Home
  • IPO
  • Privacy Policy
  • Terms and Conditions

© 2023-2024 |Managed by, STOCKS-PROFILE.

  • Blog
  • Market
  • Web Stories
  • Finance
  • Investing
  • IPO
  • World
  • Technology
  • Politics
  • Sports
  • Crypto
  • Insurance
No Result
View All Result

© 2023-2024 |Managed by, STOCKS-PROFILE.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.