Ramco Systems climbs after winning contract

Ramco Systems rose 5.85% to Rs 372.85 at 14:35 IST on BSE after the company said it has secured an order for Ramco Aviation Suite from Hong Kong Aircraft Engineering Company.

The announcement was made during trading hours today, 11 July 2018.

Meanwhile, the S&P BSE Sensex was up 84.31 points, or 0.23% to 36,323.93.

On the BSE, 8,981 shares were traded in the counter so far compared with average daily volumes of 3,920 shares in the past two weeks. The stock had hit a high of Rs 380.25 and a low of Rs 358 so far during the day. The stock hit a 52-week high of Rs 572.90 on 11 January 2018. The stock hit a 52-week low of Rs 318.10 on 28 June 2018.

Ramco will provide end-to-end solution to HAECO ITM, a HAECO Group company which provides Inventory Technical Management solutions by unifying various techno-commercial functions - covering customer contract management, supply chain management, inventory management, financial management, and component engineering including reliability management - on a single platform equipped with advanced supply chain planning and optimisation. Ramco Aviation Suite will integrate with HAECO's existing business systems, while the partnership will also enable HAECO ITM to interface with customers and suppliers through Aeroxchange.

HAECO ITM provides services ranging from flexible inventory pooling options, Power-By-The-Hour support services and repair management to ad-hoc loans, exchanges and worldwide AOG support. With extensive component engineering and airline operating experience and strong in-house repair capabilities, HAECO ITM offers customised, innovative and cost effective component management solutions with guaranteed service level and high quality component maintenance to ensure customer fleet performance and technical dispatch reliability.

On a consolidated basis, net profit of Ramco Systems fell 46.38% to Rs 4.30 crore on 3.74% increase in net sales to Rs 118.58 crore in Q4 March 2018 over Q4 March 2017.

Ramco Systems is an enterprise software player providing cloud and mobile-based enterprise software in HCM and Global Payroll, ERP and M&E MRO for Aviation.

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