Ramco Systems gains after partnership with Eurocopter

The company made the announcement after market hours on Wednesday, 19 June 2013.

Meanwhile, the S&P BSE Sensex was down 488.45 points, or 2.54%, to 18,757.25.

On BSE, 12,340 shares were traded in the counter as against an average daily volume of 953 shares in the past one quarter.

The stock hit a low of Rs 78.20 so far during the day, which is also a 52-weel low for the counter. The stock hit a high of Rs 83.25 so far during the day. The stock had hit a 52-week high of Rs 170 on 16 July 2012.

The stock had underperformed the market over the past one month till 19 June 2013, sliding 19.55% compared with the Sensex's 5.13% fall. The scrip had also underperformed the market in past one quarter, falling 26.93% as against Sensex's 1.25% rise.

The small-cap company has an equity capital of Rs 15.74 crore. Face value per share is Rs 10.

Ramco Systems and Eurocopter have tied up to offer cloud-based maintenance information systems for helicopters. This partnership agreement, formally signed at the 2013 Paris Air Show, enables Ramco Systems and Eurocopter to offer additional mobility and functionality for the collection and treatment of MRO-related data, thereby providing highly effective and cost-efficient fleet management services that are affordable and user friendly for all operators - including those with smaller numbers of helicopters.

The Franco-German-Spanish Eurocopter group is a division of EADS, a world leader in aerospace and defense-related services.

On a consolidated basis, Ramco Systems reported a net loss of Rs 5.73 crore in Q4 March 2013, lower than a net loss of Rs 7.34 crore in Q4 March 2012. Net sales rose 35.7% to Rs 69.12 crore in Q4 March 2013 over Q4 March 2012.

Ramco Systems is a software company focused on consulting, products, and managed services business.

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