Ramco Systems gains on winning order from Mission Aviation Fellowship

Ramco Systems rose 1.06% to Rs 981.25 at 14:35 IST on BSE after the company said it bagged new order from US-based Christian mission organization Mission Aviation Fellowship.

The announcement was made during trading hours today, 10 August 2015.

Meanwhile, the BSE Sensex was up 110.79 points, or 0.39%, to 28,347.18.

On BSE, so far 13,000 shares were traded in the counter, compared with an average volume of 15,773 shares in the past one quarter.

The stock hit a high of Rs 1,001.50 and a low of Rs 965.25 so far during the day. The stock hit a record high of Rs 1,113 on 5 August 2015. The stock hit a 52-week low of Rs 341.20 on 8 August 2014.

The stock had outperformed the market over the past one month till 7 August 2015, rising 3.68% compared with 0.23% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 65% as against Sensex's 6.16% rise.

The small-cap company has an equity capital of Rs 29.65 crore. Face value per share is Rs 10.

The company said it will implement Ramco Aviation Suite with OFMS (Offline Field Maintenance System) to help Mission Aviation Fellowship (MAF) track multi-location maintenance operations & inventories.

Ramco Aviation Suite, the preferred aviation and MRO software of noted players in the industry, will provide modules of maintenance and engineering, compliance and quality, inventory and Procurement, and Mobility. The enterprise solution will also offer OFMS, thereby addressing MAF's fleet management needs in remote regions with limited or no connectivity.

On a consolidated basis, Ramco Systems reported net profit of Rs 7.14 crore in Q1 June 2015 as against net loss of Rs 2.87 crore in Q1 June 2014. Net sales rose 33.62% to Rs 102.65 crore in Q1 June 2015 over Q1 June 2014.

Ramco Systems is a rapidly growing cloud enterprise software company focused on providing multi-tenanted enterprise software to corporates in the area of HCM and Payroll, ERP and M&E MRO for Defence and Civil Aviation, with Mobile first philosophy and In-memory based Planning and Optimization engine. The company has 20 offices spread across India, USA, Canada, Europe, Australia, Middle East, South Africa and APAC.

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