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Ramco Systems records 3qtr net profits at Rs 37.70 million

Press Trust of India  |  Chennai 

and services provider Systems Ltd has recorded net profits at Rs 37.70 million for the third quarter ending December, 2017.

The city-based company had registered net profits at Rs 30.76 million during corresponding period of previous year.

For the nine month period ending December 31, 2017 net profits of the company, went upto Rs 72.67 million from Rs 28.59 million registered during year ago period.

Total income of the company for the October-December 31, 2017 period marginally went upto Rs 1,276.27 million, from Rs 1,135.19 million registered during year ago period.

For the nine month period ending December 31, 2017 total income grew to Rs 3,576.48 million from Rs 3,377.19 million registered during year ago period.

The company said during the quarter ending December 31, 2017 the revenue from markets outside stood at 80 per cent.

"With three of the top 4 consulting companies reposing their trust on Platform, I am delighted to see the endorsements we are gaining..", company, CEO, Virender Aggarwal said.

"With three consecutive quarters of strong order book, the focus will continue to be on driving innovation and simplification in everything we do", he said.

Logistics and global payroll contributed 62 per cent of the overall order booking for the third quarter ending December 31, 2017.

Shares of the company were trading at Rs 457.20 apiece downby 0.74 per cent over previous close in BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 08 2018. 15:00 IST
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