Ramco systems reported a growth of 18 percent on Thursday in the consolidated turnover from activities at £ 155.2 Crore for the fourth quarter of FY25 ended March. The net profit after tax for the quarter was on RS 5 Crore compared to a loss of £ 22 crore in the same quarter last year.
For the entire tax year, the consolidated turnover of the software product company grew by 13 percent JoJ to finish at £ 591 Crore. The net loss after tax for the year was £ 34 crore and was considerably knocked down from FY24, when the net loss was £ 242 crore.
“The transformation trip that we started several quarters ago were aimed at renewing our platforms, modernizing our technical stack and laying the foundation for scalable, user-friendly and future Enterprise software-is started to deliver results,” said Pr Venketrama Raja, chairman, Ramco Systems.
Despite subdued order bookings of $ 56 million, the company achieved a growth of a turnover of 10 percent, Ramco Systems said in a statement.
The company noted that its transition to a SaaS model was further strengthened with recurring income that consistently contributes around 60 percent of the total turnover. “Unwork order book remained strong at $ 166 million, which resulted in a clear visibility of income for the future, it added.
Abinav Raja, Managing Director, Ramco Systems, said: “We continued to make meaningful progress in our technology modernization initiatives, with the emphasis on improvements of user experience, automation and AI-driven tools. These changes can enable us to provide our solutions efficiently, our commitment to our dedication.”
Sandesh Bilagi, President & Coo, Ramco Systems said: “Operational we saw improvements in customer retention, reduced implementation period and improved service quality, driven by our internal efforts to strengthen the implementation and aging of the organization. Although the market conditions remained challenging.”
Published on May 22, 2025
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