Ramco Systems Ltd posts Q4 net loss of Rs 15.55 cr
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The company reported standalone net loss during the quarter stood at Rs 15.55 crore compared to net profit of Rs 10.60 crore in the previous year quarter. Net revenue of the company declined moderately by 18.87 per cent at Rs 71.43 crore in January-March quarter of this fiscal as against Rs 88.04 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 35.46 per cent to Rs 73.73 crore from Rs 54.43 crore in year ago period. Other Income dipped by 11.57 per cent at Rs 1.91 crore versus (Mar'21 Rs 2.16 crore). Operating Profit slipped by 106.84 per cent to Rs -2.30 crore as against Rs 33.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 108.44 per cent in March quarter. Interest declined by 6.50 per cent y-o-y to Rs 1.15 crore, while Taxation decreased by 140.94 per cent at Rs -3.39 crore (Mar'21 Rs 8.28 crore).
