Chennai, India – February 5, 2025 – Ramco Systems Limited (BSE: 532370, NSE: RAMCOSYS), a leading enterprise software provider, announced its Q3 FY25 results, posting a 21% year-over-year (YoY) revenue growth. The company continues to maintain positive EBITDA, despite forex fluctuations.
Key Financial Highlights (Q3 FY25)
- Revenue: $18.69 million (₹1,565.94 million), up 21% YoY and 9% QoQ.
- EBITDA: $1.8 million, despite adverse forex fluctuation of $1.3 million.
- Order Booking: $14.6 million, with four "million-dollar-plus" deals signed.
- Recurring Revenue: $10.74 million, showcasing business stability.
- Forex Impact: Negative $1.3 million this quarter, compared to a $0.9 million gain in the previous quarter.
Standalone Financial Performance
| Metric | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations (₹ mn) | 941.89 | 806.29 | 690.26 | 2,404.89 | 1,915.47 |
| Total Expenses (₹ mn) | 844.65 | 883.46 | 887.06 | 2,608.45 | 3,098.44 |
| Profit Before Tax (₹ mn) | 104.76 | (69.83) | (193.10) | (176.85) | (1,172.42) |
| Net Profit (₹ mn) | 99.41 | (66.42) | (182.47) | (168.41) | (1,110.95) |
- EPS: ₹2.73 per share (Basic & Diluted), compared to ₹(1.84) in Q2 FY25.
Consolidated Financial Performance
| Metric | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations (₹ mn) | 1,565.94 | 1,425.12 | 1,282.57 | 4,360.87 | 3,946.27 |
| Total Expenses (₹ mn) | 1,666.14 | 1,500.03 | 1,556.72 | 4,731.21 | 6,203.83 |
| Net Profit (₹ mn) | (100.96) | (96.42) | (261.26) | (392.94) | (2,186.87) |
- EPS: ₹(2.79) per share, reflecting a YoY improvement.
Business Highlights
- Client Acquisitions:
- Australia’s leading early learning services provider chose Ramco Payce for payroll transformation.
- Saudi Arabia’s top logistics service provider selected Ramco for transportation and warehouse management digitization.
- A top-5 Malaysian bank onboarded Ramco for payroll operations (5,000+ employees).
- Philippines-based outsourcing giant partnered with Ramco for payroll transformation.
- A global communications group selected Ramco for multi-country payroll management across its GCC (Global Capability Center).
- Industry Recognition:
- HR Vendors of the Year 2024: Best Payroll Software & Outsourcing Partner (Malaysia, Singapore, Hong Kong).
- Progressive Places to Work 2024 & Best Brands in India 2024 by ET Now.
Management Commentary
Abinav Raja, Managing Director, Ramco Systems:Sandesh Bilagi, COO, Ramco Systems:
Strategic Outlook
- The company remains focused on scaling recurring revenue, increasing operational efficiency, and leveraging AI-driven automation.
- With a strong digital transformation pipeline, Ramco is poised for further revenue growth and margin expansion.