Ramco Systems, a leading technology company, announced its Q3 FY24 results on February 07, 2024. The company reported a 0.59% increase in revenue compared to the same period last year. Additionally, the company’s loss decreased by an impressive 47.58% YoY.
Compared to the previous quarter, Ramco Systems experienced a 1.13% increase in income and a significant reduction of 81.93% in loss.
One of the key factors contributing to the improved financial performance was the decrease in Selling, General and Administrative expenses. These expenses decreased by 58.6% compared to the previous quarter and 13.48% YoY.
In addition, Ramco Systems saw a large increase in operating income. The company’s operating income increased by 79.34% qoq and 39.24% YoY.
The EPS (Earnings per Share) for Q3 FY24 stood at ₹-7.47, showing a significant increase of 54.2% YoY.
In terms of stock performance, Ramco Systems delivered -6.48% return in the last week, 10.2% return in the last 6 months, and 7.55% Year-to-date return.
Currently, Ramco Systems has a market capitalization of ₹1107.68 Cr. The company’s 52-week high and low is ₹357 and ₹188.6 respectively.
Period | Q3 FY24 | Q2 FY24 | QoQ Growth | Q3 FY23 | YoY Growth |
---|---|---|---|---|---|
Total Income | 128.26 | 126.83 | +1.13% | 127.5 | +0.59% |
Selling/ General/ Administrative Expenses Total | 77.78 | 187.88 | -58.6% | 89.9 | -13.48% |
Depreciation/ Depreciation | 21.34 | 21.48 | -0.64% | 20.78 | +2.7% |
Total Operating Expense | 158.25 | 272.04 | -41.83% | 176.87 | -10.53% |
Operating Income | -30 | -145.21 | + 79.34% | -49.37 | +39.24% |
Net Income Before Taxes | -26.79 | -147.73 | +81.86% | -51.44 | +47.91% |
Net income | -26.35 | -145.81 | +81.93% | -50.27 | +47.58% |
Diluted Normalized EPS | -7.47 | -41.35 | +81.93% | -16.31 | +54.2% |
Frequently Asked Questions
Question: What is the Q3 FY24 profit/loss by company?
Answer: ₹-26.35Cr
Question: What is Q3 FY24 revenue?
Answer: ₹ 128.26Cr
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Published: 10 Feb 2024, 03:43 IST