Ramco Systems gains nearly 2 per cent on partnering with EXSYN for aircraft data migration
Ramco Systems today announced that it has partnered with EXSYN in the critical area of aircraft data migration, offering joint implementation services of Ramco Aviation M&E MRO Suite V5.8.
This partnership between the two companies will enable new clients onboarding Ramco Aviation Suite to trust and rely on the technology of EXSYN in order to smoothly migrate their data from existing systems into Ramco application.
Reacting to this, the company’s stock today increased by 3.98 per cent and made an intraday high of Rs 567.30 per share at 10.06 am.
Besides, the company reported a net profit of Rs 18.43 crore in Q3FY21. It had reported a profit of Rs 5.94 crore in Q3FY20, which is an increase of 205.42 per cent. The company reported net sales of Rs 171.38 crore for Q3FY21, an increase of 16.51 per cent as against the net sales of Rs 147.10 crore for Q3FY20.
Ramco Systems Ltd is a part of Chennai-based Ramco Group. It is a global provider of enterprise solutions & services in key areas of manufacturing, aviation, asset management, trading & logistics, healthcare, e-Governance, banking & financial services, corporate performance management, and human resources management.
According to BSE data, the stock traded at a P/E multiple of 83.55 and a price-to-book ratio of 1.57. The stock has a 52-week high and a 52-week low of Rs 784.15 and Rs 64.10, respectively.
At 3.19 pm, the stock of the company was trading at Rs 556.00, up by 1.91 per cent on BSE.