Ramco Systems to implement aviation software in Iraqi Airways company
Ramco Systems announced on Thursday that it will implement its aviation software, Ramco Aviation M&E MRO Software V5.8 at Iraq’s national carrier, an Iraqi Airways company.
The company will implement its complete aviation software. The cloud-based software will automate the operations of the Iraqi national carrier.
Reacting to this, the company’s stock increased by 4.95 per cent on Thursday. The stock of the company also increased by 649 per cent from its decline in May 2020.
The company reported a net profit of Rs 7.42 crore in Q4FY21. In Q4FY20, it had reported a net loss of Rs 5.66 crore. The company reported net sales of Rs 149.86 crore for Q4FY21, which is an increase of 12.79 per cent as against the net sales of Rs 132.87 crore for Q4FY20.
Ramco Systems Ltd is a provider of enterprise solutions & services in key areas such as 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 38.71 and a price-to-book ratio of 1.95. The stock has a 52-week high and a 52-week low of Rs 784.15 and Rs 72, respectively.
The stock of Ramco Systems ended Thursday’s trading session at Rs 561.85, up by 0.81 per cent on BSE.