Shares of this Global aviation software company surged nearly 6 percent after launching a new Aviation Software 6.0 for smarter aircraft management.
Share price movement
The shares of Ramco Systems Ltd. surged 5.9 percent in Wednesday’s trading session reaching an intra-day high of Rs.455 per share from its previous close of Rs.429.5 apiece. The share is currently trading at Rs.437.5 apiece.
What is the news
Global aerospace software specialist Ramco Systems has launched version 6.0 of its Aviation Software, aimed at transforming M&E and MRO operations through AI-driven insights, advanced automation, and seamless integration.
This comprehensive solution includes key modules for Contracts, Engineering, Maintenance, Supply Chain, Finance, and more.
Notable features include the Engine MRO Module for enhanced precision in engine maintenance, the MCC Hub for streamlined aircraft readiness assessment, and the MRP Module for optimized resource planning.
Additional tools like the Graphical Quote Comparison and Purchase Automation Framework simplify decision-making and order management, while enhanced pricing solutions improve billing and invoicing efficiency.
Management Commentary
Sundar Subramanian, Chief Executive Officer, of Ramco Systems, said, “The latest version of Ramco Aviation Software 6.0 is a significant milestone in our journey. Along with the advanced capabilities, our specialized Engine MRO solution is a key part of this release, addressing the critical challenges of engine maintenance. By harnessing advanced technology and our domain expertise Ramco Aviation Software 6.0 will enable aviation organizations to meet their growing customer demands and stay competitive.”
Reputed Clientele
Ramco Systems features a strong client roster, with renowned names such as Accenture, Philippine Airlines, Airbus, ANZ, DLF, Panasonic, General Electric, BCG, Blackrock, and many others.
Financials
In its Q1 FY25 financial results, Ramco Systems reported revenue of Rs.136.98 crore, reflecting a 1.77 percent decrease from Rs.139.45 crore in the same quarter of the previous year. Net loss for the period decreased to Rs.19.56 crore, compared to Rs.46.8 crore. Despite the reduction in net loss, the company’s overall financial performance remains weak, with declining revenues and ongoing losses.
Company Profile
Ramco Systems is a leading provider of next-gen enterprise software products and platforms, offering cloud-based and mobile-based solutions across industries like aviation, logistics, and HR & payroll.
Written by – Siddesh S Raskar
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