Synopsis:
Ramco Systems Ltd surged to its 10 percent upper circuit after Ramco Payce received official certification as a Workday Global Payroll Connect (GPC) partner. The certification enables seamless multi-country payroll integrations, faster implementations, and enhanced governance for enterprises, driving strong market enthusiasm.
A leading IT services stock surged sharply, hitting its 10 percent upper circuit following the announcement of Ramco Payce’s Workday Global Payroll Connect certification. Investors reacted positively to the strategic validation, which is expected to streamline multi-country payroll, reduce integration costs, and strengthen enterprise governance, boosting confidence in Ramco’s global payroll solutions.
Ramco Systems Ltd, with a market capitalization of Rs. 2,069.33 crore, opened at Rs. 516.20, recorded an intraday high of Rs. 553.85, and had a previous close of Rs. 503.50, Marking an increase of 10 percent and hitting its upper circuit.
What’s the News?
Ramco Systems announced that its global payroll solution, Ramco Payce, has been officially certified as a Workday Global Payroll Connect (GPC) partner. This certification validates Ramco’s ability to provide prebuilt, pretested integrations with Workday Human Capital Management, enabling organizations to standardize payroll across multiple countries while enhancing governance and operational confidence.
Enterprises leveraging Workday GPC can directly enter country-specific payroll inputs, monitor payroll progress across regions, and access approved payroll outputs natively within Workday. The certification is expected to accelerate global payroll implementations, ensure consistent governance, unify access models, and lower overall integration and change management costs.
Trusted by over 500 customers worldwide, Ramco Payce supports payroll across 150+ countries and integrates with leading HCM providers. It offers cloud-based deployment or managed services with new capabilities such as self-service reporting, actionable payroll workspace, serverless payroll, and rapid implementation toolkits. Through AI, machine learning, and robotic process automation, Ramco continues to deliver a touchless payroll experience aimed at faster and smoother implementations.
Comments from the Management
Rohit Mathur, Executive VP & SBU Head – Global Payroll & HR, Ramco Systems, said, “Our Workday Certified Integration underscores Ramco’s commitment to simplifying global payroll at scale.
By combining the Workday platform with Ramco Payce’s next-gen payroll engine, enterprises gain a unified, seamless payroll experience. It also aligns perfectly with our product vision—low-code configurability, faster implementations, and elevated employee experience.”
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Financial Snapshot
Quarter-on-Quarter, Ramco Systems’ sales increased from Rs. 155.26 crore to Rs. 161.32 crore, marking a growth of 3.9 percent, while operating profit declined from Rs. 41.52 crore to Rs. 29.06 crore, down 30 percent. PBT improved from Rs. 7.43 crore to Rs. 9.25 crore, up 24.5 percent, whereas net profit fell sharply from Rs. 5.08 crore to Rs. 1.08 crore, a decline of 78.7 percent.
Year-on-Year, sales rose from Rs. 136.98 crore to Rs. 161.32 crore, a growth of 17.7 percent, and operating profit jumped from Rs. 3.45 crore to Rs. 29.06 crore, an increase of 742 percent. PBT turned positive from a loss of Rs. 18.25 crore to Rs. 9.25 crore, while net profit also swung from a loss of Rs. 19.55 crore to a profit of Rs. 1.08 crore, indicating a complete turnaround.
About the Company
Ramco Systems is a globally recognized enterprise software and platform provider, known for its multi-tenant cloud and mobile-based enterprise solutions. Over the past 25 years, the company has consistently served over 800 clients worldwide with more than two million users, delivering measurable business value across Global Payroll, Aviation, Aerospace & Defense, and ERP sectors.
Ramco differentiates itself through an innovative enterprise application assembly and delivery platform, leveraging advanced technologies such as Artificial Intelligence, Machine Learning, RPA, and Blockchain to drive digital transformation for enterprises globally.
Written By Manan Gangwar
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