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Ramco Systems Ltd Interim / Quarterly Report 2021
60779_rns_2021-07-28_3c5566d8-23e2-4c01-af6f-def5e2934f8f.pdf
Interim / Quarterly Report
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July 28, 2021
National Stock Exchange of India Ltd.,
Exchange Plaza, 5th Floor Plot No:C/1, G Block Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Scrip: RAMCOSYS
BSE Ltd., Corporate Relationship Department, Phiroze Jeejheebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip: 532370
Dear Sir/Madam,
Sub: Outcome of the Board Meeting held on July 28, 2021 Ref: Trading Window Closure & Board Meeting Intimation dated June 30, 2021 & July 12, 2021
The Board of Directors, in its meeting held today (July 28, 2021), approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2021.
| Time of commencement of the Board Meeting | - | 02.40 P.M. |
|---|---|---|
| Time of completion of the Board Meeting | - | 04.05 P.M. |
- 1) Pursuant to Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following, duly reviewed by the Audit Committee and approved by the Board of Directors: 2) A copy of the Press Release on performance of the Company is enclosed.
- Standalone and Consolidated Un-Audited Financial Results for the quarter ended June 30, 2021.
- Limited Review Report from the Statutory Auditors on the Standalone and Consolidated Un-Audited Financial Results for the quarter ended June 30, 2021.
- A copy of the newspaper publication on the Financial Results of the Company in the prescribed format being published is enclosed.
The aforesaid intimation is also being hosted on the website of the Company www.ramco.com . Kindly take on record the same.
Thanking you,
Encl: As above
Ramco Systems Limited
Corporate Headquarters : 64, Sardar Patel Road, Taramani, Chennai 600 113, lndia I Tel: +91 44 2235 4510 / 66534000 Fax: +91 44 2235 2884 I CIN : L72300TN1997PLC037550 l Registered Office:47, P.S.K. Nagar, Rajapalayam 626 108, lndia
| Statement of Standalone Financial Results for the Quarter Ended June 30, 2021 | |||||
|---|---|---|---|---|---|
| SL No. Particulars | Quarter Ended | Year Ended | |||
| June 30, 2021 March 31, 2021 June 30, 2020 March 31, 2021 | |||||
| Unaudited | Audited (Refer note) |
Unaudited | Audited | ||
| 1 | Income | ||||
| Revenue from operations | 689.01 | 880.35 | 757.13 | 3,450.05 | |
| Other Income | 21.89 | 21.59 | 23.10 | 93.53 | |
| Total Income | 710.90 | 901.94 | 780.23 | 3,543.58 | |
| 2 | Expenses | ||||
| Purchase of stock-In-trade | 0.46 | 41.78 | 0.03 | 46.32 | |
| Changes in inventories of stock-in-trade | - | - | - | - | |
| Employee benefits expense | 382.26 | 321.34 | 309.83 | 1,317.36 | |
| Finance costs | 11.72 | 12.25 | 25.30 | 75.91 | |
| Depreciation and amortisation expense | 171.56 | 156.57 | 158.93 | 629.52 | |
| Other expenses | 206.39 | 181.17 | 121.13 | 662.10 | |
| Total Expenses | 772.39 | 713.11 | 615.22 | 2,731.2/ | |
| 3 | Profit/(Loss) before tax (1 - 2) | (61.49) | 188.83 | 165.01 | 812.37 |
| 4 | Income Tax expense | ||||
| Current tax Deferred tax (including MAT credit) |
- - |
20.39 62.44 |
29.70 47.64 |
133.06 237.06 |
|
| Total tax expenses | - | 82.83 | 77.34 | 370.12 | |
| 5 | Profit/(Loss) (3 - 4) | (61.49) | 106.00 | 87.67 | 442.25 |
| 6 | Other comprehensive income (OCI) | ||||
| (i) Items that will not be reclassified to profit or loss | |||||
| Remeasurement of defined benefit obligations (net) | - | 4.69 | - | 4.69 | |
| Income tax on above items | - | (1.37) | - | (1.37) | |
| Total | - | 3.32 | - | 3.32 | |
| (ii) Items that may be reclassified to profit or loss | |||||
| Effect of change in functional currency of foreign operations | (4.69) | (1.00) | (0.35) | 4.46 | |
| Income tai on above items | - | - | - | - | |
| Total | (4.69) | (1.00) | (0.35) | 4.46 | |
| Other comprehensive income, net of tax (I + ii) | (4.69) | 2.32 | (0.35) | 7.78 | |
| 7 | Total comprehensive income (5 + 6) | (66.18) | 108.32 | 87.32 | 450.03 |
| 8 | Paid-up Equity Share Capital - Face value of Rs.10/- each | 307.51 | 307.49 | 306.40 | 307.49 |
| 9 | Earnings Per Share on SI. No. 5- Face value of Rs.10/- each (Annualised only for yearly figures): |
||||
| Basic | (2.00) | 3.46 | 2.86 | 14.43 | |
| Diluted | (2.00) | 3.45 | 2.86 | 14.43 |
Ramco Systems Limited ramco Registered Office : 47, PSK Nagar, Rajapalayam - 626 108. CIN: L72300TN1997PLC037550
For RAMCO SYSTEMS LIMITED LA-P.R. Venketrama Raja Chairman
| Notes: (The amounts In brackets In the notes denote the figures for the corresponding Quarter of the orevious veal, | |
|---|---|
| 1 | The above financial results of Ramco Systems Limited, India (the "Company") were reviewed by the Audit Committee and approved by the Board of |
| Directors in its meeting held on July 28, 2021. The Standalone Financial Results are prepared In accordance with the Indian Accounting Standards | |
| (Ind -AS) as prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder. The Statutory Auditors have | |
| carried out a limited review of the Standalone results of the Company for the quarter ended June 30, 2021 and have issued an unmodified report. | |
| 2 | Employee benefits expense Includes cost towards the proportionate fair value of the stock options granted to various employees, amortised over the graded vesting period ("ESOP Cost"). Such ESOP Cost for the quarter Includes fts.0.56 Min. (Rs.0.12 Mln.). |
| 3 | Other expenses for the quarter Includes bad debts / provision for doubtful debts & advances of Rs.26.79 Mln. (Rs.24.84 Mln.). |
| 4 | Other expenses for the quarter also includes foreign exchange fluctuation gain of Rs.30.66 Mln. (Rs.30.76 Min) |
| 5 | During the quarter, the Company had allotted a total of 1,345 equity shares of Rs.10/- each under the Employees Stock Option Schemes ("ESOS") of the Company. Further 7,758 equity shares of Rs.10/- each were allotted under ESOS after the end of the quarter. Accordingly, the paid up capital of the Company increased to Fts.307.59 Min. from Fts.307.49 Mln. as at March 31, 2021. |
| 6 | The borrowings as at June 30, 2021, stood at Nil (as at June 30, 2020, stood at Rs.727.50 Mln.). |
| 7 | The Government of India had enacted The Code on Wages 2019, The Industrial Relations Code 2020, The Occupational Safety, Health & Working Conditions Code 2020 and The Social Security Code 2020, subsuming various existing labour and industrial laws, but the effective date is yet to be notified. The impact of the legislative changes if any will be assessed and recognised post notification of relevant provisions. |
| 8 | Estimation of uncertainties relating to the Global Pandemic ('COVID-19'): The outbreak of Novel Coronavirus (COVID19) continues to progress and evolve. Therefore, It is challenging now, to predict the full extent and duration of its business and economic Impact. The Company has, based on information available, taken into account the possible impact of .COVID-19, including on the carrying amounts Of financial and nonfinancial assets and as per the current assessment of the Company, there is no material impact In respect of these in the preparation of the financial statements. However, the Impact of covp-19 on the Company's financial statements may.differ from that estimated as at the date of approval of these financial statements and the Company will continue to monitor the uncertainties caused by COVID-19 to assess the Impact on our future economic conditions. |
| 9 | The Company has only one operating segment- viz., Software Solutions & Services. |
| 10 | , Figures for the previous period(s) have been regrouped / restated wherever necessary to make them comparable with the figures for the current period(s). Figures for the quarter ended March 31, 2021 are the balancing figures between audited figures in respect of the full financial year ended March 31, 2021 and published year to date figures up to the third quarter ended December 31, 2020. |
| By order of the Board | |
| f F r Rake Systems Llmite i.e.c. |
|
| Place : | P.R. Venketrarna Raja Channel |
| Date : | Chairman July 28, 2021 |
M.S. JAGANNATHAN &N KRISHNASWAMI
Chcrtcred Acccuntants
2nd_Floor, New-No 10, Salai Road Extension, Thillainagar; Trichy 620018. Ph: 431-4024657
G7, Parsn Paradise, 46, GN Chetty Road, T. Nagar, Chennai 600017. Ph: 44-45008214
E-Mail: [email protected]; Mobile: 09381721405
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF UNAUDITED QUARTERLY STANDALONE FINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS; 2015
TO THE BOARD OF DIRECTORS OF
RAMCO SYSTEMS LIMITED
-
- We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of M/s. Ramco Systems Limited (the "Company") for the quarter ended 30 June 2021 (the "Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Regulation").
-
- This Statement, which is the responsibility of the Company's Management and has been approved by the Board of Directors of the Company, has.been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"),*prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.
-
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel andanalyticalPr-ocedures applied to financial data and thus provides less ass-6rance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
-
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation, 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
- Attention is drawn to the fact that the figures for the three Months ended 31 March 2021 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of the previous financial year had only been reviewed and not subjected to audit.
Our conclusion on the Statement is not modified in respect of the above matter.
Thanking you, For M.S. Jagannathan & N. Krishnaswami Chartered Accountants Firm Registration Number: 001208S
0"--7
K. Srinivasan. Partner Membership No. 021510 UDIN: 210215104AAACC8087 Chennai 28 July 2021
Ramco Systems Limited
Registered Office : 47, PSK Nagar, Rajapalayam - 626 108 raMCO
Corporate Office : No. 64, Sardar Patel Road, Taramani, Chennal 600 113
CIN: L72300TN1997PLC037550 E-mail: [email protected] Website: www.ramco.com
Statement of Consolidated Financial Results for the Quarter Ended June 30, 2021
| SI | No. Particulars | Quarter Ended | Year Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|
| June 30, 2021 | March 31, 2021 | June 30, 2020 | March 31,2021 | ||||||
| Unaudited | Audited (Refer note) | Unaudited | Audited | ||||||
| Rs. Min. | USD Min. | Rs. Min. | USD Min. | Rs. Mtn. | USD Min. | Rs. Min. | USD Min. | ||
| 1 | Income | ||||||||
| Revenue from operations | 1,404.50 | 19.23 | 1,498.61 | 20.60 | 1,452.45 | 19.44 | 6,263.06 | 84.92 | |
| Other income | 24.08 | 0.33 | 30,68 | 0.42 | 33.86 | 0.45 | 145.65 | 1.98 | |
| Total Income | 1,428.58 | 19.56 | 1,529.29 | 21.02 | 1,486.31 | 19.89 | 6,408.71 | 86.90 | |
| 2 | Expenses | ||||||||
| Purchase of stock-in-trade | 0.92 | 0.01 | 45.54 | 0.63 | 0.03 | - | 60.25 | 0.82 | |
| Changes In inventories of stock-In-trade | - | • | - | - | - | - | • | - | |
| Employee benefits expense | 739.40 | 10.12 | 705.91 | 9.69 | 650.17 | 8.70 | 2,761.57 | 37.44 | |
| Finance costs | 13.77 | 0.19 | 14.51 | 0.20 | 28.64 | 0.38 | 88.25 | 1.20 | |
| Depreciation and amortisation expense | 186.37 | 2.55 | 172.17 | 2.37 | 174.06 | 2.33 | 691.46 | 9.38 | |
| Other expenses | 548.48 | 7.51 | 443.69 | 6.09 | 352.66 | 4.72 | 1,728.31 | 23.43 | |
| Total Expenses | 1,488.94 | 20.38 | 1,381.82 | 18.98 | 1,205.56 | 16.13 | 5,329.84 | 72.27 | |
| 3 | Proflt/(Loss) before share of Profit/(Loss) of an associate and tax (1 - 2) |
(60.36) | (0.82) | 147.47 | 2.04 | 280.75 | 3.76 | 1,078.87 | 14.63 |
| 4 | Share of Profit/(Loss) of an associate | - | - | 0.35 | - | - | - | 0.35 | - |
| 5 | Proflt/(Loss) before tax (3 + 4) | (60.36) | (0.82) | 147.82 | 2.04 | 280.75 | 3.76 | 1,079.22 | 14.63 |
| 6 | Income tax expense | ||||||||
| Current tax | 26.88 | 0.37 | 4.04 | 0.06 | 49.06 | 0.66 | 187.28 | 2.54 | |
| Deferred tax (includes MAT credit) | - | - | 69.24 | 0.95 | 89.85 | 1.20 | 324.96 | 4.41 | |
| Total tax expenses | 26.88 | 0.37 | 73.28 | 1.01 | 138.91 | 1.86 | 512.24 | 6.95 | |
| 7 | Proflt/(Loss) (5 - 6) | (87.24) | (1.19) | 74.54 | 1.03 | 141.84 | 1.90 | 566.98 | 7.68 |
| 8 | Other comprehensive Income (OCI) | ||||||||
| (I) Items that will not be reclassified to profit or loss | - | - | 4.69 | 0.07 | - | - | 4.69 | 0.07 | |
| Remeasurement of defined benefit obligations (net) Income tax on above items |
- | • | (1.37) | (0.02) | - | (1.37) | (0.02) | ||
| Total ' | - | - | 3.32 | 0.05 | - | - | 3.32 | 0.05 | |
| (5) Items that may be reclassified to profit or loss | |||||||||
| Effect of change In functional currency of foreign | 27.33 | (0.57) | (4.72) | (0.41) | (34.65) | (0.50) | (115.98) | 0.68 | |
| operations | |||||||||
| Income tax on above items | - | - | - | - | - | - | - | - | |
| Total | 27.33 | (0.57) | (4.72) | (0.41) | (34.65) | (0.50) | (115.98) | 0.68 | |
| Other comprehensive Income, net of tax (I + II) | 27.33 | (0.57) | (1.40) | (0.36) | (34.65) | (0.50) | (112.66) | 0.73 | |
| 9 | Total comprehensive Income (7 + 8) | (59.91) | (1.76) | 73.14 | 0.67 | 107.19 | 1.40 | 454.32 | 8.41 |
| 10 Proflt/(Loss) attributable to: | |||||||||
| a) Share holders of the Company | (89.25) | (1.22) | 73.55 | 1.02 | 138.17 | 1.85 | 557.77 | 7.56 | |
| b) Non-controlling Interest | 2.01 | 0.03 | 0.99 | 0.01 | 3.67 | 0.05 | . 9.21 | 0.12 | |
| (87.24) | (1.19) | 74.54 | 1.03 | 141.84 | 1.90 | 566.98 | 7.68 | ||
| 11 Total comprehensive Income attributable to: | |||||||||
| a) Share holders of the Company | (61.92) 2.01 |
(1.79) 0.03 |
72.15 0.99 |
0.66 0.01 |
103.52 3.67 |
1.35 0.05 |
445.11 9.21 |
8.29 0.12 |
|
| b) Non-controlling interest | (59.91) | (1.76) | 73.14 | 0.67 | 107.19 | 140 | 454.32 | 8.41 | |
| 12 Paid-up Equity Share Capital - Face value of Fts.I0/- each | 307.51 | 6.06 | 307.49 | 6.06 | 306.40 | 6.05 | 307.49 | 6.06 | |
| 13 Earnings Per Share on Si. No. 10(a)- Face value of Rs.10/- each, In Rs. and USD: |
|||||||||
| Basic | (2.91) | (0.04) | 2.40 | 0.03 | 4.51 | 0.06 | 18.20 | 0.25 | |
| Diluted | (2.91) | (0.04) | 2.39 | 0.03 | 4.51 | 0.06 | 18.20 | 0.25 | |
| (Annualised only for yearly figures) |
zaZEMS LIMIT D P.R. Venketrama Raja For7
Chairman
| Notes: (The amounts in brackets in the notes denote the floures for the corresponding (waiter of the Previous year), | ||
|---|---|---|
- 1 The above consolidated financial results of Ramco Systems Limited, India (the "Company"), its subsidiaries, (together referred to as "Group") and its Associate were reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on July 28, 2021, The Consolidated Financial Results are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder. The Statutory Auditors have carried out a limited review of the consolidated results of the Group for the quarter ended June 30, 2021 and have issued an unmodified report.
- 2 Employee benefits expense includes cost towards the proportionate fair value of the stock options granted to various employees, amortised over the graded vesting period ("ESOP Cost"). Such ESOP Cost for the quarter Includes Rs.0.56 Min. USD 0.01 Mln. (Rs.0.12 Min. USD N11).
- 3 Other expenses for the quarter includes bad debts / provision for doubtful debts & advances of Rs.130.08 Mln. USD 1.78 Mln. (Rs.119.52 Mln. USD 1.60 Min.).
- 4 Other expenses for the quarter also includes foreign exchange fluctuation gain of Rs.4.86 Min. USD 0.07 Min. (Rs.58.60 Mln. USD 0.78 Min.).
- 5 During the quarter, the Company had allotted a total of 1,345 equity shares of Rs.10/- each under the Employees Stock Option Schemes ("ESOS") of the Company. Further 7,758 equity shares of Rs.10/- each were allotted under ESOS after the end of the quarter. Accordingly, the paid up capital of the Company increased to Rs.307.59 Min. USD 6.06 Min. from Rs.307.49 Mb. USD 6.06 Mln. as at March 31, 2021.
- 6 The borrowings as at June 30, 2021, stood at Nil (as at June 30, 2020, stood at Rs.750.00 Mln. USD 9.99 Mln.).
- The Government of India had enacted The Code on Wages 2019, The Industrial Relations Code 2020, The Occupational Safety, Health & Working Conditions Code 2020 and The Social Security Code 2020, subsuming various existing labour and industrial laws, but the effective date is yet to be notified. The impact of the legislative changes if any will be assessed and recognised post notification of relevant provisions.
- 8 Estimation of uncertainties relating to the Global Pandemic ('COVID-19'):
- The outbreak of Novel Coronavirus (COVID19) continues to progress and evolve. Therefore, It Is challenging now, to predict the full extent and duration of its business and economic Impact. The Group has, based on information available, taken into account the possible Impact of COVID-19, including on the carrying amounts of financial and non financial assets and as per the current assessment of the Group, there is no material impact in respect of these in the preparation of the financial statements. However, the impact of COVID-19 on the Group's financial statements may differ from that estimated as at the date of approval of these financial statements and the Group will continue to monitor the uncertainties caused by COVID-19 to assess the Impact on our future economic conditions.
- 9 The Grotip has only one operating segment-viz" Software Solutions & Services.
- 10 Figures for the previous period(s) have been regrouped / restated wherever, necessary to make them comparable with the figures for the current period(s). Figures for the quarter ended March 3i, 2021 are the balancing figures between audited figures in respect of the full financial year ended March 31, 2021 and published year to date figures up to the third quarter ended December 31, 2020.
Place : Chennal Date : July 28. 2021
For Ramco ystems Limite P.R Venketrama Raja
Chairman
M.S. JAGANNATHAN - & N KFUSEINASINAtii_
Chartered Accountants
•--2'. Floor,,New No1.0, Salai,Roact.pcnnsjoi?",Thillajnigpf., Trichy A20018. - Ph: 431-4024657 - -
G7, Parsn Paradise, 46, GN Chetty Road, T. Nagar, Chennai 600017. Ph: 44-45008214
E-Mail: [email protected]; Mobile: 09381721405
4NDEPENDENT AUEXTOR'S REVIEW REPORT ON REVIEW OF UNAUDITED QUARTERLY CONSOLIDATED FINANCAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
TO THE BOARD OF DIRECTORS OF
RAMCO SYSTEMS LIMITED
-
- We have reviewed the accompanying Statement of Unaudited Consolidated Financial-Results of MIS. Ramco Systems Limited, India (the "Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as the "Group"), and its share of the net profit / (loss) after tax and total comprehensive income / (loss) of its associate for the quarter ended 30 June 2021 (the "Statement") attached herewith, being submitted by the Parent pursuant to the requirements of RegulatioD .33 of.the SEBI (Listing Obligatio,ns and Disclosure Requirements) Regulations, 20 .,5_as amended (the "Regulation").
-
- This Statement, which is the responsibility of the Parent's Management and has been approved by the Board of Directors of the Parent, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted-in Inclia,_Our _responsibility is to express a conclusion on the Statement based on .our.review.
-
- We conducted our review of the Statement in accordance with -the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performe'd by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
This Statement includes the results of the following entities:
Subsidiaries: Associate:
a) City Works (Pty) Ltd., South Africa
- a) Ramco Systems Corporation, USA
- b) Ramco Systems Canada Inc:, Canada
- c) Ramco Systems Ltd., Switzerland
- d) Ramco Systems Sdn. Bhd., Malaysia
- e) Ramco Systems Pte. Ltd., Singapore
- f) RSL Enterprise Solutions (Pty) Ltd., South Africa
- g) Ramco Systems FZ-LLC, Dubai
- h) RSL Software Company Ltd., Sudan
- i) Ramco Systems Australia Pty. Ltd., Australia
M.S. JAGANNATHAN 1CN.IKRISHNASWAMI
Chartered Accountants
. Floor, New NO 10, Salai.:RoaA pAension4billai_na ,Trithy 620018... • Ph: 431-4024657 --- - , ..- •
G7, Parsn Paradise, 46, GN Chetty Road, T. Nagar, Chennai 600017. Ph: 44-45008214
E-Mail: [email protected]; Mobile: 09381721405
- j) Ramco System Inc., Philippines
- k). Rarrico Systems. (Shanghai) Co, Ltd., China
- I) Ra-rndo Systeb Vietnam Cornp'any Ltd., Vietnam
- m) PT Ramco Systems Indonesia, Indonesia
- n) Ramco Systems Macau Ltd., Macau ,
- o) Ramco Software Japan Limited, Japan
-
- Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.
- : 5. Attention is drawn to the fact that the figures for the three months ended 31 March 2021 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of the previous financial year had only been.reviewed and not subjected to audit.
- The Statement also includes the Group's share of net profit/loss in respect of an Associate based on their interim financial statementslfinancialinformation ifinancial'results which have not been 'reviewed/audited-by theirauditors. - According to the information and explanations given to us by the Management, these financial statements / financial information / financial results are not material-to the Group.
Our conclusion on the Statement is not modified in respect of the above matters.
Thanking you, For M.S. Jagannathan & N. Krishnaswami Chartered Accountants Firm Registration Number: 001208S
K. Srinivasan Partner Membership No. 021510 UDIN: 21021510AAAACD1709 Chennai 28 July 2021
| Extract of Consolidated Financial Results for the Quarter Ended June 30, 2021 Corporate Office: 64, Sardar Patel Road, Taramani, Chennai 600 113. Registered Office: 47, PSK Nagar, Rajapaiayam - 626 108. Ramco Systems Limited |
ramco | |||||||
|---|---|---|---|---|---|---|---|---|
| E-mail: [email protected] CIN: L72300TN1997PLC037550 |
Website: www.ramco.com | |||||||
| Quarter Ended | June 30, 2020 | March 31, 2021 Year Ended |
||||||
| Particulars | June 30, 2021 Unaudited |
March 31, 2021 | Audited (Refer note) | Unaudited | Audited | |||
| Rs. Min. | USD Min. | Rs. Min. | USD MIn. | Rs. Min. | USD MIn. | Rs. Min. | USD MIn. | |
| Total income from operations ä |
1,428.58 | 19.56 | 1,529.29 | 21.02 | 1,486.31 | 19.89 | 6,408.71 | 86.90 |
| Net profit / (loss) for the period (before tax, exceptional items) $\sim$ |
(60.36) | $\sqrt{32}$ | $\frac{147.82}{ }$ | 3.84 | 280.75 | 3.76 | 1,079.22 | 14.63 |
| Net profit / (loss) for the period before tax (after exceptional items) m |
(60.36) | (0.82) | 147.82 | 2.04 | 280.75 | 3.76 | 1,079.22 | 14.63 |
| Net profit / (loss) for the period after tax (after exceptional items) $\overline{\phantom{0}}$ |
(87.24) | (1.19) | 74.54 | $\frac{1}{2}$ | 141.84 | 1.90 | 566.98 | 7.68 |
| Total comprehensive income for the period (comprising profit / (loss) for the period (after tax) and other comprehensive income (after tax)) l۰ |
(59.91) | $\sqrt{\frac{6}{1}}$ | $\frac{1}{2}$ | $\frac{67}{2}$ | 107.19 | 1.40 | 454.32 | 8.41 |
| Equity share capital (face value of Rs.10 each) o, |
307.51 | 6.06 | 307.49 | 6.06 | 306.40 | 6.05 | 307.49 | 6.06 |
| Reserves (excluding revaluation reserve) as shown in the Balance Sheet ∣∼ |
6,210.99 | 83.19 | ||||||
| 8 [Earnings per share for the period (before and after extraordinary items) of Rs.10 each, in Rs. and USD: (Annualised only for yearly figures) | ||||||||
| Basic | (2.91) | (0.04) | 2.40 | 0.03 | 4.51 | 0.06 | 18.20 | 0.25 |
| Diluted | (2.91) | (0.04) | 2.39 | 0.03 | 4.51 | 0.06 | 18.20 | 0.25 |
| accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section.133 of the Companies Act, 2013 read with the relevant rules issued thereunder. The Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the Company's website at www.ramco.com and BSE website Statutory Auditors have carried out a limited review of the consolidated results of the Group for the quarter ended June 30, 2021 and have issued an unmodified report. The above consolidated financial results of Ramco Systems Limited, India (the "Company"), its subsidiaries, (together referred to as "Group") and its Associate were The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and reviewed by the Audit Committee and approved by the Board of Directors in Its meeting held on July 28, 2021. The Consolidated Financial Results are prepared in www.bseindia.com and NSE website www.nseindia.com $\overline{a}$ $\overline{N}$ |
||||||||
| Key numbers of Standalone Financial Results of the Company for the Quarter ended June 30, 2021 are as below: m |
Rs. Mn. | |||||||
| Particulars | For the Quarter Ended | For the Year Ended | ||||||
| June 30, 2021 Unaudited | March 31, 2021 Audited (Refer Note) |
June 30, 2020 Unaudited | March 31, 2021 Audited |
|||||
| Total comprehensive income for the period (comprising profit / (loss) for the period (after tax) and other comprehensive income (after tax)) Total income from operations Net profit / (loss) after tax Profit / (loss) before tax |
(61.49) (61.49) (66.18) 710.90 |
901.94 188.83 106.00 108.32 |
780.23 165.01 87.32 87.67 |
3,543.58 442.25 612.37 450.03 |
||||
| Figures for the previous period(s) have been regrouped / restated viberenevers. necessary to mem organization the current period(s). Figures for the quarter ended March 31, 2021 are the balancing figures noutited figures i ¢ |
||||||||
| Place : Chennai Date : July 28, 2021 |
P.R Venketrama Raja Chairman By order of the Board FoyRamco Systems Limited |
ramco
RAMCO 03. RESULTS: FY 21 - 22
Ramco Systems posts Q1 revenue of USD 19.23m
- .Continues to bet big on Aviation, Aerospace & Defense, and Global Payroll business
- Ramco's Self Explaining Payslip, a move towards Conversational Ul
Chennai, India — July 28, 2021: Ramco Systems (BSE -532370, NSE - RAMCOSYS); a global enterprise software company focusing on Next Generation Cloud Enterprise Applications, today announced the results for the first quarter of 2021-22.
For the quarter ended June 30, 2021 (Q1: 2021-22), global consolidated income of Ramco Systems Limited stood at USD 19.56m (Rs 142.9cr). The net loss after tax for the quarter amounted to USD 1.22m (Rs. 8.9cr).
Q1 Financial Highlights:
- Quarterly order bookings stood at USD 19.74m
- 3 'Million-Dollar-Plus' deals signed
Q1 Business Highlights:
- Ramco Aviation continues its breakthrough in the eVTOL/ UAV space with the addition of two new deals, in the quarter
- Launches Self Explaining Payslip, a smart, Al-based service that lets employees seek explanations of their compensation and payslip component, a move towards Conversational Ul approach
- Ramco ERP further cements its footprint in the U.S. with a leading facility management and commercial cleaning service provider
- Continuous strict lockdown in Asia on account of Covid had significant impact on Order Booking for Q1
- Order Book pipeline continues to stay healthy
Commenting on the business focus, P.R. Venketrama Raja, Chairman, Ramco Systems, said, "Organizations today have become more focused towards transforming their business through innovative, digital strategy to make them more agile. To align with this, we are investing significantly in building next generation products, with modern user experience, embedded with Al / ML."
"Our Aviation, Aerospace & Defense, and Global Payroll business continue to make a mark in the global markets with some early wins and several innovative features. We look forward to continuously improve and capitalize on the opportunities ahead" he added.
About Ramco Systems:
Ramco is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. Part of the USD 1 billion Ramco Group, Ramco Systems focuses on Innovation and Culture to differentiate itself in the marketplace. On Innovation front, Ramco has been focusing on moving towards Active ERP leveraging Artificial Intelligence and Machine Learning and Event Driven Architecture by building features such as Talk It - which allows transactions to be carried out by simple voice commands, Bot it — which allows users to complete transaction using natural conversations; Mail It — transact with the application by just sending an email; HUB It - a one screen does it all concept built to address all activities of a user; Thumb It — mobility where the system presents users with option to choose rather than type values and Prompt It — a cognitive ability which will let the system complete the transaction and prompts the user for approval.
With 1800+ employees spread across 24 offices, globally, Ramco follows_aflat and open culture where employees are encouraged to share knowledge and grow. No Hierarchies, Cabin-less Office rk and not titles, among others are what makes the team say, Thank God it's Monday!
Copyright 2021, Ramco Systems Limited. Information subject to change. All dged.
Leader in NelsonHall's NEAT Matrix for Next Gen Payroll Services Winner of 2020 ISG Paragon Awards Asia Pacific, for Transformation' andCollaboration' Winner Global Payroll Transformation Project of the Year —2019 by Global Payroll Association Positioned as Major Contender in Everest Group's Multi-Country Payroll Platform PEAK Matrix
For more information, please visit http://www.ramco.com/ Follow Ramco on Twitter Aramcosystems and stay tuned to http://blogs.ramco.com
For further information, please contact: Ramco Systems Limited • Neha Hasija 64, Sardar Patel Road, .+91 — 9940320066 Taramani, Chennai — 600 113 neha.hasijaramco.com CIN - L72300TN1997PLC037550
Safe Harbor
Certain statements in this release concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT business including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demanq for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Ramco Systems may, from time to time, make additional written and oral forward-looking statements, including statements contained in our reports to shareholders. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.—
Copyright 2021, Ramco Systems Limited. Information subject to change. All rights acknowledged. ramco