India's Ramco Systems falls 5% on dismal March-qtr results

Ramco Systems

22/06/2020 09:16

** Shares of enterprise software solutions provider
 RMCS.NS  fall as much as 5% to 122.40 rupees; hit lower circuit
    ** Chennai-based co on Friday posts loss of 58.5 mln rupees
($769,759.12) in March qtr vs profit of 57.8 mln rupees last
year, as the COVID-19 outbreak led to delay and deferment of
multiple projects  urn:newsml:reuters.com:*:nFWN2DW0BN 
    ** Says the coronavirus crisis resulted in a significant
drop in order bookings - Co
    ** RMCS shares down 23.9% this year, as of last close
 urn:newsml:reuters.com:*:nFWN2DW0BN


($1 = 75.9978 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))