India's Ramco Systems loses 7% as Q4 net loss widens

Ramco Systems

17/05/2023 09:12

** Shares of Ramco Systems Ltd  RMCS.NS  fall as much as
7.41% to 209.30 rupees, a six-week low
    ** Global enterprise software firm reports widening of
consolidated net loss in March quarter to 455.7 mln rupees from
263.8 mln rupees Y/Y  urn:newsml:reuters.com:*:nFWN37E01G
    ** Revenue rises marginally to 1.26 bln rupees from 1.24 bln
rupees Y/Y
    ** Operational loss widens to 149.15 mln rupees compared
with 22.98 mln rupees in the corresponding quarter a year
earlier
    ** Trading volume at 243,883 shares as of 1:38 p.m. IST,
nearly thrice the 30-day avg - Refinitiv data

    
      ($1 = 81.7800 Indian rupees)
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))