India's Ramco Systems tanks 10% as June-qtr loss widens

Ramco Systems

26/07/2022 09:57

** Shares of Indian enterprise tech solutions provider Ramco
Systems  RMCS.NS  fall as much as 10% to 279.50 rupees, post
their biggest intraday pct drop since June 20
    ** Co reports a bigger consol loss for June qtr at 506.9 mln
rupees ($6.36 mln), compared with a loss of 89.3 mln rupees a yr
ago  urn:newsml:reuters.com:*:nFWN2Z713F
    ** Consol revenue from operations dropped to 1.2 bln rupees
in June qtr from 1.4 bln rupees a yr ago
    ** More than 337,000 shares change hands vs the 30-day avg
of 408,611
    ** RMCS shares down 50.5% this year, as of last close
    

($1 = 79.7600 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))