Ramco Techniques studies diminished web loss in Q3

Ramco Techniques Ltd, the Chennai-based software program firm, has reported a diminished web lack of ₹1.82 crore for the third quarter ended December 31, 2023, as towards a web lack of ₹2.64 crore for a similar interval final 12 months and a web lack of ₹6.16 crore within the sequential quarter. Income in Q3 elevated marginally to ₹69 crore (₹66 crore).

Sundar Subramanian, CEO, Ramco Techniques, mentioned, “We’re persevering with on our path of great turnaround, simplifying and strengthening our enterprise. Our focus stays on innovation, guaranteeing the supply of high quality merchandise to our shoppers.”

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The corporate is deepening its funding in trendy applied sciences similar to low-code growth, zero-friction UX and embedded AI. “This technique positions the corporate to thrive, even in unsure financial circumstances, as we forge forward, able to embrace future alternatives,” he mentioned.

Strategic partnerships

The corporate has not too long ago secured strategic partnerships with distinguished companies companies, Deloitte Touche Tohmatsu India LLP and BDO India. These alliances will mix Ramco’s superior payroll platform with the huge consulting prowess and companies provided by these companions, establishing a benchmark for international payroll excellence.

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As the corporate’s turnaround technique unfolds, Ramco is anticipating stronger progress and improved ends in the approaching quarters. “This optimistic change displays Ramco’s dedication to excellence and strategic partnerships, setting us on a path to outperform expectations and safe a number one place within the business,” he mentioned.

Ramco Techniques’ share value on the BSE closed at ₹313.60, down 7.34 per cent.



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