Latest news with #RamcoSystems
Mint
22-05-2025
- Business
- Mint
Sensex, Nifty 50 fall nearly 1%; investors lose ₹2 lakh crore— 10 key highlights from Indian stock market today
The Indian stock market ended with significant losses on Thursday, May 22, as rising geopolitical tensions, mounting concerns over US debt and stretched valuations of domestic equities drove investors away from riskier equities. The Sensex closed 645 points, or 0.79 per cent, down at 80,951.99, while the Nifty 50 closed 204 points, or 0.82 per cent, lower at 24,609.70. The BSE Midcap index fell 0.33 per cent, but the BSE Smallcap index rose 0.17 per cent. Investors got poorer by about ₹ 2 lakh crore in a single session as the cumulative market capitalisation of BSE-listed firms dropped to nearly ₹ 439 lakh crore from ₹ 441 lakh crore in the previous session. The market appears concerned about the US debt due to the proposed tax bill and its ripple effect on the global economy. Moreover, stretched valuations, mixed earnings, and a lack of clarity on the US-India trade negotiations are also weighing on market sentiment. "The key benchmark indices witnessed declines amid US fiscal concerns that the proposed budget bill could significantly increase the national debt, pushing US treasury yields higher due to tepid long-term bond demand. Adding to the pressure, a major credit rating agency's downgrade of the US credit outlook sparked broad-based selloffs across Asian markets," Vinod Nair, Head of Research, Geojit Investments, observed. "Despite a notable improvement in India's PMI in May and uptick in fiscal scenario, ongoing uncertainty around US-India trade negotiations and persistent global market volatility are likely to keep Indian equities in a consolidation phase in the near term," Nair said. Shares of IndusInd Bank (up 1.76 per cent), JSW Steel (up 0.71 per cent), and Bajaj Auto (up 0.65 per cent) ended as the top gainers. ONGC (down 1.98 per cent), Mahindra & Mahindra (down 2.42 per cent) and Hindalco Industries (down 2.03 per cent) closed as the top losers. As many as 39 stocks ended as losers in the index. Barring Nifty Media (up 1.11 per cent), all sectoral indices ended with losses. Nifty Auto, FMCG, IT, Consumer Durables and Oil & Gas declined over a per cent each. Nifty Bank fell 0.24 per cent, while the PSU Bank and Private Bank indices declined 0.58 per cent and 0.22 per cent, respectively. Nifty Financial Services index dropped 0.43 per cent. Vodafone Idea (39.05 crore shares), Tata Teleservices (27.27 crore shares) and NTPC Green Energy (9.94 crore shares) were the most active stocks in terms of volume on the NSE. Cosmo First, Jay Bharat Maruti, Nahar Poly Films and Ramco Systems were the four stocks that jumped 20 per cent on the NSE. R K Swamy (down 12.15 per cent) and Vadilal Industries (down 11.66 per cent) were the two stocks that crashed more than 10 per cent on the NSE. Some 84 stocks, including Ramco Systems, Blue Pebble and Coffee Day Enterprises, hit their upper circuits in intraday trade on the NSE. On the other hand, 53 stocks, including NIBE, Indo Tech Transformers and Teerth Gopicon, hit their lower circuits during the session. As many as 1,275 stocks advanced, while 1,582 declined and 92 remained unchanged on the NSE. BEL, HDFC Asset Management Company and HDFC Life Insurance Company were among the 82 stocks that hit their 52-week highs in intraday trade on the BSE. On the flip side, Aditya Birla Fashion and Retail, R K Swamy and Enkei Wheels (India) were among the 34 stocks that hit their 52-week lows during the session. Read all market-related news here Read more stories by Nishant Kumar
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Business Standard
22-05-2025
- Business
- Business Standard
Smallcaps outperform Sensex, Midcap; Ramco Systems, Cosmo First zoom 20%
The BSE Smallcap index has outperformed the BSE Sensex and BSE Midcap index in Thursday's intra-day trade in an otherwise weak market. At 01:35 PM, the BSE Smallcap index was up 0.02 per cent, as compared to a 1 per cent decline in the BSE Sensex and a 0.5 per cent fall in the BSE Midcap index. More than 2,200 stocks are trading lower on the BSE at this hour, as against 1,550 rising stocks. Stocks that outperformed markets today Timex Group India, VRL Logistics, Suven Life Sciences, Steel Strips Wheels, Hitachi Energy India, Kitex Garments, Interarch Building Solutions, India Glycols, Astra Microwave Products and Aarti Pharmalabs from the BSE Smallcap index have hit their respective 52-week highs in intra-day trade. Ramco Systems and Cosmo First were locked in a 20 per cent upper circuit, while Dishman Carbogen Amcis, Tata Teleservices (Maharashtra) (TTML), Alicon Castalloy, Carysil, Garden Reach Shipbuilders & Engineers (GRSE), Nelcast, Repro India, Fortis Healthcare, Shipping Corporation of India and VA Tech Wabag have rallied between 10 per cent and 16 per cent. Among the individual stocks, Ramco Systems zooms 20 per cent to ₹441.15, after the company reported profit after tax (PAT) of ₹157 crore for the quarter ended March 2025 (Q4FY25). A global enterprise software company offering next-generation SaaS-enabled platform and products had posted PAT of ₹5.3 crore in the year-ago quarter. Despite subdued order bookings of $56 million, the company achieved 10 per cent growth in revenue, underscoring continued trust from existing customers. The strategic transition to a SaaS model was further strengthened with recurring revenue consistently contributing around 60 per cent of total revenue, Ramco Systems said. Shares of Cosmo First soared 20 per cent to ₹794.60 amid heavy volumes. In Q4FY25, the company reported an 80 per cent year-on-year (Y-o-Y) jump in PAT at ₹27 crore. Earnings before interest, taxes, depreciation and amortisation (Ebitda) up 26.9 per cent to ₹85 crore, backed by higher speciality sales and better BOPP & BOPET film margins. The company said Ebitda would have been better but for a one-time non-recurring cost of ₹4.3 crore for thermal line shifting from Korea to India (bringing in 10 crore annual efficiencies) and a 10 per cent lower volume of BOPET film due to a planned shutdown. The company further said it has invested ₹1,180 crore in the last 3 years (including ₹502 crore in the last year) in multiple growth projects including BOPP, CPP & Polyester lines, Metallizers, Coating lines, Window / PPF films, Zigly and Rigid Packaging) and these will yield a significant ramp up in revenue as well as profitability in the next 2 to 3 years. Shares of TTML surged 14 per cent to ₹79 on the BSE in intra-day trade. In the past two trading days, the stock price of the Tata group telecom services provider has zoomed 36 per cent on media report that Tata Sons Ltd, the holding company of the $150 billion Tata Group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices Ltd (TTSL). This is because TTSL has to pay ₹19,256 crore adjusted gross revenue (AGR) along with other dues to the central government by March 2026. Shares of GRSE rallied 12 per cent to ₹2,795 in intra-day trade after the company bagged a ₹25,000 crore order from the Indian Navy. The shipbuilding company, in an exchange filing, said it emerged as the lowest bidder (L1) for the construction of next-generation corvettes (NGC) for the Indian Army. The L1 bidder will be awarded five NGC ships at a likely value of more than ₹25,000 crore.
Business Standard
22-05-2025
- Business
- Business Standard
Ramco Systems reports consolidated net profit of Rs 5.31 crore in the March 2025 quarter
Sales rise 18.34% to Rs 155.26 crore Net profit of Ramco Systems reported to Rs 5.31 crore in the quarter ended March 2025 as against net loss of Rs 23.01 crore during the previous quarter ended March 2024. Sales rose 18.34% to Rs 155.26 crore in the quarter ended March 2025 as against Rs 131.20 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 34.25 crore in the year ended March 2025 as against net loss of Rs 241.93 crore during the previous year ended March 2024. Sales rose 12.46% to Rs 591.34 crore in the year ended March 2025 as against Rs 525.83 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 155.26131.20 18 591.34525.83 12 OPM % 26.741.61 - 12.79-29.37 - PBDT 42.911.84 2232 76.31-156.51 LP PBT 7.42-20.90 LP -26.46-243.73 89 NP 5.31-23.01 LP -34.25-241.93 86
