Ramco Systems hit an upper circuit of 5% at Rs 515.20 after the company announced that it will implement its flagship aviation software Ramco Aviation M&E MRO Suite V5.8 for a leading helicopter OEM, to digitally transform its global MRO operations.
Ramco Systems will implement its unified enterprise application containing modules for Engineering, Maintenance, Supply Chain, Safety Compliance, MRO & Part Sales and Mobility for Warehouse and Mechanics.
Ramco Aviation Suite will enable high productivity and automation of MRO operations by moving away from manual recording of data and enabling access to real-time information. The application will ensure high efficiency with its next generation capabilities like straight through processing, mobility, hub-based architecture and secured technology. The system also enables Task card digitization with electronic signature capability to achieve paperless operations with dual authentication. The announcement was made during market hours today, 13 October 2020.
Ramco Systems is an enterprise software, offering cloud and mobile-based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation.
The IT firm's consolidated net profit surged 380.7% to Rs 14.18 crore on a 4% increase in net sales to Rs 145.25 crore in Q1 June 2020 over Q1 June 2019.
The stock has zoomed 64.65% in the past one month outperforming the Nifty IT index's 15.48% rise in the same period.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU