Ramco Systems posts Rs 0.56 cr profit at 2.32% operating margin
Other income supported a Rs 3.45 cr pre-tax profit, while an 83.71% tax rate left only Rs 0.56 cr as consolidated net profit.
Filed 23 Jul 2026, 19:33 IST · after market close · RAMCOSYS (RAMCOSYS)
Key takeaways
- Consolidated operating profit of Rs 25.45 cr was reduced to profit before tax of Rs 3.45 cr after Rs 23.24 cr of depreciation and Rs 0.96 cr of interest.
- An 83.71% tax rate left consolidated net profit at Rs 0.56 cr and EPS at Rs 0.16.
- Other income of Rs 2.19 cr was material against profit before tax of Rs 3.45 cr, making reported profit quality worth watching.
Operating profit did not translate into meaningful earnings
Ramco Systems generated Rs 25.45 cr of consolidated operating profit on revenue of Rs 172.77 cr, but depreciation of Rs 23.24 cr and interest of Rs 0.96 cr reduced profit before tax to Rs 3.45 cr. Tax of Rs 2.89 cr then left net profit at Rs 0.56 cr, with EPS at Rs 0.16.
Depreciation and tax dominated profit quality
Depreciation of Rs 23.24 cr absorbed nearly all of the Rs 25.45 cr operating profit before the interest charge. The 83.71% tax rate further compressed the Rs 3.45 cr pre-tax profit. Other income of Rs 2.19 cr was material relative to pre-tax profit, so net profit offers a limited read-through on operating performance alone.
Results were filed after market close
The company filed its consolidated Q1FY27 results at 19:33 IST on 23 July 2026, after market close. The filing therefore came outside regular trading hours, with the immediate stock reaction yet to be established.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹173 cr |
| Other income | ₹2 cr |
| Expenses | ₹147 cr |
| Operating profit | ₹25 cr |
| Operating margin (%) | 14.73% |
| Interest | ₹1 cr |
| Depreciation | ₹23 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹3 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.16 |
What to watch
- Whether depreciation remains near Rs 23.24 cr against operating profit of Rs 25.45 cr.
- Whether the tax rate moves below 83.71%.
- Whether other income remains material relative to profit before tax of Rs 3.45 cr.