*Ramco Systems Ltd.* | *CMP* Rs. 448 | *M Cap* Rs. 1377 Cr | *52 W H/L* 785/409
(Nirmal Bang Retail Research)
Dollar revenue came at $ 19.2 mn vs QoQ $ 19.2 mn, YoY $ 21.6 mn
*Result is declining*
Revenue from Operations came at Rs. 140.7 Cr (0.2% QoQ, -12% YoY) vs QoQ Rs. 140.5 Cr, YoY Rs. 159.8 Cr
EBIDTA came at Rs. 5.1 Cr (-55.9% QoQ, -88.4% YoY) vs QoQ Rs. 11.6 Cr, YoY Rs. 43.8 Cr
EBITDA Margin came at 3.6% vs QoQ 8.2%, YoY 27.4%
Adj. PAT came at Rs. -12.9 Cr vs QoQ Rs. -8.9 Cr, YoY Rs. 16.7 Cr
Quarter EPS is Rs. -4.2
Share is trading at P/E of 13.7x FY23E EPS