Ramco Systems net rises 66.67% on higher sales

Ramco Systems Ltd. has reported a 66.67% growth in its standalone net profit for the first quarter ended June 2019 to ₹15 crore on higher revenue. Revenue from operations grew to ₹83 crore from ₹74 crore. Expenditure stood at ₹68 crore (₹56 crore). In the quarter, the firm allotted 5,472 equity shares of ₹10 each under the employees stock option scheme. Accordingly, its paid up capital rose to ₹30.63 crore from ₹30.62 crore.

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