​Ramco Systems rallies 20% on strong Q3 results

MUMBAI: Shares of Ramco Systems surged nearly 20 per cent in early trade on the back of strong results for quarter ended December 2014.

The company’s consolidated net profit increased to Rs 8.10 crore in October-December quarter from Rs 3.21 crore in previous quarter.

Net sales in the quarter increased to Rs 95.92 crore as compared to Rs 86.72 crore in last quarter.

According to the management, its multi-agent based planning and optimization engine has gained market interest. Its partner strategy has begun to bear result. Nearly 35 per cent of projects in HCM implemented by partners.

At 10:15 a.m.; the stock was at Rs 551, up 18.96 per cent, on the BSE. It touched a high of Rs 555.80 and a low of Rs 501 in trade today.