Ramco Systems Ltd
NSE:RAMCOSYS
Income Statement
Earnings Waterfall
Ramco Systems Ltd
Revenue
|
5.2B
INR
|
Cost of Revenue
|
-28.9m
INR
|
Gross Profit
|
5.2B
INR
|
Operating Expenses
|
-7.9B
INR
|
Operating Income
|
-2.7B
INR
|
Other Expenses
|
59.9m
INR
|
Net Income
|
-2.6B
INR
|
Income Statement
Ramco Systems Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 590
N/A
|
2 631
+2%
|
2 806
+7%
|
3 044
+8%
|
3 327
+9%
|
3 605
+8%
|
3 858
+7%
|
4 045
+5%
|
4 218
+4%
|
4 410
+5%
|
4 485
+2%
|
4 554
+2%
|
4 551
0%
|
4 492
-1%
|
4 499
+0%
|
4 526
+1%
|
4 650
+3%
|
4 692
+1%
|
4 845
+3%
|
5 008
+3%
|
5 193
+4%
|
5 421
+4%
|
5 562
+3%
|
5 740
+3%
|
5 775
+1%
|
5 689
-1%
|
5 745
+1%
|
5 850
+2%
|
6 093
+4%
|
6 263
+3%
|
6 215
-1%
|
6 024
-3%
|
5 571
-8%
|
5 311
-5%
|
5 106
-4%
|
4 885
-4%
|
4 899
+0%
|
4 922
+0%
|
5 118
+4%
|
5 201
+2%
|
5 208
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(25)
|
(38)
|
(34)
|
(37)
|
(30)
|
(34)
|
(9)
|
(7)
|
(9)
|
(37)
|
(25)
|
(27)
|
(25)
|
(68)
|
(38)
|
(34)
|
(33)
|
(330)
|
(13)
|
(30)
|
(30)
|
(338)
|
(22)
|
(7)
|
(11)
|
(354)
|
(8)
|
(11)
|
(15)
|
(399)
|
(61)
|
(57)
|
(52)
|
(443)
|
(9)
|
(15)
|
(14)
|
(524)
|
(21)
|
(20)
|
(29)
|
|
Gross Profit |
2 564
N/A
|
2 593
+1%
|
2 772
+7%
|
3 007
+8%
|
3 297
+10%
|
3 571
+8%
|
3 849
+8%
|
4 039
+5%
|
4 209
+4%
|
4 372
+4%
|
4 460
+2%
|
4 528
+2%
|
4 526
0%
|
4 424
-2%
|
4 460
+1%
|
4 492
+1%
|
4 616
+3%
|
4 362
-6%
|
4 832
+11%
|
4 978
+3%
|
5 162
+4%
|
5 084
-2%
|
5 540
+9%
|
5 733
+3%
|
5 764
+1%
|
5 335
-7%
|
5 737
+8%
|
5 840
+2%
|
6 078
+4%
|
5 864
-4%
|
6 154
+5%
|
5 967
-3%
|
5 519
-8%
|
4 868
-12%
|
5 097
+5%
|
4 870
-4%
|
4 885
+0%
|
4 399
-10%
|
5 097
+16%
|
5 181
+2%
|
5 180
0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 858)
|
(2 797)
|
(2 888)
|
(2 974)
|
(3 127)
|
(3 305)
|
(3 564)
|
(3 739)
|
(3 890)
|
(4 095)
|
(4 163)
|
(4 285)
|
(4 424)
|
(4 704)
|
(4 914)
|
(4 779)
|
(4 752)
|
(4 121)
|
(4 382)
|
(4 676)
|
(4 835)
|
(4 673)
|
(5 106)
|
(5 172)
|
(5 156)
|
(5 034)
|
(5 204)
|
(5 188)
|
(5 225)
|
(4 923)
|
(5 555)
|
(5 747)
|
(5 952)
|
(5 622)
|
(6 289)
|
(6 575)
|
(6 825)
|
(6 519)
|
(7 152)
|
(8 079)
|
(7 884)
|
|
Selling, General & Administrative |
(1 348)
|
(2 465)
|
(1 380)
|
(1 438)
|
(1 529)
|
(2 840)
|
(1 737)
|
(1 807)
|
(1 868)
|
(3 613)
|
(1 996)
|
(2 008)
|
(2 063)
|
(4 205)
|
(2 567)
|
(2 918)
|
(3 385)
|
(3 598)
|
(3 879)
|
(4 171)
|
(4 327)
|
(4 115)
|
(4 556)
|
(4 587)
|
(4 532)
|
(4 302)
|
(4 529)
|
(4 504)
|
(4 539)
|
(4 170)
|
(4 851)
|
(5 027)
|
(5 214)
|
(4 766)
|
(4 835)
|
(4 379)
|
(3 954)
|
(5 617)
|
(3 628)
|
(4 651)
|
(4 530)
|
|
Depreciation & Amortization |
(426)
|
(377)
|
(393)
|
(412)
|
(428)
|
(449)
|
(453)
|
(454)
|
(458)
|
(462)
|
(467)
|
(471)
|
(475)
|
(479)
|
(483)
|
(490)
|
(496)
|
(503)
|
(502)
|
(506)
|
(508)
|
(511)
|
(550)
|
(584)
|
(624)
|
(665)
|
(674)
|
(684)
|
(686)
|
(692)
|
(704)
|
(720)
|
(738)
|
(749)
|
(760)
|
(774)
|
(792)
|
(801)
|
(832)
|
(843)
|
(848)
|
|
Other Operating Expenses |
(1 084)
|
44
|
(1 115)
|
(1 124)
|
(1 170)
|
(16)
|
(1 375)
|
(1 479)
|
(1 564)
|
(20)
|
(1 701)
|
(1 806)
|
(1 886)
|
(20)
|
(1 865)
|
(1 371)
|
(871)
|
(20)
|
0
|
0
|
0
|
(47)
|
0
|
0
|
0
|
(67)
|
0
|
0
|
0
|
(61)
|
0
|
0
|
0
|
(107)
|
(694)
|
(1 422)
|
(2 079)
|
(101)
|
(2 692)
|
(2 585)
|
(2 506)
|
|
Operating Income |
(293)
N/A
|
(204)
+30%
|
(116)
+43%
|
33
N/A
|
170
+410%
|
266
+57%
|
285
+7%
|
300
+5%
|
319
+6%
|
278
-13%
|
296
+7%
|
243
-18%
|
102
-58%
|
(280)
N/A
|
(454)
-62%
|
(286)
+37%
|
(136)
+53%
|
241
N/A
|
450
+87%
|
302
-33%
|
328
+8%
|
411
+25%
|
434
+6%
|
561
+29%
|
607
+8%
|
301
-50%
|
534
+77%
|
652
+22%
|
854
+31%
|
941
+10%
|
599
-36%
|
220
-63%
|
(433)
N/A
|
(754)
-74%
|
(1 192)
-58%
|
(1 705)
-43%
|
(1 940)
-14%
|
(2 121)
-9%
|
(2 054)
+3%
|
(2 899)
-41%
|
(2 705)
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(100)
|
(61)
|
(127)
|
(132)
|
(128)
|
(155)
|
(119)
|
(88)
|
(61)
|
40
|
9
|
3
|
1
|
(65)
|
4
|
(53)
|
(108)
|
59
|
(68)
|
46
|
(34)
|
(8)
|
(101)
|
(203)
|
(166)
|
37
|
(87)
|
(83)
|
(43)
|
77
|
85
|
75
|
110
|
13
|
16
|
50
|
44
|
(84)
|
(137)
|
(158)
|
(99)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
(11)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
Total Other Income |
94
|
47
|
84
|
65
|
65
|
43
|
42
|
40
|
22
|
11
|
17
|
25
|
28
|
42
|
118
|
125
|
143
|
45
|
93
|
106
|
100
|
22
|
25
|
14
|
16
|
(1)
|
103
|
134
|
141
|
61
|
54
|
41
|
29
|
12
|
(0)
|
(28)
|
(31)
|
(1)
|
5
|
12
|
6
|
|
Pre-Tax Income |
(300)
N/A
|
(229)
+24%
|
(160)
+30%
|
(34)
+79%
|
107
N/A
|
151
+41%
|
208
+38%
|
252
+21%
|
280
+11%
|
327
+17%
|
322
-1%
|
271
-16%
|
131
-52%
|
(305)
N/A
|
(333)
-9%
|
(214)
+36%
|
(101)
+53%
|
343
N/A
|
476
+39%
|
454
-4%
|
394
-13%
|
424
+8%
|
359
-15%
|
372
+4%
|
457
+23%
|
337
-26%
|
550
+63%
|
703
+28%
|
952
+35%
|
1 079
+13%
|
738
-32%
|
335
-55%
|
(295)
N/A
|
(733)
-149%
|
(1 176)
-60%
|
(1 683)
-43%
|
(1 928)
-15%
|
(2 207)
-14%
|
(2 186)
+1%
|
(3 044)
-39%
|
(2 798)
+8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
(8)
|
(13)
|
(14)
|
(19)
|
(25)
|
(23)
|
(40)
|
(68)
|
(89)
|
(105)
|
(125)
|
(35)
|
413
|
403
|
360
|
253
|
(227)
|
(262)
|
(265)
|
(271)
|
(255)
|
(228)
|
(207)
|
(204)
|
(228)
|
(328)
|
(387)
|
(514)
|
(512)
|
(400)
|
(294)
|
(96)
|
4
|
27
|
56
|
49
|
138
|
157
|
162
|
157
|
|
Income from Continuing Operations |
(299)
|
(238)
|
(173)
|
(47)
|
88
|
126
|
185
|
212
|
212
|
238
|
217
|
146
|
96
|
109
|
70
|
146
|
153
|
116
|
213
|
189
|
123
|
169
|
131
|
165
|
254
|
109
|
222
|
316
|
438
|
567
|
338
|
41
|
(390)
|
(729)
|
(1 149)
|
(1 627)
|
(1 879)
|
(2 069)
|
(2 029)
|
(2 883)
|
(2 641)
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(5)
|
(4)
|
(5)
|
(6)
|
(5)
|
(6)
|
(7)
|
(10)
|
(12)
|
(12)
|
(9)
|
(8)
|
(7)
|
(6)
|
(4)
|
(2)
|
1
|
3
|
0
|
0
|
(2)
|
(4)
|
|
Equity Earnings Affiliates |
0
|
1
|
1
|
1
|
1
|
2
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(299)
N/A
|
(238)
+21%
|
(173)
+27%
|
(48)
+72%
|
87
N/A
|
127
+45%
|
185
+46%
|
213
+15%
|
214
+0%
|
241
+13%
|
221
-8%
|
149
-32%
|
98
-34%
|
107
+8%
|
67
-37%
|
144
+115%
|
150
+4%
|
113
-24%
|
210
+86%
|
184
-12%
|
119
-35%
|
164
+38%
|
125
-24%
|
160
+28%
|
248
+55%
|
102
-59%
|
212
+108%
|
305
+44%
|
426
+40%
|
558
+31%
|
330
-41%
|
34
-90%
|
(396)
N/A
|
(734)
-85%
|
(1 151)
-57%
|
(1 626)
-41%
|
(1 877)
-15%
|
(2 068)
-10%
|
(2 029)
+2%
|
(2 884)
-42%
|
(2 645)
+8%
|
|
EPS (Diluted) |
-18.13
N/A
|
-14.39
+21%
|
-9.14
+36%
|
-2.1
+77%
|
3.9
N/A
|
5.27
+35%
|
6.44
+22%
|
7.15
+11%
|
7.15
N/A
|
7.9
+10%
|
7.12
-10%
|
4.99
-30%
|
3.29
-34%
|
3.54
+8%
|
2.2
-38%
|
6.67
+203%
|
4.91
-26%
|
3.7
-25%
|
6.89
+86%
|
6.04
-12%
|
3.9
-35%
|
5.36
+37%
|
4.1
-24%
|
5.24
+28%
|
8.1
+55%
|
3.32
-59%
|
6.91
+108%
|
9.95
+44%
|
13.9
+40%
|
18.22
+31%
|
10.75
-41%
|
1.13
-89%
|
-12.9
N/A
|
-23.89
-85%
|
-37.37
-56%
|
-52.78
-41%
|
-60.92
-15%
|
-65.6
-8%
|
-57.58
+12%
|
-81.79
-42%
|
-74.97
+8%
|