RAMCOSYS2024-07-012024-09-30 RAMCOSYS2024-07-012024-09-30 RAMCOSYS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member RAMCOSYS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member RAMCOSYS2024-09-30 RAMCOSYS2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member RAMCOSYS2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532370 RAMCOSYS NOTLISTED Ramco Systems Limited Equity 2024-04-01 2025-03-31 2024-11-08 2024-11-01 INR Millions Half yearly 17:30:00 18:35:00 2024-11-08 2024-11-08 true Cash Flow Indirect Not applicable Single segment Software Solutions and Services 2024-07-01 2024-09-30 Unaudited Consolidated 1425120000.00 9080000.00 1434200000.00 0.00 2460000.00 0.00 770890000.00 12430000.00 228520000.00 485730000.00 1500030000.00 -65830000.00 0.00 -65830000.00 14690000.00 15900000.00 30590000.00 0.00 -96420000.00 0.00 0.00 0.00 0.00 -96420000.00 -93710000.00 -190130000.00 -97390000.00 970000.00 -191100000.00 970000.00 371640000.00 10 -2.70 -2.70 0.00 0.00 -2.70 -2.70 Notes to the Consolidated Financial Results 1The above Consolidated Financial Results of Ramco Systems Limited, India the Company, its subsidiaries,together referred to as Group ) and its Associate were reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on November 08, 2024. The Consolidated Financial Results are prepared in accordance with the Ind AS as prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder. The Statutory Auditors have carried out a limited review of the Consolidated Financial Results of the Group for the half year ended September 30, 2024 and have issued an unmodified audit report. 2 Employee benefits expense includes cost reversal of cost towards the proportionate fair value of the stock options granted to various employees, amortised over the graded vesting period ESOP Cost, as below Particulars Current Year Previous Year Rs. Mln. USD Mln. Rs. Mln. USD Mln. Q2 31.24 0.38 45.54 0.55 Q1 31.50 0.38 50.54 0.62 3 Other expenses includes bad debts provision for doubtful debts advances as below Particulars Current Year Previous Year Rs. Mln. USD Mln. Rs. Mln. USD Mln. Q2 23.50 0.28 1,071.71 13.09 Q1 20.38 0.25 163.86 2.01 4 Other expenses also includes foreign exchange fluctuation loss/(gain) as below Particulars Current Year Previous Year Rs. Mln. USD Mln. Rs. Mln. USD Mln. Q2 (72.63) (0.88) 29.07 0.35 Q1 19.86 0.24 79.87 0.98 5 During the quarter, the Company had allotted 180,030 equity shares under the Employees Stock Option Schemes ( ESOS ) of the Company. Upon full exercise of the option to convert the warrants into equity shares under Preferential Issue 2022, by the Promoter Mr. P R Venketrama Raja, who is also the Chairman of the Company and upon receipt of the due consideration, 1,459,854 equity shares of Rs.10 each at an exercise price of Rs.274 including a premium of Rs.264 per share, were allotted on July 24, 2024. Further 43,256 equity shares of Rs. 10 each were allotted under ESOS to the employees on November 08, 2024. Accordingly, the paid up capital of the Company increased to Rs.372.07 Mln. USD 6.85 Mln. from Rs.371.64 Mln. USD 6.84 Mln. as at September 30, 2024. 6 The utilisation of the proceeds of Preferential Issue 2022 is given below: Rs. Mln. Particulars Amount Specified as per Previous Years Current Year Cummulative actuals Notice of Postal Ballot 2022-23 & 2023-24 2024-25 dated December 22, 2022 PROCEEDS: Proceeds received 1,300.00 300.00 1,600.00 UTILISATION: Repayment of borrowings (Range 920 to 1000) 950.00 975.00 - 975.00 Sales & marketing expenses 100.00 100.00 - 100.00 Capital expenditure towards tangible & intangible assets 200.00 200.00 - 200.00 General corporate purposes (Range 320 to 380) 350.00 25.00 - 25.00 Total 1,600.00 1,300.00 - 1,300.00 Balance available as on September 30, (invested in Mutual fund and Fixed deposits) - - 300.00 7 Status of Borrowing: Particulars Current Year Previous Year Rs. Mln. USD Mln. Rs. Mln. USD Mln. Borrowing as at September, 30 - - 195.05 2.37 Borrowing as at June, 30 - - 80.00 0.98 8 The Group has only one operating segment viz., Software Solutions and Services. 9 Figures for the previous period(s) have been regrouped restated wherever necessary to make them comparable with the figures for the current period s. Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 2794930000.00 21820000.00 2816750000.00 0.00 2750000.00 0.00 1528660000.00 26710000.00 443870000.00 1063080000.00 3065070000.00 -248320000.00 0.00 -248320000.00 38350000.00 5310000.00 43660000.00 0.00 -291980000.00 0.00 0.00 0.00 0.00 -291980000.00 -93980000.00 -385960000.00 -293900000.00 1920000.00 -387880000.00 1920000.00 371640000.00 10 -8.14 -8.14 0.00 0.00 -8.14 -8.14 Other expenses 485730000.00 Other expenses 1063080000.00 38590000.00 684530000.00 0.00 0.00 0.00 3283800000.00 358910000.00 0.00 17130000.00 0.00 0.00 30000.00 55480000.00 55510000.00 270970000.00 35500000.00 4706350000.00 0.00 151820000.00 917470000.00 259690000.00 386430000.00 1180000.00 162850000.00 1879440000.00 199670000.00 323900000.00 2403010000.00 0.00 0.00 7109360000.00 371640000.00 2735490000.00 3107130000.00 3145720000.00 0.00 5770000.00 452480000.00 458250000.00 431610000.00 0.00 0.00 3760000.00 893620000.00 0.00 706730000.00 347050000.00 1053780000.00 1713310000.00 225240000.00 77690000.00 0.00 3070020000.00 0.00 0.00 3963640000.00 7109360000.00 1420000.00 0.00 77130000.00 0.00 0.00 0.00 0.00 0.00 0.00 -13680000.00 0.00 358570000.00 0.00 467500000.00 43880000.00 75690000.00 0.00 0.00 0.00 -61260000.00 0.00 0.00 62740000.00 0.00 0.00 -4430000.00 -94940000.00 0.00 0.00 912620000.00 664300000.00 0.00 0.00 0.00 -2590000.00 0.00 666890000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3520000.00 0.00 0.00 0.00 0.00 358910000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 68770000.00 0.00 0.00 0.00 0.00 0.00 1880000.00 0.00 -151820000.00 0.00 -574100000.00 0.00 0.00 8300000.00 300000000.00 0.00 0.00 0.00 0.00 110000000.00 110000000.00 0.00 99600000.00 0.00 1420000.00 0.00 770000.00 208050000.00 300840000.00 61260000.00 362100000.00 284020000.00 646120000.00 0.00 0.00 Effect of changein functional currency of foreign Operations -93710000.00 Effect of changein functional currency of foreign Operations -93980000.00 -93710000.00 -93980000.00 0.00 0.00