RAMCOSYS2023-07-012023-09-30 RAMCOSYS2023-07-012023-09-30 RAMCOSYS2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member RAMCOSYS2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member RAMCOSYS2023-09-30 RAMCOSYS2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member RAMCOSYS2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532370 RAMCOSYS NOTLISTED Ramco Systems Limited Equity 2023-04-01 2024-03-31 2023-10-30 2023-10-23 INR Millions Half yearly 16:10:00 17:15:00 2023-10-30 2023-10-30 true Cash Flow Indirect Not applicable Single segment Software Solutions and Services 2023-07-01 2023-09-30 Unaudited Standalone 572860000.00 3200000.00 576060000.00 0.00 4920000.00 0.00 444280000.00 13660000.00 196600000.00 566150000.00 1225610000.00 -649550000.00 0.00 -649550000.00 280000.00 -33710000.00 -33430000.00 0.00 -616120000.00 0.00 0.00 0.00 0.00 -616120000.00 -1350000.00 -617470000.00 -617470000.00 0.00 353900000.00 10 -17.47 -17.47 0.00 0.00 -17.47 -17.47 1.The above Standalone Financial Results of the Company were reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on October 30 2023. The Standalone Financial Results are prepared in accordance with the IndAS as prescribed under Section 133 of the Companies Act 2013 read with the relevant rules issued thereunder. 2.Employee benefits expense includes cost reversal of towards the proportionate fair value of the stock options granted to various employees amortised over the graded vesting period ESOP Cost for Q2 Rs.45.54 Mln. USD 38.65 3.Other expenses includes bad debts provision for doubtful debts and advances for Q2 Rs.239.34 Mln. The Company performed a comprehensive strategic review of all its business units considering various factors such as project viability aging the decision to exit unprofitable solutions customer descoping and country specific risks. Following this assessment the Group decided to allocate a onetime provision of USD 15.10 Mln. globally for Trade Receivables and Unbilled Revenue. Out of this Rs. 239.34 Mln. On standalone basis was set aside for the quarter after factoring in the earlier provision of Rs. 54.16 Mln. made in Q1. The Company will continue to evaluate provisioning needs using the Expected Credit Loss method in accordance with the established policy while taking into account existing provisions. 4.Other expenses also includes foreign exchange fluctuation loss gain for Q2 Rs.1.80 Mln. 5.Other expenses also includes a provision of Rs.81.94 Mln. for customer obligations. Previous periods Nil 6.During the quarter the Company had allotted 64153 equity shares under the Employees Stock Option Schemes of the Company. Accordingly the paid up capital of the Company increased to Rs.353.39 Mln. from Rs.352.75 Mln. as at June 30 2023. 7.The utilisation of the proceeds of Preferential Issue 2022 and Details of Borrowing and details about the Wage Code and segment reporting and regrouping notes can be referred in the PDF results filed with Stock Exchanges Single segment 2023-04-01 2023-09-30 Unaudited Standalone 1225210000.00 6850000.00 1232060000.00 0.00 5940000.00 0.00 910480000.00 27740000.00 394860000.00 872360000.00 2211380000.00 -979320000.00 0.00 -979320000.00 590000.00 -51430000.00 -50840000.00 0.00 -928480000.00 0.00 0.00 0.00 0.00 -928480000.00 -2380000.00 -930860000.00 -930860000.00 0.00 353390000.00 10 -26.33 -26.33 0.00 0.00 -26.33 -26.33 Other Expenses 566150000.00 Other Expenses 872360000.00 646540000.00 0.00 0.00 0.00 3113520000.00 417380000.00 0.00 3925930000.00 0.00 0.00 0.00 63970000.00 63970000.00 148610000.00 39440000.00 8355390000.00 0.00 31210000.00 700490000.00 75360000.00 5860000.00 20600000.00 149220000.00 982740000.00 80000000.00 277860000.00 1340600000.00 0.00 0.00 9695990000.00 353390000.00 7380600000.00 7733990000.00 7733990000.00 0.00 32850000.00 460170000.00 493020000.00 85930000.00 0.00 0.00 10000000.00 588950000.00 195050000.00 346870000.00 204910000.00 746830000.00 603450000.00 18710000.00 4060000.00 0.00 1373050000.00 0.00 0.00 1962000000.00 9695990000.00 4090000.00 0.00 281620000.00 0.00 0.00 0.00 0.00 0.00 0.00 -121900000.00 0.00 20210000.00 0.00 418490000.00 375440000.00 8310000.00 0.00 0.00 0.00 41890000.00 0.00 0.00 96080000.00 0.00 0.00 0.00 -3490000.00 -1710000.00 0.00 1119030000.00 139710000.00 0.00 0.00 0.00 10000.00 0.00 139700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1900000.00 0.00 0.00 0.00 0.00 417380000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 73930000.00 0.00 108270000.00 0.00 0.00 0.00 1900000.00 0.00 69100000.00 0.00 -310140000.00 0.00 0.00 7430000.00 0.00 0.00 0.00 0.00 0.00 492210000.00 677160000.00 0.00 65370000.00 0.00 4090000.00 0.00 1590000.00 -245390000.00 -415830000.00 -41890000.00 -457720000.00 538940000.00 81220000.00 0.00 0.00 Effect of change in the functional currency of foreign operations -1350000.00 Effect of change in the functional currency of foreign operations -2380000.00 -1350000.00 -2380000.00 0.00 0.00