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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Ramco Systems Ltd

Ramco Systems Q2 FY27 Consolidated Revenue at USD 19.20m, EBITDA USD 2.87m

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 23 Oct 2026, 07:34 PM IST  ·  BSE ID: b8abcf78-6329-4d3a-87d6-52a6f135c633
View Original BSE Filing (PDF)
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In Simple Terms
Ramco Systems reported its second-quarter earnings, showing increased revenue and a rise in its uncompleted orders.
🤖 AI Summary
  • Ramco Systems posted Q2 FY27 consolidated revenue of USD 19.20m, representing a 4% quarter-on-quarter increase.
  • Global consolidated income for Q2 FY27 stood at USD 19.35m, with a net profit after tax of USD 0.03m.
  • EBITDA for the quarter maintained at USD 2.87m, and recurring revenue reached USD 12.09m.
  • Unexecuted order book increased to USD 161m, indicating new order closures during Q2 FY27.
  • Company won new customers in Middle East, Europe, and Southeast Asia, including Royal Jordanian Airlines.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Revenue (Q2 FY27)
USD 19.20m
4% QoQ
Global Consolidated Income (Q2 FY27)
USD 19.35m
Net Profit After Tax (Q2 FY27)
USD 0.03m
Recurring Revenue (Q2 FY27)
USD 12.09m
EBITDA (Q2 FY27)
USD 2.87m
Unexecuted Order Book (as on Sep 30, 2026)
USD 161m
Cash Balance (as on Sep 30, 2026)
USD 13.65m
🏢 How This Affects the Company
📈
Business Impact
The increase in the unexecuted order book to USD 161m and new customer acquisitions indicate growth in the business pipeline and market presence across Middle East, Europe, and Southeast Asia. Strategic collaborations like the MoU with Safran Helicopter Engines SAS could expand product integration capabilities.
💰
Financial Impact
Consolidated revenue of USD 19.20m for Q2 FY27 reflects a quarter-on-quarter increase. EBITDA at USD 2.87m and recurring revenue at USD 12.09m are key financial metrics. Net profit after tax stood at USD 0.03m, with a cash balance of USD 13.65m.
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Operational Impact
Successful go-lives for payroll and aviation solutions, including Aurecon and Ornge, demonstrate execution capabilities. Investment in AI talent, product, and sales, alongside a focus on AI-native solutions, points towards future operational shifts.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this press release.
👤
Who Is Affected
All shareholders are indirectly affected by the company's financial performance and business developments, including growth in revenue and order book.
🔍
Management Signal
Management is focusing on strengthening execution, improving organizational effectiveness, and transitioning its portfolio to AI-native solutions for sustainable long-term growth.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — monitor sustained revenue growth and net profit.
Updates on new customer wins — track future additions and their revenue contribution.
Progress on AI-native solutions — observe product development and market adoption.
MEDIUM RISK The low net profit after tax of USD 0.03m, despite revenue growth, warrants monitoring.
💡 Investor Takeaway
Ramco Systems reported Q2 FY27 consolidated revenue of USD 19.20m, up 4% QoQ from USD 18.38m in Q1 FY27. The unexecuted order book increased to USD 161m, reflecting new order closures. Net profit after tax stood at USD 0.03m.
⚖️ Strengths & Concerns

✅ Positives

  • Q2 FY27 consolidated revenue increased to USD 19.20m, a 4% quarter-on-quarter growth from USD 18.38m in Q1 FY27.
  • Unexecuted Order Book rose to USD 161m as of September 30, 2026, up from USD 152.26m as of June 30, 2026.

⚠️ Concerns

  • Net profit after tax for Q2 FY27 was USD 0.03m, indicating a minimal consolidated profit despite revenue growth.
  • Revenue from new customers accounted for 1% in Q2 FY27, a decrease from 5% in Q4 FY26 and 4% in Q3 FY26.
📅 Company Track Record
In Q1 FY27, Ramco Systems reported global consolidated income of USD 18.61m, with consolidated net profit of Rs. 5.62 Min. The company's Q2 FY27 standalone net loss was Rs. 127.25 Min, with revenue at Rs. 872.03 Min, as per a previous filing on October 23, 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Ramco Systems' consolidated revenue in Q2 FY27?
Ramco Systems' consolidated revenue for Q2 FY27 stood at USD 19.20m, marking a 4% increase quarter-on-quarter.
What was the net profit after tax for Ramco Systems in Q2 FY27?
The net profit after tax for Ramco Systems in Q2 FY27 was USD 0.03m on a global consolidated basis.
What was Ramco Systems' EBITDA in Q2 FY27?
Ramco Systems maintained its EBITDA at USD 2.87m for the second quarter of financial year 2026-27.
How much did Ramco Systems' unexecuted order book increase in Q2 FY27?
Ramco Systems' unexecuted order book increased to USD 161m as of September 30, 2026, reflecting good order closures.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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