Ramco Systems Q1 revenue down 3% at $18.6 million

Ramco Systems, the software firm from Chennai’s Ramco Group, reported a consolidated revenue of $18.3 million for the quarter ended June 2026 down 3 per cent  from $18.9 million for the same quarter last year.

Profit after tax for the quarter stood at $0.06 million down as against $0.12 million.

Annual recurring revenue stood at $12.15 million while the unexecuted order book was at $152.3 million, the company said in an exchange filing.

The filing also read that the company has adopted the New Tax Regime effective from the Tax Year 2026·27 resulting in a tax impact of $0.22 million in the Profit and Loss Account and tax reversal Impact of $0.03 million in the other comprehensive income (OCI), during the current quarter.

The company also announced the appointment of Gayathri R as Chief Financial Officer.

“We continue to make steady progress in our journey to become an AI-native company. AI is becoming an integral part of how we build, deliver, and enhance our products, helping us accelerate innovation, improve engineering productivity and create more intelligent enterprise applications. These efforts strengthen our competitive position and enable us to deliver greater value to customers while supporting sustainable long-term growth,” Abinav Raja, Managing Director, Ramco Systems, said.

“Customer interest in our solutions is strong, reflected in healthy pipeline growth and active engagement across our business lines. The acceleration of our recurring revenue is making performance more predictable and less dependent on the timing of new order wins. Geopolitical uncertainty has lengthened decision cycles in some regions, but with a solid opportunity base and disciplined execution, we expect improving momentum in the quarters ahead,” Sandesh Bilagi, CEO, Ramco Systems, said.

Shares of Ramco Systems on the NSE closed at ₹789.25 down 3.33 per cent or ₹27.20 on Thursday.