ScoutQuest23 Oct 2026
Ramco Systems532370Quarterly results

Ramco Systems Ltd press release, Q2 FY27

Ramco signed an MoU with Safran Helicopter Engines SAS and was named a Best Tech Brand 2026 by ET Edge.

By ScoutQuest · · 1 min read

56%−2 pp
Q1 FY2758%Q2 FY2756%
Gross margin: 58% (Q1 FY27) and 56% (Q2 FY27). A difference of 2 percentage points.
Gross margin
56% of revenue in Q2 FY27 from 58% in Q1 FY27
Net margin before capitalisation and amortisation
-1% of revenue in Q2 FY27, against 2% in Q1 FY27
R&D expenses
16% of revenue from 13%
Release
Results press release
Period
Q2 FY27

_Consolidated · Q2 FY27_

📊 CEO Sandesh Bilagi says Ramco Systems will continue to invest in AI talent, product and sales over the next two quarters, and expects this momentum to flow progressively into revenue.

📌 New customer wins in the quarter included Royal Jordanian Airlines, which selected Ramco Aviation Software, and CFS Aero, a UK-based aerospace engineering company, which chose Ramco for its engine and APU MRO operations, the company says.

📉 Gross margin fell to 56% of revenue in Q2 FY27 from 58% in Q1 FY27, and the net margin before capitalisation and amortisation was -1%, against 2% in Q1 FY27. R&D expenses rose to 16% of revenue from 13%.

📊 The company has discontinued order booking from its fact sheet, saying order booking is no longer a fully representative measure of business momentum, and will report recurring revenue as the key indicator.

📊 Net margin before capitalisation and amortisation was negative at -1% of revenue in Q2 FY27, against 2% in Q1 FY27.

More numbers
  • Gross margin, Q2 FY2756%
  • Gross margin, Q1 FY2758%
  • Net margin before capitalisation and amortisation, Q2 FY27-1%
  • Net margin before capitalisation and amortisation, Q1 FY272%
  • R&D expenses as % of revenue, Q2 FY2716%
  • R&D expenses as % of revenue, Q1 FY2713%
Source: BSE · 23 Oct 2026

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