Ramco Systems Q4 EBITDA Rises to Rs 450m; Net Profit Surges to Rs 251m YoY
Ramco Systems reported Q4 EBITDA of Rs 450m (vs Rs 416m YoY) with margin at 24.28% vs 26.8%, and net profit surging to Rs 251m from Rs 53m on revenue of Rs 1.8b vs Rs 1.55b. For FY26, global consolidated income reached USD 80.73m with EBITDA of USD 18.9m and margins improving to 24% from 14%, supported by 25% YoY growth in the Payroll business.

*this image is generated using AI for illustrative purposes only.
Ramco Systems announced its financial results for the fourth quarter and fiscal year ended March 31, 2026. The global enterprise software company reported a 13% year-on-year increase in revenue for FY26, driven primarily by the acceleration of recurring revenue.
Quarterly Financial Performance
For the quarter ended March 31, 2026, Ramco Systems delivered a strong year-on-year improvement across key financial metrics. Revenue grew to Rs 1.8b from Rs 1.55b in the same period last year, while net profit surged to Rs 251m from Rs 53m. EBITDA for the quarter rose to Rs 450m compared to Rs 416m in the corresponding quarter of the previous year, though the EBITDA margin moderated to 24.28% from 26.8% year-on-year. Global consolidated income for the quarter stood at USD 20.54m (Rs 1,862.68m), with net profit after tax at USD 2.84m (Rs 251.71m).
The following table summarises the key quarterly and full-year financial metrics:
| Metric: | Q4 FY26 | Q4 FY25 | FY 2025-26 |
|---|---|---|---|
| Revenue | Rs 1.8b | Rs 1.55b | USD 80.73m (Rs 7,082.00m) |
| Net Profit After Tax | Rs 251m | Rs 53m | USD 4.77m (Rs 418.40m) |
| EBITDA | Rs 450m | Rs 416m | USD 18.9m |
| EBITDA Margin | 24.28% | 26.8% | 24% |
| Global Consolidated Income | USD 20.54m (Rs 1,862.68m) | — | USD 80.73m (Rs 7,082.00m) |
Full-Year Financial Highlights
For the full fiscal year, global consolidated income reached USD 80.73m (Rs 7,082.00m), with net profit after tax of USD 4.77m (Rs 418.40m). The company reported an EBITDA of USD 18.9m for the year, with margins improving to 24% from 14% in the previous year. Order bookings for the period stood at USD 51.7m, while the cash balance was reported at USD 13.3m.
Strategic Developments
During the year, Ramco Systems launched Chia, an enterprise-grade conversational AI agent platform designed to automate complex customer interactions. The company also achieved Workday Global Payroll Connect certification for its Ramco Payce solution. Additionally, Ramco Systems signed a memorandum of understanding with ST Engineering to co-create next-generation, AI-led aviation MRO solutions.
Management Commentary
Abinav Raja, Managing Director, emphasized the company's focus on becoming an AI-native organization to drive the next phase of growth. Sandesh Bilagi, President & COO, noted that while near-term moderation is expected in the Aviation business due to geopolitical factors, the core financial performance remains resilient. He highlighted that the Payroll business witnessed 25% year-on-year revenue growth and will serve as a key growth engine.
Historical Stock Returns for Ramco Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.05% | +27.10% | +12.22% | -20.23% | +9.99% | -12.28% |
How might escalating geopolitical tensions impact Ramco Systems' Aviation MRO business revenue trajectory over the next two to three quarters?
Can the Payroll business's 25% revenue growth momentum be sustained as a standalone growth engine if Aviation headwinds persist longer than anticipated?
How will the Chia AI agent platform be monetized, and what is its potential contribution to recurring revenue streams in FY27?


































