Chennai, Feb 9 (IANS) Enterprise software company Ramco Systems Ltd has decided to train its focus on the airlines sector, including the Chinese airlines, which is now seeing money due to fall in fuel prices, said a senior company official.
The company has launched niche enterprise resource planning (ERP) solution for the logistics sector as last mile delivery forms the crucial part for the sector, CEO Virender Aggarwal told reporters here.
“The fall in fuel prices has affected the helicopter business whereas the passenger airline sector is doing well. We will be focussing on the regional airlines,” he said.
Presently, the company is majorly focussed on the helicopter players for its aviation software.
The fall in oil prices has affected the helicopter business as choppers are mainly employed in off-shore oil business.
While a couple of airlines use the company’s aviation solution, Aggarwal said the challenge will be to convince the players who generally go in for a better-known brand.
Meanwhile the company closed the third quarter with a total income of Rs.117 crore and a net profit of Rs.11.7 crore. For the corresponding period of the previous year the company had posted a total revenue of Rs.98.16 crore and a net profit of Rs.8 crore.
Aggarwal said the company is now debt free and is profitable for the past seven quarters.
He said the revenue was impacted due to the fluctuation in the exchange rates while the company derives only around 18 percent of its total revenues from the US.
Ramco Systems has acquired 18.93 percent stake in a city based cloud startup and also a channel partner SmartMegh with operations in India, ASEAN and Middle East.
According to Aggarwal, the company’s order book position is around $80 million and a sizeable portion of that is for the HR solutions.