Can you help me to understand how the company gets revenue from the customers?
As per my understanding, each customer will pay a fixed amount or variable amount (in case of payroll if employees number varies) every month or Quarter once Ramco’s software setup in their system.
As the company is increasing its customers, revenue should increase. But, it’s not been the case. Revenues are almost constant around 110cr from last many quarters.
Is it because the company is taking many years to setup their software and revenues from new customers yet to come? or their existing customers are too many and new customers are just a fraction of existing customers?
Disclosure: Not Invested