IT Enabled Stock Reports Stellar Performance In Q2 After Beating 3 Yr Revenue CAGR

The financial results for the second quarter that ended on September 30, 2024, were released by One Point One Solutions, a pioneer in next-generation business process management (BPM) services. The company showed strong success across multiple key financial metrics.

According to the firm, its revenue increased by a significant 56.68% year on year to Rs 62.48 crore in Q2 FY25 from Rs 39.88 crore in Q2 FY24. While net profit rose to Rs 8.38 crore in Q2 FY25 from Rs 5.93 crore in Q2 FY24, representing a 41.32% year-on-year improvement, EBITDA jumped 25.22% from Rs 14.83 crore in Q2 FY24 to Rs 18.57 crore in Q2 FY25.

Full-stack solutions provider One Point One Solutions Ltd. offers BPO, KPO, IT services, technology & transformation, and analytics. Its reported yearly revenue spike of 21.44% exceeded its three-year compound annual growth rate of 17.0% as per ET Markets.

Commenting on the results, Mr. Akshay Chhabra, Managing Director said, "Our Q2 numbers have been robust with positive performance marked by an increase in our revenue by 56.68 percent and 41.32 percent in PAT as compared to Q2-FY24. This is mainly attributed to our successful new client wins in Europe and US spanning multiple industry verticals. In the financial year 2025-26, we anticipate operationalizing around 750 additional seats, which will contribute to our revenue growth of approximately 25%. We are also actively exploring opportunities with AI-focused companies to accelerate our digital transformation journey and enhance operational margins in the coming quarters. In alignment with our ongoing growth strategy, the received amount of Rs 220 crores will be deployed towards our growth & acquisitions that strengthen our global footprint."

Mr. Chhabra added, "In line with our international strategy, we have incorporated a 100% own subsidiary in the U.K which will add as our global acquisition vehicle, positioning us for seamless entry into the European market. We are also focusing on the South American market whereby our team is currently in active discussions with various companies for acquisitions including Colombia, Mexico, and Costa Rica. We have also on-boarded seasoned industry experts bringing in extensive global experience in driving growth across key markets, particularly in Europe and North America. Moving forward our focus remains on delivering exceptional value to our clients worldwide, leveraging both organic growth and strategic investments to drive our global vision forward."

Over the past 20 years, the company has proven that it can provide customers in a wide range of industries with complete solutions spanning technology, accounting, skill development, and analysis. One Point One Solutions has consolidated its IT, BPM, and KPO solutions after recently acquiring ITCube Solutions Pvt Limited. In addition to its current locations in Navi Mumbai, Gurgaon, Chennai, Bangalore, Indore, and Pune, the firm currently operates facilities in Cincinnati, Ohio, and Pune.

With the acquisition of ITCube Solutions, the company has already increased its footprint outside of the United States in England, the Netherlands, Germany, Kuwait, Oman, the United Arab Emirates, Qatar, India, Singapore, and Australia. One Point One USA Inc., the company's wholly-owned subsidiary in Delaware, the United States, represents its global debut.