Multibagger Stock Posts Two-Fold Jump In Q2 PAT, Revenue Soars 14%

In the BPO industry, One Point One Solutions is a small-cap business. The organisation can assist you in enhancing and streamlining your business operations with more than 40 distinct procedures. Delivering digital business solutions that are tailored to your unique requirements and objectives is the focus of One Point One Solutions. With over a decade of experience, it has demonstrated ingenuity in offering the widest variety of services available in the industry.

On a standalone basis, the company reported revenue from operations of Rs 39.88 Cr in Q2FY24 compared to Rs 34.91 Cr in Q2FY23, representing a YoY growth of 14.23% YoY.

The company reported a net income of Rs 41.01 Cr during the quarter under review as against Rs 34.91 Cr in the year-ago quarter. One Point One Solutions said its standalone net profit reached Rs 5.95 Cr up by 211.51% YoY from Rs 1.91 Cr in the same quarter of FY23.

The preferential issue of 3,44,00,000 convertible warrants at a price of Rs. 28.32 per warrant to the company's promoter or promoter group has recently been authorised by the Board of Directors of One Point One Solutions Ltd. An advance of Rs. 24.36 crore, or 25% of the warrant consideration amount, has been received by the firm.Convertible warrants were issued by One Point One Solutions Ltd., a well-known supplier of business process management (BPM) solutions, to raise Rs 97.42 crore.

One Point One Solutions' shares were trading 5% higher on Friday at Rs 38 apiece. The stock produced a multibagger return of 154% in a single year, and the shares have gained 137% year to date (YTD) in 2023.