One Point One Solutions In Focus As FPIs Buy Stake Via Preferential Issue

On Friday, October 27, the stock of One Point One Solutions Limited was hovering around Rs 58.14 which is a substantial 30% increase over the 52 week low of Rs 44.65. Its 52 week high has been Rs 77.50 and considering its market cap of Rs 1,478 crore, the company achieves impressive Return on Equity (ROE) and Return on Capital Employed (ROCE) ratios of 22% each. Over three years, this stock has delivered multibagger returns increasing over 457% from Rs 10.43 to Rs 58.14 per share.

In a calculated strategy, One Point One Solutions converted 17,85,714 preferentially allotted warrants into equity shares and sold them to OVATA Equity Strategies Master Fund, a non-promoter and non-associated entity. Newly created warrants were executed on 5th September 2024, and their total value after conversion was found to be Rs 7.49 crore and the company's total share capital stood at Rs 51.45 crore. The warrants which have been issued but not taken advantage of, the 18-month deadline are now no longer available to be exercised.

The company also entered into a strategic alliance with Everest Fleet which is among the most dominant players in Fleet Management business in India. This partnership enhances One Point One Solutions' position in the Travel & Fleet Management vertical and addresses the needs of Everest Fleet, especially in the area of driver recruitment.

The partnership aimed at expounding efforts on intelligent and eco-friendly transport services is strengthened by Everest Fleet, with its clean energy fleet of more than 18500 vehicles dispersed in key cities.

One Point One Solutions was impressive in Q2 FY25 as revenue surged 56.68% over the previous fiscal year, rising from Rs 39.88 crore to 62.48 crore. Meanwhile, profit after tax (PAT) rose from the previous year's Rs 5.93 crore to Rs 8.38 crore, a 41.32 % increase. Revenue of the Firm during H1FY25 increased by 63.51% to Rs 123.63 billion which was accompanied with PAT increasing by 82.74% to Rs 15.99 billion over the preceding year.

One Point One Solutions was a strong player in BPO and KPO with a track record of serving the banking, finance, retail and health back office solution markets for 20 years. The integration of ITCube Solutions Pvt. Ltd into this company broadened its coverage, moving from servicing just India to now India, USA and UK with centers in Pune and Ohio.

Under the leadership of Akshay Chhabra who is the Founder-Chairman, the Firm has more than 5,600 professionals servicing over 50 clients and employs GenAI as well as intelligent automation among other services to devise better solutions.

Recent achievements of the company, like the equity infusion, strategic partnership and good financial performance further show that the company values growth and innovation to remain competitive in the solutions and outsourcing industry.