One Point One Solutions In Focus On Announcement of Securing New Client

One Point One Solutions Limited, announces a significant client win within the Energy and Utility industry. This partnership is with one of India's largest and most renowned integrated power companies.

The company said in an exchange filing that, "The esteemed company, a key component of India's largest conglomerate, operates as an Indian electric utility and electricity generation entity based in Mumbai, India. The company has been a pioneer in technology adoption, with many firsts to its credit, supporting the country's energy independence. With a distinction of being among the top private players in each sector of the value chain including solar rooftop and value-added services, the brand is credited with steering the energy sector on technology, process and platform. The brand has now over a century of expertise in technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives committed to 'lighting up lives' for generations to come".

On Wednesday, the shares of One Point One Solutions closed at Rs 70.40, 9.30 per cent up from the previous trading's session. The 52 week high and low of the share is Rs 70.85 and Rs 20.35 respectively.

Recently, has announced plans to issue 3,75,94,502 equity shares and 1,67,85,714 equity warrants at Rs 56 each, aiming to raise up to INR 3,04,52,92,072. The issuance is subject to shareholder and regulatory approvals, with an Extraordinary General Meeting scheduled for July 18 to seek approval. The announcement follows their best-ever operational performance results for Q4 and FY24 ending March 31, 2024. Quarterly revenues surged 37.62% year-on-year to Rs. 53.29 Crores, accompanied by a 33.19% increase in EBITDA to Rs. 15.53 Crores. Profit after tax (PAT) showed substantial growth, rising 125.76% to Rs. 6.66 Crores.

Earlier, For the fiscal year, revenues grew by 21.44% to Rs. 175.16 Crores, with EBITDA increasing by 52.95% to Rs. 56.76 Crores. PAT saw a notable surge of 143.5% to Rs. 21.38 Crores, resulting in an earnings per share (EPS) of Rs. 1.06.

One Point One Solutions is a full-stack player in BPO, KPO, IT Services, Technology & Transformation and Analytics. The company was incorporated in the year 2006 and offers comprehensive solutions in technology, accounting, skill development and analysis. In 2024, the company acquired a major stake in ITCube Solutions Pvt Ltd., which is an IT + BPM/KPO services company headquartered in Pune and Cincinnati, Ohio. ITCube Solutions with over two decades of experience, serves clients across sectors and has a robust presence in the USA, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore, and Australia.

The company serves a broad spectrum of industries including Telecom & Broadcasting, Retail and E-commerce, Consumer Durables & FMCG, Banking and Finance, Travel & Hospitality, Insurance & Healthcare and has 6 service centers located across Navi Mumbai, Gurgaon, Chennai, Bangalore, Indore and Pune with 5,600+ seats on per shift basis, allowing to cater to a significant volume of clients.