One Point One Solutions Q3 Results: Sales Up 18.5% YoY; Details Here

The financial results for the quarter and nine months ending December 31, 2023, have been released by One Point One Solutions, a pioneer in next-generation BPM services.

The total income increased by 18.5% to Rs 42.11 Cr in the quarter under review compared to Rs 35.54 crore in Q3FY23.

EBITDA climbed by 84.5% to Rs 15.08 crore in Q3FY24 from Rs 8.18 crore in Q3FY23. Meanwhile, EBITDA margin improved to 35.8% in the third quarter of the current fiscal year from 23% in Q3FY23.
According to the firm, its net profit grew by 2.8 times to Rs 5.97 crore in Q3FY24 from Rs 2.14 crore in Q3FY23.

EPS increased by 162.8% to Rs 0.30 per share from Rs 0.11 per share in Q3FY23.

Tata ONDC and VLCC are two new clients the company added during the quarter, and they are expected to bring in higher volume in the future. A couple of additional contracts are in the works, and the company anticipates closing them in Q4FY24.

Akshay Chhabra, Managing Director, One Point One Solutions said, "We are delighted to declare good growth rates in our overall profitability of the company. This is on account of our continuous efforts to re-orient our business portfolio towards BFSI and now to become an IT services company where in our BPM services are well integrated as an optimal offerings for our clients for better delivery of services at optimal cost."

"We are proud to have raised sizable amount of funds for deploying in to our overseas expansion besides pursuing our in-organic growth so as to deliver good growth rates in the next three years. We would emerge as a full-fledged IT services company with an integrated BPM solutions offered, after our successful completion of acquisitions through in organic route," he further added.