29, February, 2024
HomeBusinessOne Point One Solutions Unveils Impressive Q3 Results: 18.5% Sales Surge and Strategic Client Additions

One Point One Solutions Unveils Impressive Q3 Results: 18.5% Sales Surge and Strategic Client Additions

Published on

One Point One Solutions, a leading provider of next-generation BPM services, has disclosed its financial performance for the quarter and nine months ending December 31, 2023, showcasing significant growth and strategic developments.

Read Also | Tata Elxsi’s Robust Q3FY24 Performance Showcases Strong Growth and Industry Impact

Key Financial Highlights:

  • The total income surged by 18.5%, reaching Rs 42.11 Crore in Q3FY24 compared to Rs 35.54 Crore in the same quarter last fiscal year.
  • EBITDA witnessed a remarkable 84.5% climb, reaching Rs 15.08 Crore in Q3FY24 from Rs 8.18 Crore in Q3FY23, with an improved EBITDA margin of 35.8%.
  • Net profit experienced an impressive growth of 2.8 times, soaring to Rs 5.97 Crore in Q3FY24 from Rs 2.14 Crore in Q3FY23.
  • Earnings per share (EPS) saw a substantial increase of 162.8%, reaching Rs 0.30 per share in Q3FY24 from Rs 0.11 per share in Q3FY23.

Client Acquisitions and Future Outlook: One Point One Solutions welcomed Tata ONDC and VLCC as new clients during the quarter, with expectations of higher volumes in the future. The company is currently finalizing additional contracts, anticipating their closure in Q4FY24.

Statement from Akshay Chhabra, Managing Director: Akshay Chhabra expressed delight in the company’s overall profitability growth, attributing it to strategic efforts in re-orienting the business portfolio towards the BFSI sector. He emphasized the company’s evolution into an IT services provider, integrating BPM services for optimal offerings and efficient service delivery at an optimal cost.

Read Also | TV Star Darsh Mody Embraces a New Chapter: Set to Wed Celebrity Makeup Artist Kriti Chhabra in a Grand Rajasthan Celebration

Future Growth Plans: Chhabra announced the successful raising of a substantial amount of funds for overseas expansion and inorganic growth. The company envisions emerging as a full-fledged IT services provider, integrating BPM solutions after completing successful acquisitions through an inorganic route in the next three years.

Latest articles

WhatsApp Unveils Handy Pop-Out Chat Feature for Windows Beta

WhatsApp is set to revolutionize user experience with the introduction of a new pop-out...

Not-So-Neighborly Hollywood Stars: Tales of Trespassing and Turmoil

Living next to a Hollywood celebrity might sound like a dream, but for some...

Global Recognition: ‘Drishyam’ Franchise Set for Hollywood Remake After Korean Success

The Drishyam franchise, celebrated for its triumph in India and China, is poised for...

More like this

Bumble Initiates Restructuring, Announces Workforce Reduction

Bumble, the popular dating app, has disclosed plans to terminate approximately 30% of its...

Dailyhunt Nearing Acquisition of Indian Social Network Koo

Dailyhunt is reportedly in the final stages of discussions to acquire Koo, a Bengaluru-based...

Expedia Announces 1,500 Jobs Layout Amid Shifting Travel Landscape

Expedia Group is set to trim its global workforce by 9%, amounting to approximately...
Enable Notifications OK