One Point One Solutions Ltd - Q3FY24 Financial Results

One Point One Solutions, leader in next-generation BPM services, has declared its financial results for the Quarter and Nine months ended December 31, 2023.

Q3FY24 - Financial Highlights

- Total Income was at ₹ 42.11 crore, as compared to ₹ 35.54 crore in Q3FY23, registered a growth of 18.5%

- EBITDA was at ₹ 15.08 crore, as compared to ₹ 8.18 crore in Q3FY23, registered a growth of 84.5%

- EBITDA Margin was at 35.8%, increased from 23% in Q3FY23

- Net Profit was at ₹ 5.97 crore, as compared to ₹ 2.14 crore in Q3FY23, grown by 2.8 times

- EPS was at ₹ 0.30 per share, as compared to ₹ 0.11 per share in Q3FY23, growth of 162.8%

9M FY24 - Financial Highlights

- Total Income was at ₹ 121.86 crore, as compared to ₹ 105.52 crore in 9M FY23, registered a growth of 15.5%

- EBITDA was at ₹ 41.23 crore, as compared to ₹ 25.46 crore in 9M FY23, registered a growth of 62%

- EBITDA Margin was at 33.8%, increased from 24.1% in 9M FY23

- Net Profit was at ₹ 14.72 crore, as compared to ₹ 5.84 crore in 9M FY23, grown by 2.5 times,

- EPS was at ₹ 0.75 per share, as compared to ₹ 0.31 per share in 9M FY23, growth of 141.6%

Operational Highlights

- During the quarter the company has added two new age client, viz. Tata ONDC and VLCC, and are expecting a higher volume from the clients in future period.

- There are few more contracts are under pipeline and the company is expecting to close the same in Q4FY24.

- The new additions of leaders made in previous quarter has helped us achieve stronger position in the rapidly evolving BPM Industry.

- US Business Update: Driven by continuous strategic initiatives in Account-Based Marketing (ABM) programs, robust digital marketing campaigns, and leveraging the expansive network of our dedicated sales teams we have effectively amplified our brand visibility and engagement in US Market.

Quote from the Management

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."

Source : Equity Bulls

Keywords

OnePointOneSolutions Q3FY24 9MFY24 ResultUpdate