One Point One Solutions Delivers Stellar Q3FY24 Financial Results, Emerging as a Market Leader in BPM Services

In a significant announcement, One Point One Solutions, a trailblazer in next-generation Business Process Management (BPM) services, has disclosed robust financial results for the quarter and nine months ending December 31, 2023. The company showcases remarkable growth across crucial performance indicators, underlining its position as a market leader.

Financial Triumphs - Q3FY24:

• Total Income: One Point One Solutions reported a total income of ₹42.11 crore, marking an impressive 18.5% Year-over-Year (YoY) growth compared to ₹35.54 crore in Q3FY23.
• EBITDA Soars: EBITDA witnessed a remarkable surge to ₹15.08 crore, depicting an outstanding 84.5% increase from ₹8.18 crore in Q3FY23.
• Margin Improvement: The EBITDA margin surged to 35.8%, a substantial increase from 23% in Q3FY23.
• Net Profit Milestone: Net profit reached ₹5.97 crore, showcasing a remarkable 179.5% YoY growth.
• EPS Growth: Earnings per share (EPS) stood at ₹0.30, reflecting a notable 162.8% growth from Q3FY23.

Financial Highlights - 9M FY24:

• Total Income Growth: The company registered solid growth in total income, reaching ₹121.86 crore, representing a 15.5% YoY increase.
• EBITDA Momentum: EBITDA stood at ₹41.23 crore, a commendable 62% increase from ₹25.46 crore in 9M FY23.
• Margin Expansion: The EBITDA margin increased to 33.8%, up from 24.1% in 9M FY23.
• Net Profit Success: Net profit achieved an impressive growth to ₹14.72 crore, a 152.3% YoY increase.
• EPS Surge: Earnings per share (EPS) reached ₹0.75, showcasing a noteworthy 141.6% growth from 9M FY23.

Operational Highlights:

1. Client Expansion: One Point One Solutions onboarded two significant clients, Tata ONDC and VLCC, during the quarter, with expectations of increased volumes.
2. Pipeline Growth: The company continues to manage a robust pipeline of contracts, anticipating several closures in Q4FY24.
3. Leadership Reinforcement: Recent additions to the leadership team have further solidified the company's position in the dynamic BPM industry.
4. U.S. Business Update: Strategic initiatives in Account-Based Marketing (ABM) programs and robust digital marketing campaigns have successfully enhanced brand visibility and engagement in the U.S. market.

Akshay Chhabra, Managing Director of One Point One Solutions, expressed delight at the company's overall profitability growth. He stated, "Our continuous efforts to reorient towards BFSI and evolve into an integrated IT services company have yielded exceptional results. Raising substantial funds for overseas expansion and pursuing inorganic growth positions us for sustained success over the next three years. We are poised to emerge as a full-fledged IT services company with integrated BPM solutions."

About One Point One Solutions: Established in 2006, One Point One Solutions stands as a key player in next-generation BPM, empowering digital transformation across diverse industries. Offering technology, accounting, skill development, and analytical solutions, the company serves sectors such as Telecom & Broadcasting, Retail, E-commerce, Banking, Finance, and more. With 5 service centers across India boasting over 5,000 seats, Founder Akshay Chhabra focuses on technology-driven innovation for efficiency in the BPM space.

Listed in 2017, One Point One Solutions has expanded globally, with subsidiaries in the USA and Singapore. Identified as a leading BPO service provider, the company continues to serve 45 leading clients across sectors.

For more information, visit www.onepointonesolutions.com.