One Point One Solutions Shines in Q2&H1FY24 - Records Stellar Financial Growth and Operational Success
One Point One Solutions' exceptional financial performance in Q2&H1FY24. With substantial growth in Total Income, EBITDA, and Net Profit, the company showcases resilience and strategic excellence. Explore operational highlights, client onboarding successes, and key financial metrics. Hear from Mr. Akshay Chhabra, the Managing Director, on the company's peak performance and optimistic outlook. Learn about the international expansion to the USA, Australia, and the UAE, leveraging Account-Based Marketing programs for enhanced market traction.
Mumbai, November 10, 2023 - One Point One Solutions, a leader in next-generation Business Process Management (BPM) services, has unveiled its outstanding financial performance for the Quarter and Half Year ended September 30, 2023. The company has reported significant growth in Total Income, EBITDA, and Net Profit, showcasing its resilience and strategic prowess.
Financial Highlights - Q2FY24:
- Total Income: ₹41.01 crore, marking a substantial 17.45% growth compared to Q2FY23.
- EBITDA: ₹14.83 crore, exhibiting an impressive 71.49% growth from the same quarter last year.
- PAT: ₹5.93 crore, soaring by 3.1 times from Q2FY23.
Operational Highlights - Q2FY24:
- Successfully onboarding new-age clients such as Tata Digital, anticipating increased volume from this client.
- Notable business ramp-up with clients Razorpay and Jubilant FoodWorks Ltd.
- Continuous client acquisition with processes expected to go live in Q3FY24.
- A 5% improvement in average seat realization compared to the previous quarter.
- Strengthened the sales team by appointing two experienced leaders in the BPO industry.
- Raised Rs.106.20 Crore during the quarter through the issuance of warrants.
Financial Highlights - H1FY24:
- Total Income: ₹79.75 crore, recording a robust 13.97% growth compared to H1FY23.
- EBITDA: ₹26.15 crore, demonstrating a commendable 51.31% growth from H1FY23.
- PAT: ₹8.75 crore, surging by 2.37 times compared to H1FY23.
Mr. Akshay Chhabra, Managing Director, expressed his delight, stating, "Delighted to declare peak performance during the quarter, acting as a catalyst to maintain the pace for the entire year. We are pleased with the positive movement we have witnessed in the market and are confident in our ability to navigate this journey, moving our sales funnel towards a robust and qualified prospect base."
International Expansion and Market Traction: One Point One Solutions has expanded its footprint to the USA, Australia, and the UAE. The company's strategic initiatives in Account-Based Marketing (ABM) programs and robust digital marketing campaigns have resulted in a notable surge in market traction, amplifying brand visibility and engagement.
About One Point One Solutions Ltd.: One Point One Solutions, a leading player in next-generation BPM, was incorporated in 2006. With over 5,000 employees across 5 service centers, the company offers technology, accounting, skill development, and analytical solutions to various industries. Notable clients include SBI Cards, Godrej Appliance, Kotak Mahindra, ICICI Bank, Razorpay, Airtel, CRED, SBI Life, and Jubilant FoodWorks. The company has expanded globally, with a wholly-owned subsidiary in the USA and plans for further international destinations.
For more information, visit One Point One Solutions Ltd.
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