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13-11-2024 11:14 AM | Source: PR Agency
One Point One Solutions reports robust financial performance in Q2 FY25

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One Point One Solutions, a leader in next-generation Business Process Management (BPM) services, has announced its financial results for the second quarter ending September 30, 2024, demonstrating robust performance across key financial indicators.

Consolidated for Q2 FY25     

Financial Highlights:   

* Revenue: Grew to Rs.62.48 crore in Q2 FY25 from  Rs.39.88 crore in Q2 FY24, marking a substantial 56.68% year-on-year increase.

* EBITDA: Increased 25.22% from  Rs.14.83 crore in Q2 FY24 to  Rs.18.57 crore in Q2 FY25

* PAT: Rose to Rs.8.38 crore in Q2 FY25 up from  Rs.5.93 crore in Q2 FY24, reflecting a 41.32% year-on-year growth

 

Business Highlights:

* Signed a non-binding term sheet to purchase 100% stake in a BPO firm in Latin America

* Secured a strategic client win with a pioneering medical device company based in Tampa, Florida, USA

* Secured a major contract with a leading publicly listed Swedish company with operations spanning Sweden, India, and the United States. This contract will include three major development projects in the overseas market

* One Point One Solutions Limited (OPOSL) subsidiary, ITCube Solutions won a prominent global client specialising in combatting brand threats through cutting-edge AI-driven tools

 

Management Comment:

Commenting on the results, Mr. Akshay Chhabra, Managing Director said, “Our Q2 numbers have been robust with positive performance marked by an increase in our revenue by 56.68 percent and 41.32 percent in PAT as compared to Q2-FY24. This is mainly attributed to our successful new client wins in Europe and US spanning multiple industry verticals. In the financial year 2025-26, we anticipate operationalizing around 750 additional seats, which will contribute to our revenue growth of approximately 25%. We are also actively exploring opportunities with AI-focused companies to accelerate our digital transformation journey and enhance operational margins in the coming quarters. In alignment with our ongoing growth strategy, the received amount of Rs 220 crores will be deployed towards our growth & acquisitions that strengthen our global footprint.”

Mr. Chhabra added, “In line with our international strategy, we have incorporated a 100% own subsidiary in the U.K which will add as our global acquisition vehicle, positioning us for seamless entry into the European market. We are also focusing on the South American market whereby our team is currently in active discussions with various companies for acquisitions including Colombia, Mexico, and Costa Rica. We have also on-boarded seasoned industry experts bringing in extensive global experience in driving growth across key markets, particularly in Europe and North America. Moving forward our focus remains on delivering exceptional value to our clients worldwide, leveraging both organic growth and strategic investments to drive our global vision forward.

 

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