Corporate Feature     

Published: May 15, 2024
Updated: May 15, 2024

One Point One Solutions Ltd.

Reports solid Q4FY24 earnings, with record 37.62% revenue growth and best-ever operational performance

One Point One Solutions Ltd. (NSE: ONEPOINT) (1Point1), the country’s leading Business Process Management Solutions company, Announced Q4 FY24 results today for the period ending March 31st, 2024. For the quarter ended 31 March 2024, the revenues were reported at Rs. 53.29 crores, a growth of 37.62% YoY. EBITDA rose 33.19% YoY, from Rs. 11.66 crores (Q4FY23), to Rs. 15.53 crores (Q4FY24). PAT recorded a growth of 125.76% YoY, from Rs. 2.95 crores (Q4FY23) to Rs. 6.66 crores (Q4FY24).

For the year ended 31 March 2024, the revenue rose 21.44% YoY, from Rs. 144.23 crores (FY23), to Rs. Rs. 175.16 crores (FY24). EBITDA increased 52.95% YoY, from Rs. 37.11 crores (FY23) to Rs. 56.76 crores (FY24). PAT grew 143.5% YoY, to Rs. 21.38 crores (FY24), with EPS coming in at Rs. 1.06. Further, the company announced several business updates in the past quarter such as ITCube Pvt Ltd. Acquisition on 22nd Feb’24, Performance Management driven by gamification to drive productivity, Infusion of GenAI, RPA and Intelligent Automation to enhance operational efficiency and throughput, Additional of new accounts with better margin and existing account mining to broaden service offering.

Commenting on the Results, Mr. Akshay Chhabra, Managing Director said, “We are delighted to declare one of the best years in terms of numbers. Our efforts in doing business transformation using Gen AI and RPA is finally paying off. We have done our first acquisition this year to strengthen our base in the North America market. This will help us expand our American business at a better pace. IT cube also adds to our verticals in healthcare, F&A and IT software development thus making us a full stack player.

One Point One Solutions is a fullstack player in BPO, KPO, IT Services, Technology & Transformation and Analytics. The company was incorporated in the year 2006 and offers comprehensive solutions in technology, accounting, skill development and analysis. In 2024, the company acquired a major stake in ITCube Solutions Pvt Ltd., which is an IT +BPM/KPO services company; headquartered in Pune and Cincinnati, Ohio. ITCube is a leading provider of technology solutions specializing in intellectual property protection, AI-driven automation, and business process optimsation. With over two decades of experience, ITCube has a robust presence in the USA, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore & Australia serving clients across sectors.

July 15, 2024 - First Issue

Industry Review

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July 01-15, 2024

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