One Point One Solutions Ltd.
Financial Results – Q1FY23 Consolidated Results
Net Revenue, EBITDA, and PAT grow QoQ and YoY
Mumbai, August 03, 2022: One Point One Solutions, a leader in Business Process Management (BPM) services, has declared its financial results for Q1FY23 ended June 30, 2022.
(₹ in crore)
|
Particulars |
Q1FY23 |
Q1FY22 |
YoY (%) |
Q4FY22 |
QoQ (%) |
|
Revenue from Operations |
34.75 |
29.85 |
16.40 |
34.65 |
0.30 |
|
EBITDA |
8.33 |
5.48 |
52.10 |
8.04 |
3.50 |
|
EBITDA Margin (%) |
24.00 |
18.30 |
562 bps |
23.2 |
75 bps |
|
Net Profit |
1.79 |
(0.65) |
100.00 |
1.44 |
23.90 |
|
PAT Margin (%) |
5.20 |
(6.00) |
1114 bps |
4.16 |
98 bps |
Q1FY23 – Financial Highlights
·Revenue from operations was at ₹ 34.75 crores, up 0.3% QoQ and 16.42% YoY
·EBITDA was at ₹ 8.33 crore, up 3.5% QoQ and 52.1% YoY
·EBITDA Margin was at 24%, up 75 bps QoQ and 562 bps YoY
·Net Profit was at ₹ I .79 crore, up 24% QoQ and vs a loss of Rs I .8 cr in Q I FY22
·Net Profit Margin was at 5.2%, up 98 bps QoQ and vs (6.0)% in Q I FY22
Operational Highlights
• The current capacity utilization remains at 64% on one shift basis. Efforts are being made to take the capacity utilization to I 00% till the end of the current FY.
• 4 new processes went live in Q1FY23. 2 new clients have already signed contracts and their processes will go live in Q2FY23, thus we are hoping for a higher growth in revenue which will lead us one step closer to our year-end goal of full capacity utilization.
Commenting on the Results, Mr. Akshay Chhabra, Managing Director said,
“The growth was sustained quarter on quarter basis, driven by the new client additions along with expansion in business from existing customers. We have been able to improve margins by increasing efficiency and improved seat occupancy across locations.
This quarter also saw us entering into a strategic partnership with Bahwan Cybertek to tap into the USD 5 bn IT Services market in the MENA region. This partnership will add another major dimension for growth in our international business, and subsequent utilization of our capacities. The Company is continually expanding its portfolio of value-added products along with focusing on extending our customer and geographical reach. Parallelly, we are implementing strategic initiatives to focus on quality growth and improving profitability. Our marketing strategies are being redesigned to understand consumer preferences and behavior patterns, and are being aligned more closely with our portfolio. We work to improve the profitability of our clients and focus on delivering value and models to enable them to sustain long-term growth. We are targeting to grow at 30-40% CAGR for the next 3-5 years led by our efforts in the domestic as well as international markets. We thank our entire team for their constant efforts, sincerity, and enthusiasm. Also, I would like to thank our valued shareholders and all stakeholders, who have reposed faith in the Company and supported us.”
About the Company:
One Point One Solutions is a leading player in Business Process Management (BPM). The company was incorporated in the year 2006. The company offers technology, accounting, skill-development, and analytical solutions that help businesses build better capabilities and enable them to achieve seamless growth. The company serves a broad spectrum of industries like Telecom & Broadcasting, Retail and E-commerce, Consumer Durables & FMCG, Banking and Finance, Travel & Hospitality, and Insurance. The company has 5 service centers located across Navi Mumbai, Gurgaon, Chennai, Bangalore, and Indore with 5,500+ seats on a per shift basis. The company offers services like customer care, lead generation, content management, voice analytics, accounts payable and receivable, SME Management, predictive analytics, Chat bots, IVR, voice analytics, and E-mail management. Akshay Chhabra is the founder of 1Point1 Solutions Ltd., he focuses on technology-driven innovation to build efficiencies and surge ahead in the BPM space.
The company got listed in the year 2017. The company boasts of 40 leading clientele spread across sectors. Some of the leading clientele are SBI Cards, Godrej Appliance, Kotak Securities, ICICI Bank, Tata Motors Finance Ltd., Airtel, Adani, Go Air and Mahanagar Gas to name a few.
The company recently entered into a Strategic Partnership with Bahwan Cybertek to tap into the USD 5 bn IT Services market in the MENA Region.
Warm Regards,
Bosky Christopher
Account Director, Intellect PR
1206, 12TH Floor, Universal Majestic
P.L Lokhande Marg, Chembur (W)
Mumbai – 43
Mobile: 9820038229
