One Point One Solutions Reports 3-Fold Increase in Q3 Net Profit Due to Improved Margins

One Point One Solutions, a Business Process Management company, has seen a substantial increase in its December quarter net profit, reporting a three-fold increase at ₹6 crore, compared to ₹2 crore in the same period last year. The company also experienced an 18% increase in income at ₹42 crore, up from ₹36 crore, due to better margins. The EBITDA nearly doubled to ₹15 crore from ₹8 crore, with an EBITDA margin of 36% compared to 23% in the same period last year.

During the quarter, One Point One Solutions brought on board two new-age clients, Tata ONDC and VLCC, and is expecting a higher volume of work from these clients in the near future. The company also has plans to sign additional contracts by the end of the fiscal year. These new additions have solidified the company’s position in the Business Process Management industry and have contributed to its growth.

The company attributes its success to strategic initiatives in account-based marketing and robust digital marketing campaigns, which has expanded its brand visibility and engagement in the US market.

Akshay Chhabra, the Managing Director of One Point One Solutions, expressed that the company’s efforts to re-orient its business portfolio towards the banking, financial services, and insurance sector, and to become an IT services company at an optimal cost, are delivering positive results. He also mentioned that the company has raised a substantial amount for overseas expansion and plans to achieve good growth in the next three years through inorganic growth and acquisitions.

It is clear that One Point One Solutions is on a trajectory of growth and expansion, with a focus on becoming a full-fledged IT services company with an integrated BPM solution in the near future. The company’s financial results and strategic plans indicate a promising outlook for the future.