One Point One Solutions share price gained over a percent on Thursday after the full-stack solutions provider reported its Q3 results. One Point One Solutions is a smallcap multibagger stock and rose as much as 1.10% to ₹51.99 apiece on the BSE.
One Point One Solutions reported a net profit of ₹8.43 crore in the third quarter of FY25, recording a growth of 41.21% from ₹5.97 crore in the corresponding quarter of the last fiscal year.
The company’s total income in Q3FY25 grew 67.18% to ₹70.40 crore from ₹42.11 crore, year-on-year (YoY).
At the operational level, Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) during the quarter ended December 2024 increased 36.01% to ₹20.51 crore from ₹15.08 crore, YoY. EBITDA margin decreased substantially to 29.13% from 35.81% YoY.
One Point One Solutions said it is exploring potential acquisition in the USA, Latin America and the European region and has signed a non-binding term sheet with three potential target companies.
The company has also onboarded three new clients to its portfolio during the quarter and has secured a major contract with one of the leading banks in the country.
“This growth is primarily driven by our global outsourcing initiatives, which includes the signing of a term sheet to acquire a US-based healthcare company for $45 million and a non-binding term sheet to acquire an India-based Business Process Consulting & Management (BPCM) for ₹261 crore. These initiatives align with our broader strategy for potential acquisitions in the USA, Latin America, and Europe, where we’ve signed non-binding term sheets with three potential target companies,” said Akshay Chhabra, Chairman & Managing Director, One Point One Solutions.
One Point One Solutions share price has fallen 20% in the past three months, and nearly 18% in one year. However, the smallcap stock has delivered multibagger returns of 270% in three years, and more than 1000% in five years.
At 2:00 PM, One Point One Solutions shares were trading 0.25% lower at ₹51.29 apiece on the NSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election…
Even as the debate rages in the country about whether India should build its own…
Around eight shares hit upper-circuit on Bombay Stock Exchange (BSE) despite both the benchmarks ended…
Share prices of Sun Pharmaceutical Industries Ltd., Tata Steel Ltd., Bajaj Finserv Ltd., Bajaj Finance…
NEW DELHI : International Finance Corporation (IFC), the private sector arm of the World Bank,…
The rupee settled almost flat with a gain of just 3 paise at 86.92 (provisional)…