The shares of top providers in technology-enabled business process management (BPM) services rose by 10% following a significant new client win with India’s largest integrated power company in the Energy and Utility sector.
On Wednesday, One Point One Solutions Limited shares closed at ₹70.50 per share, up 9.46 percent from the previous close price on the exchange. The company has a market capitalization of ₹1,509 crores.
What’s news:
One Point One Solutions Limited has announced a significant new client win in the Energy and Utility sector, as per the company’s recent exchange filing. The partnership is with one of India’s largest and most renowned integrated power companies.
This esteemed company, a crucial part of India’s largest conglomerate, operates as an electric utility and electricity generation entity based in Mumbai, India.
To meet the growing demand for their advanced offerings, this leading E&U company has selected One Point One Solutions to manage various back-office services related to revenue collection and customer support.
The services include data collection, handling customer calls and emails, onboarding new customers, and other process support. The partnership aims to streamline these operations while maintaining exceptional customer service.
About the company: One Point One Solutions Ltd specializes in the business of Customer Life cycle management, Business Process Management, and Technology Servicing.
The services provided by the Co include Customer Care, Accounts Payable & Receivable, Lead Generation, Facial Verification, IVR Solutions, Email Management, Predictive Business Analytics, Online Chat Services, Content Management, MICR Document Conversion, SMS Management, and Voice Analytics.
The Company provides solutions to a wide variety of industries including Banking and Finance, Telecom, Insurance, Consumer Durables and FMCG, Ecommerce, Retail, etc.The clients of the Company include Baroda AMC, Jaquar, Edelweiss Tokio Life Insurance, Tata SME, etc.
Financials: The company’s revenue has increased by 47 percent year on year, from ₹35.68 crore in Q4FY23 to ₹52.36 crore in Q4FY24. During the same period, Net profit increased by 125 percent from ₹2.95 crore to ₹6.66 crore.
One Point One Solutions Ltd shares have gained 30 percent in the last six months and 220 percent in a year.
As per the latest shareholding pattern, The Foreign Institutional Investor holds 2.02 percent of the company, the promoter holds 67.79 percent stake and the retail investor holds 29.51% stake.
Written by Omkar Chitnis
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