The Information Technology (IT) sector in India is a crucial component of the country’s economy, significantly contributing to its GDP and employment. The sector includes a range of companies involved in software development, IT services, consulting, and business process outsourcing (BPO).
Moreover, the US Federal Reserve announced a 50 basis point cut in interest rates, reducing the target range to 4.75-5 percent.
This marks the first rate cut since 2020 and is aimed at addressing slowing economic growth and easing inflation in the US. The implications of this decision are significant for the Indian IT sector, which is heavily reliant on demand from US clients.
Listed below is one such IT stock in which institutional investors have increased their stake upto 10.33% in Q2FY25:
One Point One Solutions Ltd
With a market capitalization of Rs. 1,533 crores, the shares of this smallcap IT company started Friday’s trading session on a flatter note at Rs. 72.50 compared to its previous close of Rs. 72.11
During the trading session, the shares hit a low of Rs. 70.70, losing around 1 percent and closed the day at Rs. 71.76 apiece.
Looking at the company’s financial statements, the revenue increased by around 17 percent from Rs. 52.36 crores during the March quarter to Rs. 61.15 crores in the June quarter. In addition, the net profits zoomed by 14 percent from Rs. 6.66 crores to Rs. 7.60 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue zoomed by 71 percent from Rs. 35.73 crores during Q1FY24 to Rs. 61.15 crores in Q1FY25. On the other hand, the net profits magnified by 169 percent from Rs. 2.83 crores to Rs. 7.60 crores during the same period.
According to recent data, the FIIs boosted their stake by 10.33 percent, rising from 5.13 percent in the June quarter to 15.46 percent during the September quarter. Meanwhile, Domestic Institutional Investors (DIIs) also increased their stake by 0.82 percent, rising from 0.60 percent in Q2FY24 to 1.42 percent.
In terms of key financial metrics, the company reported a return on equity of 16.34 percent and a return on capital employed of 18.63 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 14.03 percent during the same timeframe.
One Point One Solutions Ltd has a diverse customer base that spans various industries, including telecommunications, banking, financial services, insurance (BFSI), travel, manufacturing, and e-commerce.
Some of the notable clients include Bharti Airtel, Videocon d2h, Baroda Pioneer Asset Management, LIC Mutual Fund Asset Management, Dish Infra Services, and Shop CJ Network.
Recently, the company secured a significant contract with a prominent publicly listed Swedish company. This partnership marks a major milestone for One Point One Solutions as it expands its global footprint and solidifies its position as a trusted provider of cutting-edge technology solutions.
Additionally, the company also secured a significant contract with a prominent telehealth company headquartered in Atlanta, USA to strengthen its presence in the healthcare vertical and capitalise on the immense growth potential in this sector.
Under this contract, One Point One Solutions will partner with the telehealth company to provide contact centre solutions and data verification services.
Moreover, this collaboration will enable One Point One Solutions to further strengthen its portfolio under the healthcare vertical, positioning the company for success in upcoming industry summits like the Mass Tort event in Las Vegas.
One Point One Solutions Ltd specializes in Customer Lifecycle Management, Business Process Management, and Technology Services. It provides comprehensive solutions across B2B, B2C, digital business, and marketplace verticals.
Written By Vaibhav Patil
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