The shares of the world’s largest non-emergency integrated grievance provider gained up to 2 percent after the company received a work order to set up and operate a call center in the State of Madhya Pradesh worth Rs 4.75 crore.
With a market capitalization of Rs 70.11 crore, the shares of We Win Ltd were trading at Rs 68.15 per share, decreasing around 5.24 percent as compared to the previous closing of Rs 71.92 apiece.
According to the company filing, We Win Ltd has received a work order for the selection of a service provider to set up and operate a call center in the State of Madhya Pradesh from Electronics Development Corporation Limited, a government of Madhya Pradesh undertaking worth Rs 4.75 crore.
Furthermore, The maximum duration of the contract period shall be 4 (four) years from the date of the agreement. The initial contract shall be for 2 (two) years which shall be extendable, after review by MPSEDC, on the same terms and conditions for another two years.
Looking into We Win Ltd’s performance, revenue increased by 36 percent from Rs 12.26 crore in Q3 FY23 to Rs 16.71 crore in Q3 FY24. During the same period, net profit increased by 134 percent, from Rs 0.32 crore to Rs 0.75 crore.
In FY22, the firm produced around 98% of its revenue from service sales and 2% from other sources of income.
Airtel, Disney+, Hotstar, L&T, Dainik Bhaskar, Reliance Industries, Axis Bank, Big Flix, Honeywell, We360.ai, and Khetifresh are some of the noteworthy firm clients.
The company delivers Next Generation Citizen Experience, Contact Centre, and Digital Transformation services in eight major Indian states, as well as B2B third-party customer support in 20 languages to over 100 Indian enterprises.
We Win Limited is a digital transformation service provider. It provides Customer Relationship Management Services, such as call centers and support centers. It offers a contact center, lead generation, e-commerce management, and artificial intelligence (AI) operations.
Written by:- Abhishek Singh
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