One Point One Solutions reports Rs 5.97 crore consolidated PAT in Q3 FY24

One Point One Solutions, a provider of conversational AI tools for customers, has reported a consolidated Profit After Tax (PAT) of Rs 5.97 crore in the December quarter. This is a jump of around 179 per cent on a Year-on-Year (YoY) basis. The company had reported a consolidated PAT of Rs 2.14 crore in the year-ago period.
 
The revenue for the quarter rose 18.5 per cent to Rs 42.11 crore from Rs 35.54 a year ago, the company said in an exchange filing.

One Point One Solutions said that its EBITDA margin expanded by 1282 basis points on a year-on-year basis to 35.8 per cent for the December quarter.

Akshay Chhabra, Managing Director, One Point One Solutions, the overall profitability of the company is on account of our continuous efforts to re-orient our business portfolio towards BFSI.

"We are proud to have raised a sizable amount of funds for deploying into our overseas expansion besides pursuing our in-organic growth so as to deliver good growth rates in the next three years," Chhabra added.

Q3FY24 - Financial Highlights

- Total Income was at Rs 42.11 crore, as compared to Rs 35.54 crore in Q3FY23, registered a growth of 18.5 per cent.

- EBITDA was at Rs 15.08 crore, as compared to Rs 8.18 crore in Q3FY23, registering a growth of 84.5 per cent.

- EBITDA Margin was at 35.8 per cent, increased from 23 per cent in Q3FY23.

- Net Profit was at Rs 5.97 crore, as compared to Rs 2.14 crore in Q3FY23, growing by 2.8 times.

- EPS was at Rs 0.30 per share, as compared to Rs 0.11 per share in Q3FY23, a growth of 162.8 per cent.