One Point One Solutions Ltd. reported third quarter net profit rose 2.8 times to ₹5.97 crore as compared to ₹2.14 crore in the year-ago period.
Total revenue for the quarter grew to Rs 42.11 crore compared to Rs 35.54 crore a year earlier, a growth of 18.5%.
Akshay Chhabra, CEO, One Point One Solutions, said, “Our overall increase in profitability is due to our continued efforts to reorient our business portfolio towards BFSI and now to become an IT services company where our BPM services are well integrated. as an optimal offer for our clients for better service delivery at an optimal cost.”
“We are proud to have raised a considerable amount of funds to deploy in our overseas expansion, as well as continuing our inorganic growth to achieve good growth rates over the next three years,” he said.
“We will emerge as a full-fledged IT services company with an offering of integrated BPM solutions, after successfully completing the acquisitions through the organic route,” he added.