Multibagger penny stock under Rs 70: This micro-cap company reports stellar quarterly results & nine-month results; PAT zooms 179.5 per cent

Multibagger penny stock under Rs 70: This micro-cap company reports stellar quarterly results & nine-month results; PAT zooms 179.5 per cent

Kiran Shroff

From Rs 14.90 per share to Rs 63 per share, the stock gave multibagger returns of over 300 per cent in just 11 months.

One Point One Solutions Ltd, leader in next-generation BPM services, has declared its financial results for the Quarter and Nine months ended December 31, 2023. Here are the details:

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, registered 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.

9MFY24 - Financial Highlights

  • Total Income was at Rs 121.86 crore, as compared to Rs 105.52 crore in 9MFY23, registered a growth of 15.5 per cent.
  • EBITDA was at Rs 41.23 crore, as compared to Rs 25.46 crore in 9MFY23, registered a growth of 62 per cent.
  • EBITDA Margin was at 33.8 per cent, increased from 24.1 per cent in 9MFY23.
  • Net Profit was at Rs 14.72 crore, as compared to Rs 5.84 crore in 9MFY23, grown by 2.5 times.
  • EPS was at Rs 0.75 per share, as compared to Rs 0.31 per share in 9MFY23, a growth of 141.6 per cent.

During the quarter, the company welcomed two new modern-age clients, namely Tata ONDC and VLCC, anticipating increased volume from them in upcoming periods. Additionally, several contracts are in the pipeline, with expectations to finalize them in Q4FY24. The recent addition of leaders in the previous quarter has bolstered our position within the rapidly evolving BPM industry.

In terms of the US business update, our enhanced brand visibility and engagement in the US market have been driven by ongoing strategic initiatives in Account-Based Marketing (ABM) programs, robust digital marketing campaigns, and the utilization of our dedicated sales teams' extensive network.

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Today, as the stock market was down, shares of One Point One Solutions Ltd also plunged 2.85 per cent to Rs 63 per share from its previous closing of Rs 64.85 per share with an intraday high of Rs 68 and an intraday low of Rs 62.50. The stock’s 52-week high is Rs 69.96 while its 52-week low is Rs 14.90.

One Point One Solutions Ltd. streamlines businesses through diverse services like customer care, finance, sales, marketing, and IT, empowering clients like Baroda AMC, Jaquar, Edelweiss Tokio Life, and Tata SME to maximize efficiency and results.  

From Rs 14.90 per share to Rs 63 per share, the stock gave multibagger returns of over 300 per cent in just 11 months. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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