Rs 55 multibagger penny stock: This BPO company acquired 100 per cent stake in ITCube Solutions Private Limited – know more here!

From Rs 1.75 per share to Rs 54.85 per share, the stock gave multibagger returns of over 3,000 per cent in 3 years.

One Point One Solutions Limited, a leader in Business Process Management services, acquired a 100 per cent stake in IT Cube Solutions, an IT and BPM company. This acquisition helps One Point One Solutions expand its services in healthcare and IT. IT Cube Solutions is a profitable company with over 600 employees and serves clients worldwide.

The acquisition allows One Point One Solutions to increase its global presence, broaden its service offerings, and better serve clients in various industries. Both companies believe this collaboration will lead to new opportunities for innovation and growth.

The Indian IT industry is rapidly growing, making it an attractive location for companies to set up global centres. Additionally, the global healthcare BPM market is expected to experience significant growth in the coming years, driven by factors such as cost optimization and the increasing demand for digital solutions in healthcare.

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. The company is optimistic about its future growth, having recently welcomed prominent clients like Tata ONDC and VLCC and expecting to finalize several more contracts in the coming quarter. Additionally, strategic marketing initiatives and a dedicated sales team are driving increased brand visibility and engagement in the US market, solidifying the company's position within the evolving BPM industry.

The company's financial performance in Quarterly Results (Q3FY24) was impressive, with both income and profitability metrics demonstrating significant growth. Total income increased by 18.5 per cent to Rs 42.11 crore, EBITDA grew by 84.5 per cent to Rs 15.08 crore, and net profit surged by 2.8 times to Rs 5.97 crore. This strong performance was reflected in the EBITDA margin expanding to 35.8 per cent from 23 per cent and EPS jumping by 162.8 per cent to Rs 0.30 per share.

The company's financial performance for the first nine months of FY24 was strong, with all key metrics showing significant growth compared to the same period in FY23. Total income grew by 15.5 per cent to Rs 121.86 crore, EBITDA by 62 per cent to Rs 41.23 crore, EBITDA margin by 9.7 percentage points to 33.8 per cent, net profit by 152 per cent to Rs 14.72 crore, and EPS by 141.6 per cent to Rs 0.75 per share.

After rising nearly 300 per cent from its 52-week low of Rs 14.90 per share, shares of One Point One Solutions Limited are undergoing a correction and have hit the lower circuit for the second straight day. Today, shares of One Point One Solutions Limited plunged 5 per cent to Rs 54.85 per share from its previous closing of Rs 57.70. The 52-week high of the stock is Rs 70 and the 52-week low of Rs 14.90.

From Rs 1.75 per share to Rs 54.85 per share, the stock gave multibagger returns of over 3,000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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