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One Point One Solutions Ltd.

BSE: 535039 Sector: IT
NSE: ONEPOINT ISIN Code: INE840Y01011
BSE 05:30 | 01 Jan One Point One Solutions Ltd
NSE 00:00 | 06 Jul 12.90 0.15
(1.18%)
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One Point One Solutions Ltd. (ONEPOINT) - Chairman Speech

Company chairman speech

Dear Shareholder

On behalf of the Board of Directors of One Point One Solutions Limited it gives megreat pleasure to share with you an update on the overall performance of One Point OneSolutions Limited during the financial year 2017-18. Technology and business servicesacross the world are moving to digital transformation which is shaping the Indian IT-BPMindustry in a huge way. This paradigm shift is causing disruptive innovation in servicedelivery models opening doors for many more players. Organizations in India are investingheavily in capability development and technology to march on this digital transformationjourney and reap the benefits. India remains world’s most preferred location byglobal MNCs for setting up technology businesses and fostering strong partnerships inniche areas. Digital technology will continue to remain a significant contributor to theindustry’s revenues.

The Consolidated revenue from operations have increased from Rs.9582.87 lakh toRs.12098.47 lakh an increase of Rs.2515.60 lakh (26.25%) over the previous financialyear. The consolidated Profit after tax have increased from Rs. 654.77 lakh to Rs.944.04lakh an increase of Rs. 289.25 lakh (44.18%) over the previous financial year.

The Standalone revenue from operations have increased from Rs. 9050.37 lakh toRs.11562.26 lakh an increase of Rs.2511.89 lakh (27.75%) over the previous financialyear. The Standalone Profit after tax (PAT) have increased from Rs. 492.81 lakh to Rs.810.68 lakh an increase of Rs. 317.87 lakh (64.50%) over the previous financial year.That is why we are confident that the improvements we are making throughout our businesswill allow us to further improve our profitability in years to come.

Given all the factors discussed above our best judgment is that financial year 2018-19will be a very good year for the One Point One Solutions Limited unless a substantialadverse event intercedes. The quality values and experienced professionalism of ourassociates give us great confidence that the Human Connections with all our clients willdeliver excellent results in the future.

Finally I would like to thank our Associates Banks Government AuthoritiesCustomers Vendors and all our shareholders for the trust and confidence reposed in theCompany. We will continuously seek and strive to do good act better and do what is bestfor us and society at large.

Mr. AKSHAY CHHABRA

Chairman and Managing Director