One Global Service Provider Q2 Results 2024 on 23 Nov, 2024: profit rise by 227.98% YOY, profit at ₹2.27 crore and revenue at ₹19.41 crore
One Global Service Provider Q2 Results 2024 on 23 Nov, 2024: Revenue increased by 66.66% YoY & profit increased by 227.98% YoY, profit at ₹2.27 crore and revenue at ₹19.41 crore
One Global Service Provider Q2 Results 2024:One Global Service Provider declared their Q2 results on 23 Nov, 2024, showcasing a remarkable financial performance. The company's topline surged by 66.66% year-over-year, with profit skyrocketing by an impressive 227.98%. The profit for the quarter stood at ₹2.27 crore, while revenue reached ₹19.41 crore.
When compared to the previous quarter, One Global Service Provider experienced significant growth, with revenue growing by 43.17% and profit increasing by 28.92%. This consistent upward trajectory reflects the company's robust operational strategy and market positioning.
Despite the impressive results, the company's selling, general, and administrative expenses rose by 23.82% quarter-over-quarter and increased by 17.74% year-over-year, indicating higher operational costs that could impact future profitability.
The operating income for the quarter showed a notable increase as well, up by 28.94% quarter-over-quarter and a staggering 229.6% year-over-year, highlighting the company's strong revenue generation capabilities.
Earnings per share (EPS) for Q2 was reported at ₹3.19, which marked a 228.87% increase compared to the same period last year, further underscoring the company's strong financial health.
In terms of market performance, One Global Service Provider has delivered a remarkable return of 14.53% over the last week, 83.39% over the last six months, and an astounding 313.04% return year-to-date, indicating strong investor confidence.
Currently, One Global Service Provider boasts a market capitalization of ₹120.14 crore, with a 52-week high and low of ₹185 and ₹36.5 respectively, reflecting the volatility and strong demand for the company's shares in the market.
One Global Service Provider Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 19.41 | 13.56 | +43.17% | 11.65 | +66.66% |
| Selling/ General/ Admin Expenses Total | 0.37 | 0.3 | +23.82% | 0.32 | +17.74% |
| Depreciation/ Amortization | 0.04 | 0.04 | +1.17% | 0.06 | -26.06% |
| Total Operating Expense | 16.39 | 11.21 | +46.15% | 10.73 | +52.72% |
| Operating Income | 3.03 | 2.35 | +28.94% | 0.92 | +229.6% |
| Net Income Before Taxes | 3.03 | 2.35 | +28.94% | 0.92 | +229.61% |
| Net Income | 2.27 | 1.76 | +28.92% | 0.69 | +227.98% |
| Diluted Normalized EPS | 3.19 | 2.47 | +29.15% | 0.97 | +228.87% |
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