Network People Services Technologies Limited (NPST) has reported a remarkable surge in its financial performance for the second quarter and first half of FY25. In Q2 FY25, NPST’s net profit skyrocketed by 264%, reaching ₹18.19 crore, compared to ₹5 crore in the same quarter of the previous year. The company’s revenue for the quarter saw an impressive 142% year-on-year growth, hitting ₹68.91 crore. Over the first half of FY25, NPST achieved total revenue of ₹129.11 crore, which is nearly equal to the entire revenue of ₹130 crore it generated in FY24, reflecting a 68% increase from the same period in FY24. NPST’s EBITDA also witnessed significant growth, climbing 167% in Q2 FY25 to ₹25.35 crore, up from ₹9.50 crore a year earlier. Furthermore, the net profit for the first half of FY25 surged by 104% to ₹33.78 crore, compared to ₹16.55 crore in the first half of the previous fiscal year.
In addition to these financial achievements, NPST is taking a major step toward a Mainboard listing, a milestone that underscores the company’s strong operational and financial standing. This move is expected to support NPST’s continued growth and expansion. The company’s Board of Directors has also approved the allotment of equity shares under the NPST Employee Stock Option Plan 2023, a strategic initiative aimed at attracting and retaining top talent, building a performance-driven culture, and developing strong leadership for the future.
On the business front, NPST is driving innovation and market expansion through new initiatives. The company has launched “PayJoy,” an instant credit line on UPI, addressing the growing demand for embedded credit to facilitate consumer spending. It has also introduced a Risk Intelligence Decisioning Platform, which uses machine learning to predict and mitigate fraud in the expanding digital payments landscape. In partnership with a leading bank, NPST has also implemented its Bill Direct platform for Regional Rural Banks, further solidifying its technology footprint in underserved markets.
Commenting on the company’s growth trajectory, NPST’s Co-Founder and CEO, Deepak Chand Thakur, expressed enthusiasm, noting that NPST continues to execute its “NPST 2.0” vision with a focus on innovation, transformation, and growth. The company’s record quarterly revenue and new product launches position it well to accelerate its evolution into a mid-market enterprise. Co-Founder and Joint Managing Director, Ashish Aggarwal, also emphasized NPST’s operational discipline and commitment to innovation as key factors driving its consistent growth.
Founded in 2013, NPST has established itself as a leading fintech player in India, contributing to the country’s “Make in India” initiative. The company serves as both a Technology Service Provider (TSP) and a Payment Platform as a Service (PaaS) provider, offering a range of services such as UPI payments, digital banking solutions, transaction processing, fraud prevention, and compliance technology.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. All data, figures, and projections mentioned are based on publicly available sources and are subject to change. Investors and readers are advised to conduct their own research or consult a financial advisor before making any investment decisions. The company mentioned may have future risks or uncertainties that could impact its performance. Neither the author nor the publisher shall be held liable for any losses or damages incurred based on the information provided.
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