Network People Services Technologies Limited, a leading provider of digital banking and payment technology solutions, has reported robust financial results for Q2 and the first half of FY 2025. The company, currently listed on the NSE SME exchange, registered an impressive 264 per cent growth in net profit for Q2 FY’25.
In Q2 FY’25, NPST recorded revenue of ₹68.91 crore, marking a significant 142 per cent growth compared to the same quarter of the previous fiscal year. For the half-year of FY’25, revenue stood at ₹129.11 crore, reflecting a 68 per cent increase from the same period in FY’24. Net profit for Q2 surged to ₹18.19 crore from ₹5 crore in the corresponding quarter of the previous year. For the first half of FY’25, the net profit grew by 104 per cent, reaching ₹33.78 crore, up from ₹16.55 crore in FY’24.
In a significant development, NPST’s Board of Directors has approved the company’s transition to a Mainboard listing, marking a major milestone in its growth trajectory. Additionally, the Board has authorized the allotment of equity shares under the NPST Employee Stock Option Plan 2023, aimed at bolstering the company’s talent pool and fostering a performance-driven culture.
NPST also launched new business initiatives in Q2 FY 2025, including PayJoy, an Instant Credit Line on UPI, and the Risk Intelligence Decisioning Platform, which leverages machine learning to predict fraud in the online payments sector. The company continues to expand its technology footprint with Regional Rural Banks and recently partnered with a leading bank to implement its Bill Direct platform.
Speaking on the results, Deepak Chand Thakur, Co-Founder and CEO NPST, stated, “Our business once again demonstrated a solid trajectory this quarter. The company continues to execute the NPST 2.0 vision and its key pillars — Innovate, Transform, and Grow. Our commitment to these principles is evident in our highest-ever quarterly revenue growth and our new launches aimed at addressing significant white spaces in the market. With our decision to transition to the Mainboard, we are poised to accelerate NPST’s evolution into a mid-market enterprise, positioning ourselves for sustained long-term growth.”
Commenting on the company’s financial performance, Ashish Aggarwal, Co-Founder and Joint Managing Director of NPST, said, “Over the last three years, we have demonstrated consistent performance against a backdrop of operational discipline, continued scale, and ongoing innovations. The Board’s approval to transition to the mainboard validates our strategy and positions us for future growth.”
Also Read | NPST launches Digital Payment Services at Global Fintech Fest 2024
The company’s strong financial results and strategic initiatives underscore its commitment to continued innovation and expansion in the digital banking and payments landscape.
