NPST achieves 264% growth in Q2 profit, announces move to mainboard

Performance Snapshot                                                     

• NPST posted a cumulative revenue of Rs 129.11 crore in the first two quarters of FY25, representing 99 per cent of the total revenue recorded for FY24 (Rs 130 crore).
• For Q2 FY25, the company recorded revenue of Rs 68.91 crore, marking 142 per cent growth compared to the corresponding quarter in the last fiscal year.
• In Q2 FY25 EBITDA registered 167 per cent growth, reaching Rs 25.35 crore, up from Rs 9.50 crore in the corresponding quarter of the previous year.
• Net profit in Q2 FY25 surged to Rs 18.19 crore, up from Rs 5 crore in the corresponding quarter of the previous year, representing a 264 per cent increase.
• In the first half of FY25, net profit surged by 104 per cent, rising to Rs 33.78 crore, up from Rs 16.55 crore in the previous year.

Network People Services Technologies Limited (NSE EMERGE – NPST), a leading provider of digital banking and payment technology solutions listed on the NSE SME exchange, has reported strong financial results for Q2 and the half-year of FY 2025. In Q2 FY25, the company registered Rs 68.91 crore in revenue, marking significant growth of 142 per cent compared to the same quarter in the previous fiscal year. For the half-year FY25, NPST achieved Rs 129.11 crore in revenue, reflecting an impressive growth of 68 per cent compared to the corresponding period in FY24.

The company’s net profit in Q2 FY25 surged to Rs 18.19 crore, up from Rs 5 crore in the corresponding quarter of the previous year, representing an impressive 264 per cent increase. In the first half of FY25, net profit surged by 104 per cent, rising to Rs 33.78 crore, up from Rs 16.55 crore in the previous year.

Additionally, the company’s Board of Directors has formally approved the company's transition to a mainboard listing, representing a significant milestone in NPST’s ongoing growth journey. 

The Board also authorised the allotment of equity shares under the NPST Employee Stock Option Plan 2023 with an aim to strengthen the company’s talent pool, foster a performance-oriented culture, and build a strong leadership pipeline.

Other Business Initiatives

In Q2 FY 2025, NPST undertook several business initiatives to expand its market presence. The company launched PayJoy (an Instant Credit Line on UPI) to address unmet consumer needs for embedded credit to fund discretionary spending. Additionally, NPST introduced the Risk Intelligence Decisioning Platform, which leverages machine learning to predict fraud in the rapidly growing online payments segment. Furthermore, NPST continues to expand its technology footprint among Regional Rural Banks. The company recently partnered with a leading bank in the segment 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.”

Financial Summary

*Figures in crores

NPST’s mission is to deliver financial technology solutions across the financial value chain — serving banks, fintech’s, and other industry players — and to drive the growth of the digital payments ecosystem. NPST supports over 100+ customers, and processes 60+ million transactions daily, advancing businesses, individuals, communities, and economies through its innovative solutions.  For details, please visit https://www.npstx.com/.

Media Contact
Vanita D’souza
Manager – Corporate Communications
Email Id: vanita.dsouza@npstx.com

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