Network People Services Technologies Reports Q2 FY2026 Results, Raises Rs 300 Crore via Preferential Issue

Network People Services Technologies Limited (NPST) has released its financial results for the second quarter of fiscal year 2026, alongside significant corporate actions including a major capital raise.

Q2 FY2026 Financial Highlights

For the quarter ended September 30, 2025, NPST reported:

Revenue from operations of Rs 4,667.69 crore
Total income of Rs 4,867.41 crore
Profit before tax of Rs 1,349.21 crore
Net profit of Rs 984.45 crore

Half-Year Performance

For the first half of FY2026 (April 1, 2025 to September 30, 2025), the company achieved:

Revenue from operations of Rs 8,029.91 crore
Total income of Rs 8,376.33 crore
Profit before tax of Rs 2,315.89 crore
Net profit of Rs 1,704.56 crore

Rs 300 Crore Preferential Issue

NPST has raised Rs 300 crore through a preferential allotment to Tata Mutual Fund. The company allotted 14,46,500 equity shares at Rs 2,074 per share, which includes a premium of Rs 2,064 per share. As of September 30, 2025, the company had not received in-principle approval from stock exchanges for listing these shares.

The funds raised are allocated for three main purposes:

Global expansion and brand building (Rs 60 crore)
Accelerating growth through product development, infrastructure enhancement, and strategic acquisitions (Rs 170 crore)
General corporate purposes, including fundraising costs (Rs 70.00 crore)

According to the monitoring agency report, the entire Rs 300 crore remains unutilized and is currently invested in a fixed deposit with ICICI Bank, earning 5% interest. The company has until September 4, 2027, to utilize these funds as per the offer document.

Other Corporate Actions

The board approved the allotment of 8,900 equity shares under the NPST Employee Stock Option Plan 2023.
NPST incorporated a wholly-owned subsidiary named NPST Global Solutions LLC in Dubai, UAE, on April 24, 2025.
The company addressed a non-compliance issue under Regulation 28(1) of the SEBI Listing Regulations, paying fines to both NSE and BSE.

Company Overview

NPST operates in the IT services sector, focusing on software and payment solutions for the banking, corporate, and finance sectors. The company's consolidated results include its subsidiaries: SSK Citizen Services Private Limited, Timepay Digital Infotech Private Limited, and NPST Global Solutions LLC.

Investors and stakeholders may want to monitor the deployment of the newly raised capital, as it could impact future growth and expansion plans. The utilization of these funds will be crucial to watch in the coming quarters as NPST aims to strengthen its market position and expand globally.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.05%	-11.45%	-16.21%	-19.58%	-45.72%	+2,025.85%

Network People Services Technologies Limited (NPST) has secured a significant mandate from Indian Overseas Bank to implement UPI 123Pay, a revolutionary voice-based UPI payment system. This innovative solution aims to bridge the digital divide by enabling feature phone users and non-tech-savvy smartphone users to access UPI payment services.

Key Features of UPI 123Pay

Target Audience: Approximately 850 million individuals in India who haven't adopted UPI yet, including 400 million feature or button phone users
Technology: Operates without mobile data or internet connectivity
User Interface: Allows payments through voice or keypad inputs via missed calls and IVR callbacks
Language Support: Available in twelve Indian languages
Additional Features: Balance checks, transaction history, dispute management, and UPI PIN management

NPST's Collaboration and Technology

NPST has developed this solution in partnership with MissCallPay, leveraging their combined expertise to create a user-friendly payment system. The voice-based UPI payment platform is designed to be accessible to a wide range of users, particularly those who may find traditional digital payment methods challenging.

Company Profile

Aspect	Details
Incorporation	2013
Listing	BSE and NSE
Specialization	Fintech, payments, and digital banking technology
Customer Base	Supports over 20 banks and 100 customers
Transaction Volume	Processes more than 18 billion transactions annually
Financial Performance (FY25)	Revenue: ₹180.00 crore Profit After Tax: ₹45.00 crore

Upcoming Financial Results

As per the LODR data, NPST has scheduled a Board Meeting for November 12, 2025, to discuss and approve the following:

Un-Audited Consolidated and Standalone Financial Results for the quarter ended September 30, 2025
Limited Review Report on Consolidated and Standalone Financial Results for the same period
Report of the monitoring agency for the quarter ended September 30, 2025

This initiative by NPST and Indian Overseas Bank represents a significant step towards financial inclusion in India. By making UPI payments accessible to feature phone users and those less comfortable with technology, the partnership has the potential to bring millions of new users into the digital payment ecosystem.

The voice-based UPI system could be particularly impactful in rural areas and among older demographics, where smartphone adoption and internet connectivity may be limited. As India continues its digital transformation, solutions like UPI 123Pay play a crucial role in ensuring that no one is left behind in the shift towards a cashless economy.

Investors and stakeholders will be keenly watching NPST's upcoming financial results to gauge the impact of this new initiative on the company's performance and future growth prospects.