Network People Services Technologies Limited (NPST) has reported its financial results for the second quarter of fiscal year 2026, along with several corporate actions. The company's board meeting, held on November 12, 2025, addressed various financial and operational matters.

Financial Performance

For Q2 FY26, NPST reported:

• Total income of ₹48.61 crore, a 38.75% increase from ₹35.04 crore in Q1FY26
• EBITDA growth of 39.48% to ₹15.72 crore with margins at 32.34%
• Net profit increase of 38.39% to ₹9.93 crore

Business Highlights

• Secured new orders, including one from a large PSU bank with 3,300 branches and 4 crore customers
• Expanded QR and Soundbox services to six new states
• Launched new products including Bank-in-Box for cooperative banks
• Preparing to launch Evok 4.0 in December 2025
• Added 11 new payment aggregators
• Signed fourth bank for Payment Platform-as-a-Service

Corporate Actions

Stock Option Allotment

The board approved the allotment of 8,900 equity shares under the NPST Employee Stock Option Plan 2023 for the third tranche.

CSR Committee

A Corporate Social Responsibility Committee was constituted.

Related Party Transactions

The board reviewed related party transactions for the first half of FY 2025-26.

Preferential Allotment

NPST confirmed no deviation in the utilization of proceeds from its preferential allotment of 14,46,500 equity shares worth ₹300 crore. The funds remain unutilized and are currently invested in fixed deposits with ICICI Bank, earning a 5% return.

Regulatory Compliance

The company acknowledged payment of penalties for non-compliance under SEBI regulations and implemented corrective measures to strengthen internal compliance controls.

Subsidiary Operations

NPST incorporated a wholly-owned subsidiary, NPST Global Solutions LLC, in Dubai, UAE, on April 24, 2025. The equity capital for this subsidiary was remitted on July 1, 2025.

Monitoring Agency Report

CARE Ratings Limited, acting as the Monitoring Agency for the preferential issue, reported no deviation from the stated objectives for the funds raised. The total amount of ₹300 crore remains unutilized as of September 30, 2025, and is held in a fixed deposit.

NPST operates across three business segments: Technology Service Provider (TSP), Payment Platform-as-a-Service (PPaaS), and RegTech, serving banks and regulated entities with products including UPI, IMPS, CBDC, and fraud management solutions.

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

Upcoming Financial Results

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

1. Un-Audited Consolidated and Standalone Financial Results for the quarter ended September 30, 2025
2. Limited Review Report on Consolidated and Standalone Financial Results for the same period
3. 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.