Network People Services Technologies Secures NSE Approval for 14.46 Lakh Equity Shares and Reports Strong Q2 Performance

Network People Services Technologies Limited (NPST) has made significant strides in its business operations, as evidenced by recent developments and financial results.

NSE Approval for Equity Shares

NPST has received in-principle approval from the National Stock Exchange of India Limited (NSE) for listing 14,46,500 equity shares allotted on a preferential basis. This approval, granted on November 14, 2025, marks a positive step for the company's capital structure and potential for growth.

Strong Q2 Financial Performance

The company has reported impressive financial results for the second quarter:

Metric	Q2 FY'26	Growth (QoQ)
Revenue	Rs. 48.61 crore	39.00%
EBITDA	Rs. 15.71 crore	40.00%
Net Profit	Rs. 10.00 crore	38.00%

NPST maintained a healthy profitability of 20.4% over total income, showcasing its ability to grow while maintaining margins.

Product Portfolio Expansion

The company has expanded its product offerings, introducing several new solutions:

Banking Connect: Enhances interoperability between net banking and mobile banking.
Bank-in-a-Box: A SaaS-based solution targeting small to mid-sized banks.
Queens platform: An offline payment solution gaining traction in the market.

These additions are expected to diversify NPST's revenue streams and strengthen its position in the fintech sector.

Business Segment Performance

Technology Service Provider (TSP) segment: Contributes approximately 80-85% of the revenue.
Payment Platform as a Service (PPaaS): Accounts for about 15% of the revenue.
RegTech: A newly developed vertical focused on fraud prevention, showing promise for future growth.

International Expansion

NPST is making inroads into international markets:

Secured a contract in Africa, operating on a SaaS-based revenue model.
Opened operations in Dubai, actively participating in market enquiries.
Exploring opportunities in the UAE and Southeast Asia markets.

Future Outlook

The company is focusing on several key areas for growth:

Increasing revenue streams in the payment platform business.
Securing new accounts and executing business in the TSP segment.
Generating SaaS-based revenue for RegTech and Bank-in-a-Box solutions.
Expanding merchant presence through newly launched products.

NPST is also investing in AI to improve internal efficiency, aiming for at least a 40% optimization in operations over the next few years.

As the digital payments landscape in India continues to evolve, with UPI transactions expected to grow from 20 billion to 60 billion per month in the next four years, NPST appears well-positioned to capitalize on these opportunities. The company's diversified approach and focus on innovation suggest a promising trajectory for future growth in the dynamic fintech sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.37%	+3.17%	-8.08%	-17.49%	-45.48%	+2,067.72%

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.