Mumbai– 13 November 2025: Network People Services Technologies Limited (NPST), a leading digital banking and payments technology provider, announced a robust financial performance for the second quarter of FY26, reflecting healthy growth across revenue, profitability, and key operating metrics.
Financial Highlights for Q2 FY26 – QoQ
- Revenue Increase to ₹48.61 crore, a 39% increase from ₹35.03 crore in Q1 FY26.
- EBITDA stood at ₹15.71 crore, up 40% quarter-on-quarter, with EBITDA margins stable at 32%.
- Net profit rose by 38% to ₹9.92 crore, compared to ₹7.17 crore in the previous quarter, maintaining healthy profitability at 20.4% of total income.
The company’s performance reflects disciplined execution and a sustained focus on growth. During the period, it strengthened its client portfolio through new orders and partnerships with banks, corporates, fintechs, payment aggregators, and gateways, while expanding its Technology Service Provider (TSP) domain. While the major focus has been scaling TSP, it was ably supported by Payments Platform-as-a-Service (PPaaS) for merchant acquisition, and RegTech capabilities with innovative new solutions.
Deepak Chand Thakur, Chairman and Managing Director, NPST, said: “Our second-quarter results reflect the strength of our strategy and the resilience of our business model. We’ve continued to diversify our revenue streams, deepen client relationships, and execute with discipline. By combining innovation with a strong focus on governance and risk management, we’re laying the foundation for sustained growth in our target markets.”
Savita Vashist, Co-founder and Executive Director, NPST, said: “Our performance this quarter highlights the trust we’ve built with our clients and the strength of our delivery. As we enhance our product suite and reinforce our risk and compliance frameworks, our focus remains on reliability, innovation, and driving meaningful outcomes for our customers.”
Ashish Aggarwal, Co-founder and Joint Managing Director, NPST, said: “This quarter demonstrates the scalability of our platform and the consistency of our execution. Our diversification efforts are driving growth while ensuring business stability. We remain focused on operational efficiency, financial discipline, and building long-term value for our stakeholders.”
Key Business Highlights
TSP Vertical: NPST strengthened its position as a trusted technology partner to banks with several strategic milestones this quarter. The company secured a significant order from a large PSU bank with over 3,300 branches and 4 crore customers. NPST also entered the voice-based payments segment with UPI 123, supporting its partner bank’s inclusion and compliance goals by enabling UPI access for feature phone users.
Its offline payments platform, Qynx, expanded operations across six new states through the deployment of QRs and soundboxes, enhancing merchant reach and acceptance infrastructure.
Further cementing its leadership in payment infrastructure, NPST became one of the first Technology Service Providers (TSPs) with a certified Banking Connect Switch, enabling interoperable net and mobile banking platform. At the Global Fintech Fest 2025, the company unveiled a suite of new solutions aligned with NPCI’s UPI roadmap, including UPI Help, UPI Circle My Device, Bio Authentication, and Face Authentication, underscoring its commitment to innovation and secure digital payments.
Its offline payments platform, Qynx, expanded operations across six new states through the deployment of QRs and soundboxes, enhancing merchant reach and acceptance infrastructure.
Further cementing its leadership in payment infrastructure, NPST became one of the first Technology Service Providers (TSPs) with a certified Banking Connect Switch, enabling interoperable net and mobile banking platform. At the Global Fintech Fest 2025, the company unveiled a suite of new solutions aligned with NPCI’s UPI roadmap, including UPI Help, UPI Circle My Device, Bio Authentication, and Face Authentication, underscoring its commitment to innovation and secure digital payments.
PPaaS Vertical: The company continued to expand its Payments Platform-as-a-Service (PPaaS) business, partnering with more than 10 new payment aggregators and gateways and signing its fourth bank for the PPaaS offering. NPST also secured a Software-as-a-Service (SaaS) deployment order from a leading payment gateway, further diversifying its client base.
In a strategic step towards deepening financial services integration, NPST launched Interoperable Autopay, marking its entry into the NBFC segment and enabling seamless recurring payment solutions across financial institutions.
In a strategic step towards deepening financial services integration, NPST launched Interoperable Autopay, marking its entry into the NBFC segment and enabling seamless recurring payment solutions across financial institutions.
RegTech Vertical: The company’s Risk Intelligence Decisioning Platform (RIDP) achieved a notable improvement in accuracy rate of 90%, reflecting advancements in its AI-driven fraud detection engine. NPST launched five new fraud detection modules within RIDP to strengthen acquirer and aggregator-level risk management. The platform also went live with two prominent banks, enhancing industry-wide fraud prevention and compliance capabilities and reinforcing NPST’s leadership in RegTech innovation.
About NPST
Incorporated in 2013, NPST is a leading fintech firm in India, listed on the NSE and the BSE. We specialize in UPI payments and digital banking and operate as both a Technology Service Provider (TSP) and a Payment Platform as a Service Provider (PaaS). Our solutions include online and offline transaction processing, banking super apps, fraud prevention, dispute management, and RegTech. NPST’s mission is to deliver financial technology solutions across the financial value chain, serving banks, fintechs, and other industry players, and to drive the growth of the digital payments ecosystem.
NPST supports 100+ customers and processes 50+ million transactions daily, advancing businesses, individuals, communities, and economies through its innovative solutions. For details, please visit www.npstx.com.
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