Mumbai, 11 February 2026 –Network People Services Technologies Ltd. (NPST), a digital banking and fintech infrastructure provider, reported sequential growth in the third quarter of FY26, with revenue rising to ₹57.17 crore and profit after tax (PAT) increasing to ₹11.54 crore. On a year-on-year basis, revenue for the quarter grew 145.93% to ₹57.17 crore compared to Q3 FY25. The performance was driven by strong execution across payment infrastructure, risk management and bank-led digital platforms.
EBITDA recorded a strong 118.30% year-on-year growth, rising to 18.74 crore from 8.59 crore in Q3 FY25.
Financial Highlights for Q3 FY26 – QoQ
- Revenue stood at ₹57.17 crore, up ₹8.5 crore from ₹48.67 crore in Q2 FY26
- PAT grew ₹1.70 crore quarter-on-quarter to ₹11.54 crore, compared to ₹9.84 crore in Q2 FY26
- EBITDA stood at 18.74 crore, compared to ₹15.64 crore in Q2 FY26, an increase of 19.82%
Deepak Chand Thakur, Co-founder and CEO of NPST, said, “Q3 FY26 reflects consistent execution against our long-term strategy of building mission-critical payment infrastructure at scale. We are still aligned with our growth objective launching new products and acquiring new business in domestic market along with footprint in international deals. Our focus has been on consistent growth and incremental order book. During the quarter, we strengthened our core switching capabilities, enhanced risk-layer integrations, and expanded acquiring infrastructure across partner banks. Our objective is to remain a dependable infrastructure partner for banks and regulated institutions as the payment’s ecosystem becomes more complex and performance sensitive.”
Ashish Aggarwal, Co-Founder & Joint Managing Director, NPST, said: “Our Q3 FY26 results reflect both accelerated revenue growth and sustained operating discipline. Our revenue grew and EBITDA expansion supports healthy margin performance while the growth in PAT demonstrates operating leverage as scale improves. We will continue to strengthen the quality of our order book with a balanced mix of infrastructure mandates and recurring platform engagements, improving revenue visibility and predictability. Our focus remains on maintaining margin resilience, disciplined cost management, and efficient capital deployment as we scale.”
Key Business Updates Q3 FY26
Banking and Payment Infrastructure
- Secured a mandate to acquire and operate a UPI switch for a large cooperative bank
- Launched QR-based acquiring in partnership with a Sponsor Bank for the Cooperatives Bank segment; Won the first order in this model
- Won a Hardware Security Module (HSM) implementation order from a central payment body
- Emerged as the lowest bidder for eFRM implementation in Africa and the Middle East for central payment body
Payments Platform-as-a-Service (PPaaS)
- Signed 2 private banks and 1 cooperative bank for PPaaS services
- Recorded ~60% QoQ incremental order value growth in QR and Soundbox solutions
- Onboarded one NBFC for Pay-In services and onboarded a lending platform to co-sell PPaaS offerings to NBFCs
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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