{"id":21614,"date":"2023-10-26T08:26:40","date_gmt":"2023-10-26T08:26:40","guid":{"rendered":"https:\/\/newstrackbhopal.com\/index.php\/2023\/10\/26\/npsts-h1fy24-results-navigating-the-growth-in-fintech-with-a-remarkable-464-of-revenue-surge\/"},"modified":"2023-10-26T08:26:40","modified_gmt":"2023-10-26T08:26:40","slug":"npsts-h1fy24-results-navigating-the-growth-in-fintech-with-a-remarkable-464-of-revenue-surge","status":"publish","type":"post","link":"https:\/\/newstrackbhopal.com\/index.php\/2023\/10\/26\/npsts-h1fy24-results-navigating-the-growth-in-fintech-with-a-remarkable-464-of-revenue-surge\/","title":{"rendered":"NPST\u2019s H1FY24 Results: Navigating the growth in fintech with a remarkable 464% of Revenue Surge"},"content":{"rendered":"<div>\n<p><strong>New Delhi (India), October 26<\/strong>: Network People Services Technologies Limited (NPST)\u00a0(NSE EMERGE \u2013\u00a0NPST),\u00a0a fintech company bridging the banking and fintech worlds with their product suite of Technology and payments,\u00a0has<a><\/a>announced\u00a0its Unaudited Financial Results for the\u00a0H1 FY24.<\/p>\n<p>Key Financial Highlights (Consolidated):<\/p>\n<p>H1 FY24:<\/p>\n<p>\u2022\u00a0Total Revenue\u00a0\u20b953.32 Crore vs\u00a0\u20b99.44 Crore in H1 FY23, YoY Growth of 464.84%<\/p>\n<p>\u2022\u00a0EBITDA\u00a0\u20b917.41 Crore vs\u00a0\u20b92.32 Crore in H1 FY23, YoY Growth of 650.65%<\/p>\n<p>\u2022\u00a0EBITDA Margin 32.65% vs 24.57% in H1 FY23, YoY Growth of 808 Bps<\/p>\n<p>\u2022\u00a0Net Profit Before Tax\u00a0\u20b913.60 Crore vs\u00a0\u20b91.21 Crore in H1 FY23, YoY Growth of 1023.97%<\/p>\n<p>\u2022\u00a0Net Profit Margin\u00a025.96% vs 13.09% in H1 FY23, YoY Growth of 1287 Bps<\/p>\n<p>\u2022\u00a0EPS\u00a0\u20b915.72 vs\u00a0\u20b91.35 in H1 FY23, YoY Growth of 1064.44%<\/p>\n<p>FY24 -Quarterly Comparison:<\/p>\n<p>\u2022\u00a0Total Revenue\u00a0\u20b928.42 Crore vs\u00a0\u20b924.88 Crore in Q1 FY24,\u00a0YoY\u00a0Growth of 14.23%<\/p>\n<p>\u2022\u00a0EBITDA\u00a0\u20b99.50 Crore vs\u00a0\u20b97.90 Crore in Q1 FY24,\u00a0YoYGrowth of 20.25%<\/p>\n<p>\u2022\u00a0EBITDA Margin 33.43% vs 31.75% in Q1 FY24,\u00a0YoYGrowth of 167 Bps<\/p>\n<p>\u2022\u00a0Net Profit Before Tax\u00a0\u20b97.40 Crore vs\u00a0\u20b96.21 Crore in Q1 FY24,\u00a0YoY\u00a0Growth of 19.16%<\/p>\n<p>\u2022\u00a0Net Profit Margin\u00a026.04% vs 24.96% in Q1 FY24,\u00a0YoYGrowth of 108 Bps<\/p>\n<p>The company in accordance with accounting principles have classified FDRs (no Lien) amounting to Rs. 31.28 Cr of more than three months maturity in other current assets and FDR\u2019s (no Lien) amounting to Rs. 2.07 Cr maturing within three months under cash and cash equivalents. Owing to such classification, operating cash flows reflects negative due to inclusion of incremental FDR amounting to Rs. 19.23 Cr in the \u201cOther Current Assets\u201d.<\/p>\n<p>Commenting on the performance,\u00a0Mr. Ashish Aggarwal \u2013 Joint Managing Director\u00a0of\u00a0NPST Limited\u00a0said,\u00a0<a><\/a>\u201cNPST is strongly headed for ambitious growth path and that is clearly indicated by our H1FY24 financial performance.\u00a0The remarkable growth in digital payments in India and the global expansion of UPI (Unified Payments Interface) indicates a positive market environment.<\/p>\n<p>NPST\u2019s nimbleness in responding to rising demand and growing customer base is a valuable trait. Being focused on technology and staying updated with developments in the fintech industry is essential for staying competitive and meeting evolving customer needs. Investing in technology and building new product roadmap is key to our forward-thinking approach.<\/p>\n<p>Expanding client base and product offerings while growing revenues and profits is a clear sign of a successful business strategy. We would continue to maintain this momentum while continuously innovating to stay ahead in the ever-evolving fintech landscape.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), October 26: Network People Services Technologies Limited (NPST)\u00a0(NSE EMERGE \u2013\u00a0NPST),\u00a0a fintech company bridging the banking and fintech worlds with their product suite of Technology and payments,\u00a0hasannounced\u00a0its Unaudited Financial Results for the\u00a0H1 FY24. Key Financial Highlights (Consolidated): H1 FY24: \u2022\u00a0Total Revenue\u00a0\u20b953.32 Crore vs\u00a0\u20b99.44 Crore in H1 FY23, YoY Growth of 464.84% \u2022\u00a0EBITDA\u00a0\u20b917.41 Crore [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[627],"class_list":["post-21614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"wpmagazine_modules_lite_featured_media_urls":{"thumbnail":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/10\/1-1-23-150x150.jpg",150,150,true],"cvmm-medium":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/10\/1-1-23-300x300.jpg",300,300,true],"cvmm-medium-plus":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/10\/1-1-23-305x207.jpg",305,207,true],"cvmm-portrait":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/10\/1-1-23-400x600.jpg",400,600,true],"cvmm-medium-square":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/10\/1-1-23-600x600.jpg",600,600,true],"cvmm-large":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/10\/1-1-23-1024x900.jpg",1024,900,true],"cvmm-small":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/10\/1-1-23-130x95.jpg",130,95,true],"full":["https:\/\/newstrackbhopal.com\/wp-content\/uploads\/2023\/10\/1-1-23.jpg",1200,900,false]},"categories_names":{"2":{"name":"Business","link":"https:\/\/newstrackbhopal.com\/index.php\/category\/business\/"}},"tags_names":{"627":{"name":"business","link":"https:\/\/newstrackbhopal.com\/index.php\/tag\/business\/"}},"comments_number":"0","_links":{"self":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts\/21614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/comments?post=21614"}],"version-history":[{"count":0,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/posts\/21614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/media\/21615"}],"wp:attachment":[{"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/media?parent=21614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/categories?post=21614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newstrackbhopal.com\/index.php\/wp-json\/wp\/v2\/tags?post=21614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}