Network People Services Technologies Limited (BSE: 544396 / NSE: NPST) reported a sharp increase in revenue and profitability for the quarter ended December 31, 2025, supported by growth across its Technology Service Provider (TSP), Payments Platform-as-a-Service (PPaaS), and RegTech verticals.
For Q3 FY26, consolidated total income rose 145.9% year-on-year to ₹57.17 crore from ₹23.25 crore in Q3 FY25. On a sequential basis, revenue increased 17.5% from ₹48.67 crore in Q2 FY26.
Business overview
NPST operates as a PayTech solutions provider delivering digital payment infrastructure to banks, payment aggregators, fintechs, NBFCs and regulators. Its offerings span UPI, IMPS, CBDC, Banking Connect, BBPS, QR and Soundbox solutions (Qynx), merchant acquiring (Evok), and RegTech platforms including Risk Intelligence Decisioning Platform (RIDP), Fraud Risk Management (FRM) and Online Dispute Resolution (ODR).
The company services over 20 banks and 100+ customers, processing approximately 60 million daily transactions.
Financial performance — Q3 FY26
EBITDA increased 118.3% year-on-year to ₹18.74 crore from ₹8.59 crore in Q3 FY25. EBITDA margin stood at 32.78%, compared with 36.93% a year earlier and 32.13% in Q2 FY26.
Net profit rose 124.8% year-on-year to ₹11.54 crore from ₹5.13 crore. Sequentially, PAT increased 17.3% from ₹9.84 crore in Q2 FY26. Net profit margin was 20.19%.
Diluted EPS increased to ₹5.92 from ₹2.49 in Q3 FY25 and ₹4.40 in Q2 FY26.
Total expenditure during the quarter stood at ₹38.43 crore, compared with ₹14.66 crore in Q3 FY25.
Order inflows and operational progress
During Q3 FY26, the company secured a merchant acquiring and UPI switch mandate from a large cooperative bank and won a Hardware Security Module (HSM) implementation order from a central payment body. It also qualified as the lowest bidder to implement E-FRM in Africa and the Middle East.
Under PPaaS, NPST signed two private banks and one cooperative bank, onboarded one NBFC for pay-in services, and onboarded a lending platform to co-sell PPaaS services. Incremental order volumes included QR and Soundbox deployments.
New product initiatives
The company launched RuPay-linked identity cards under its Evok 4.0 platform in partnership with Infinity Infoway Ltd, targeting the education and transport segments.
NPST also received recognition as “Promising PayTech Company of the Year” at a cooperative banking forum.
Strategic focus
For H2 FY26, the company outlined plans to expand PPaaS revenue streams, grow RegTech SaaS revenue, add new TSP accounts, expand Bank-in-a-Box deployments, increase merchant penetration and pursue global expansion opportunities beyond Africa.