NPST Reports Remarkable Q1 Results: Achieves Unprecedented Growth, Surging 8 Times Higher Than Last Year | Mint
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Business News/ Brand Stories / NPST Reports Remarkable Q1 Results: Achieves Unprecedented Growth, Surging 8 Times Higher Than Last Year
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NPST Reports Remarkable Q1 Results: Achieves Unprecedented Growth, Surging 8 Times Higher Than Last Year

NPST is optimistic about the future and has a pipeline of new products and services to capitalize on opportunities in the Indian market

NPST Reports Remarkable Q1 ResultsPremium
NPST Reports Remarkable Q1 Results

India, 28th July, 2023:  Its 10th Year of organisation and scaling from a startup with a revenue of 4.17 Cr to an IPO-listed organisation recording Rs. 40 Cr last financial year has been a journey to witness.

NPST, the fintech brand that moved the gears in the financial Value chain today records 60% of last financial year's revenue in Q1 i.e., 25Cr. The company's unwavering commitment to innovation and customer-centric solutions has resulted in a remarkable surge, with all key financial indicators soaring to unprecedented heights. Throughout their journey, they have demonstrated an unmatched passion for solving client’s problems, resulting in a significant increase in their financial performance.

As they kick start FY 23- 24 with astonishing results in the history of organisation, it has become evident that their focus on the building structure, processes and a people-centric approach has paid off in a herculean way.

NPST has achieved a remarkable as below:

Particulars

Q1 FY 24

Q1 FY 23

YoY Change

Turnover

24.88

3.39

634%

EBITDA

7.90

0.90

775%

PAT

5.16

0.15

3,412%

EPS

7.98

0.23

3,370%

The growth in financial metrics is poised to bolster confidence among investors and customers, solidifying its position as a preferred partner in the financial technology domain.

Mr. Ashish Aggarwal, Jt. Managing Director of NPST, expressed his elation over the outstanding Q1 results, stating, "We are thrilled with the remarkable performance in the first quarter. These results demonstrate the resilience of NPST and reflect the dedication of our talented team. Our unwavering focus on innovation, customer satisfaction, and operational excellence continues to drive our success."

The management at NPST remains optimistic about the future and with a robust pipeline of groundbreaking products and services, the company is well-positioned to capitalize on emerging opportunities in the Indian market.

About NPST

NPST (Networks People Services Technologies) is a leading fin-tech company in India, providing cutting-edge payment solutions to bridge the gap between banks and fin-tech. With a strong focus on innovation, NPST processes a significant share of the country's digital transaction volume, including UPI, IMPS, and Mobile Banking. The company's unwavering commitment to customer satisfaction and strategic growth has propelled it to the forefront of the industry. NPST is dedicated to delivering pioneering solutions and driving the future of digital payments in India.

For more information, visit https://www.npstx.com/

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same. 

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Published: 28 Jul 2023, 05:31 PM IST
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