This Fintech stock specializing in digital payment solutions for the banking and financial sectors is in focus after it jumped up to 7 percent following the reporting of a prestigeous purchase order from the Central Bank of India for Sound boxes with QR codes.
Share Price Movement
With a market capitalization of Rs. 4,600 Crore, the stock of Network People Services Technologies opened at Rs. 2,211, down 2.59 percent from yesterday’s close, but after opening, it made a high of 2,440, up 7.48 percent following the order announcement.
Order Update
Network People Services Technologies Ltd has been awarded a purchase order worth Rs. 67.2 Crores from the Central Bank of India for the supply, installation, maintenance, and management of Sound boxes with QR Codes at merchant establishments under both OPEX and CAPEX for a period of 5 years. The Total Order worth is Rs. 168 Crores, and since the company qualified as the L2 bidder in the reverse auction process, the company was awarded 40 percent of the total order value i.e. Rs. 67.2 Crores.
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Financial Highlights
The company reported a 32.33 percent YoY decrease in revenue from Rs. 31.39 Crore in Q3FY24 to Rs. 21.24 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 68.17 percent in revenue from Rs. 66.75 Crore in the previous quarter.
Their Net profit saw a decrease of 21.43 percent YoY from Rs. 6.53 Crore to Rs. 5.13 Crore for the same period. On a QoQ basis, the company reported a decrease of 71.73 percent in Net profit from Rs. 18.15 Crore in the previous quarter.
About the Company
Network People Services Technologies Limited (NPST), established in 2013 and headquartered in Thane, Maharashtra, is a prominent Indian fintech company specializing in digital payment solutions for the banking and financial sectors. Operating as both a Technology Service Provider (TSP) and a Third-Party Aggregator Provider (TPAP).
Written By Abhishek Das
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