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Multibagger Stock engaged in the business of providing Digital Payments solutions and many more to banks, financial institutions, Merchants, and others hits a 5 percent upper circuit in the day’s trade upon posting Q4FY24 results with a 192 percent increase in Net Profits. 

With a market capitalization of Rs. 2,714 Crores, the shares of Network People Sevices Technologies Limited hit a 5 percent upper circuit at Rs. 1,400. It has delivered multibagger returns of 588 percent in a year. 

Its revenue from operations grew by 138.29 percent YoY from Rs. 31.52 Crores in Q4FY23 to Rs. 75.11 Crores in Q4FY24 and it grew by 43.25 percent QoQ from Rs. 52.43 Crores in Q3FY24 to Rs. 75.11 Crores in Q4FY24. Annually it generated a revenue of 40.84 Crores in FY23 and Rs. 127.55 Crores in FY24 indicating a growth of 212.31 percent YoY. 

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Its Net Profit grew by 192.92 percent YoY from Rs. 5.65 Crores in Q4FY23 to Rs. 16.55 Crores in Q4FY24 and it grew by 63 percent QoQ from Rs. 10.15 Crores in Q3FY24 to Rs. 16.55 Crores in Q4FY24. Annually it generated a profit of 6.52 Crores in FY23 and Rs. 26.71 Crores in FY24 indicating a growth of 309.63 percent YoY. 

Network People Services Technologies Limited is engaged in the business of providing Digital Payments solutions to banks, financial institutions, Merchants, and others. 

It also serves as a Fintech partner to banks and financial institutes operating as a Technology Service Provider (TSP), providing certified solutions for digital payments which include Mobile Banking, Immediate Payment Service (IMPS), Bhim UPI, and Wallet platform. 

It has a strong marquee clientele base with well-known players like Canara Bank, Karnataka Bank, Tamilnad Mercantile Bank, Bank of Maharashtra, SBM Bank and many more. It is also a Partner to Merchants & Payment Aggregators/ Payment Gateways like Jupiter, Easypay, Airpay, and many others. 

It has reported a return on equity (ROE) of 25.8 percent and a return on capital employed (ROCE) of 34.5 percent, it is making good returns on its equity and capital employed. 

Written by: Bharath K.S 

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