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Business EconomyPosted at: Jul 24 2024 5:10PM


NPST net jumps 203 pc to Rs 15.62 cr in Q1; Revenue grew at 142 pc

New Delhi, Jul 24 (UNI) Fintech firm NPST has reported 203 percent jump in net profit at Rs 15.62 crore in the Q1 (April-June) of FY25 as against Rs 5.15 crore in the same quarter of last financial year.
The revenue from operations grew 142 percent at Rs 60.19 crore during the first quarter y-o-y basis compared to Rs 24.88 crore in the same three months of last financial year (2023-24), the company said in a release.
NPST is a fintech firm and it specializes in UPI payments and digital banking and operate as both a Technology Service Provider (TSP) and a Payment Platform as a Service Provider (PPaaS).
The company attributed its substantial topline growth to the growing demand for efficient digital payment operating models, such as Payments Platform as a Service (PPaaS) among Payment Aggregators, Payment Gateways, and Merchants.
The operationalization of key customer accounts, infrastructure upgrades to manage increased transaction volumes, and improved delivery execution within the Technology Service Provider (TSP) business that caters to banks were also instrumental in this growth, it said.
Commenting on the results Ashish Aggarwal, Co-Founder and Joint Managing Director NPST, said "We are proud to announce a record-setting performance for Q1 FY 2025, demonstrating robust increases in both revenue and profit, even as we scale our strategic growth investments. Our business strategy over the last three years is producing results, and we remain dedicated to maintaining this momentum by continually focusing on building a reliable, efficient, and resilient organization."
NPST plans to raise fresh capital through a Qualified Institutional Placement (QIP). The funds will support investments in new-age technology, market diversification, and scaling organizational capabilities, aligned with the company's vision to be among the top players in the Indian digital payments industry.
Deepak Chand Thakur, Co-Founder and CEO NPST, said "We are off to an exceptional start in FY 2025, marking our tenth consecutive quarter of growth since the company’s listing. The positive momentum, particularly within our Payment Platform-as-a-Service (PPaaS) segment, is very encouraging.
The new customer acquisitions and ramp-up in deals we've discussed in previous quarters are now positively impacting our revenues. We see substantial growth opportunities across our PPaaS and Technology Service Provider business segments.
Moving forward, we remain committed to enhancing our unique business model, strengthening strategic customer engagement, and preparing for future readiness."
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Tags: #NPST net jumps 203 pc to Rs 15.62 cr in Q1; Revenue grew at 142 pc
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