Network People Services Technologies Limited — Earnings Release 2024

Apr 25, 2024

SYMBOL: NPST Dated: 25[th] April, 2024 ISIN: INE0FFK01017

To,

The Manager-Listing Department, The National Stock Exchange of India Limited, Exchange Plaza, NSE Building, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 Fax: 022-26598237, 022-26598238

SUB: GENERAL UPDATES FOR QUARTER ENDED MARCH 31, 2024 – EARNING RELEASE

Dear Sir/Madam,

Please find enclosed herewith the Earning Release for the Quarter ended 31[st] March, 2024 of FY 202324.

Kindly take the same on your record.

Thanking You,

Yours Faithfully,

For Network People Services Technologies Limited

Ashish Digitally signed by Ashish Aggarwal Date: 2024.04.25 Aggarwal 11:26:03 +05'30' Ashish Aggarwal (Joint Managing Director) (DIN: 06986812)

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NPST Delivers Stellar Performance in FY 2024, Posts 216% Growth in YoY Revenue

Mumbai 24[th] April 2024 – Network People Services Technologies Limited (NPST) (NSE EMERGE – NPST) , a fintech company bridging the banking and fintech worlds with their product suite of Technology and payments, announced strong Audited Q4 FY24 and FY 2024. Buoyed by a winning combination of favourable growth in digital payments, as well as its innovative technology solutions and expanding customer base, NPST reported significant increases in both revenue and net profit.

Key Financial Highlights:

Q4 FY24:

Particulars(₹ Cr)	Q4 FY24	Q4 FY23	YoY Change
Total Revenues	44.71	21.41	108.83 %
EBITDA	15.31	6.63	130.92%
EBITDA(%)	34.24%	30.97%	328 BPS
Net Profit	10.02	3.84	160.90 %
NPM(%)	22.41%	17.94%	448 BPS
EPS(Rs)	5.17	1.98	161.11%

H2 FY24:

Particulars(₹ Cr)	H2 FY24	H2 FY23	YoY Change
Total Revenues	76.78	31.72	142.06 %
EBITDA	26.29	10.06	161.33 %
EBITDA(%)	34.24%	31.72%	252 BPS
Net Profit	16.55	5.65	192.90 %
NPM(%)	21.56%	17.81%	374 BPS
EPS(Rs)	8.54	2.91	193.50%

FY24:

Particulars(₹ Cr)	FY24	FY23	YoY Change
Total Revenues	130.08	41.13	216.27 %
EBITDA	43.70	12.38	252.99 %
EBITDA(%)	33.59%	30.10%	350 BPS
Net Profit	26.71	6.52	309.66 %
NPM(%)	20.53%	15.85%	468 BPS
EPS(Rs)	13.78	3.36	310.12 %

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Commenting on the occasion, by Mr. Ashish Aggarwal – Joint Managing Director of NPST Limited said " We are proud to have delivered on our commitments, with a record-breaking performance across all metrics – organic revenue growth, PAT and earnings per share. These results reflect the strong fundamentals of our business. We anticipate continued positive momentum and are dedicated to maintaining our upward trajectory."

Commenting on the occasion, by Mr. Deepak Chand Thakur, Co-Founder and CEO of NPST Limited

said " NPST closed out 2024 with accelerated organic revenue growth of 216%, demonstrating a strong focus to delivering on our financial commitment. The results highlight our strong standing as a trusted technology partner to banks and Fintechs in the payments ecosystem. Our consistent performance is enabled by a combination of NPST’s unique business model, investments in technology, growing customer base and talented team. We are optimistic about our future and our ability to drive further innovation and value in the digital payments space.”

About NPST Limited

Incorporated in 2013, Network People Services Technologies Limited (NPST), is engaged in providing software and Digital payment solutions to the banking and finance sector, primarily focusing on mobile banking applications, Payment switch solution (such as IMPS & UPI), Merchant acquiring platform. Currently, NPST is rendering services to esteemed clients i.e., Canara Bank, Kerala Gramin Bank, Karnataka

Gramin Bank, IBM India Private Limited and Cosmos Co-operative Bank with 60 crore monthly transaction volume.

NPST is an authorized Merchant Payment Service Provider, approved by NPCI, acquiring merchants. The Company recorded 8 Mn+ average transactions per month with 1,20,000+ sub -merchant base.

In 2022, the Company built “Super App” for one of the largest PSU banks powered with 300 services creating API hub and processing engine.

For FY24, the Company has reported Total Revenues of ₹ 130.08 Cr with 216% YoY growth with EBITDA of ₹ 43.70 Cr with 253% YoY growth & Net Profit of ₹ 26.71 Cr with 310% YoY growth.

Disclaimer

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

For Further Information Please Contact Corporate Communication Advisor

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Kirin Advisors Private Limited Sunil Mudgal – Director sunil@kirinadvisors.com +91 98692 75849 www.kirinadvisors.com

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