{"id":26933,"date":"2024-02-01T16:45:50","date_gmt":"2024-02-01T11:15:50","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/02\/01\/npst-revenues-surge-210-per-cent-in-q3-approves-21-bonus-issue\/"},"modified":"2024-02-01T16:45:50","modified_gmt":"2024-02-01T11:15:50","slug":"npst-revenues-surge-210-per-cent-in-q3-approves-21-bonus-issue","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/02\/01\/npst-revenues-surge-210-per-cent-in-q3-approves-21-bonus-issue\/","title":{"rendered":"NPST Revenues Surge 210 per cent in Q3, Approves 2:1 Bonus Issue"},"content":{"rendered":"
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NPST announced a significant growth in revenue for the third quarter of fiscal year 2024<\/strong><\/p>\n

Mumbai (Maharashtra) [India], February 01:<\/strong> NPST, a leader in digital payments and banking service provider in the NSE SME listed fintech domain, announced a significant growth in revenue for the third quarter of fiscal year 2024,\u00a0reflecting strong performance and growth.\u00a0\u00a0Driven by an uptrend in digital payments and a strategic focus on a customer-centric product approach, the growth represents a significant milestone for NPST, building upon a higher base established a year ago.<\/p>\n

Financial Highlights<\/strong><\/p>\n

\n
\"NPST<\/figure>\n<\/div>\n

For the quarter ending December 2023, NPST clocked revenues equalling INR 3,207.85 lakhs, a notable 210% increase over the corresponding quarter of the previous fiscal year. Additionally, NPST achieved a net profit of INR 653.15 lakh, marking a significant growth from INR 180.75 lakh reported in the corresponding quarter of the preceding year.\u00a0<\/p>\n

(Consolidated figures INR in Lakhs)<\/p>\n

NPST\u2019s year-to-date revenue stands at INR 8,540.14 lakh, highlighting the company\u2019s consistent performance. Compared to the previous year\u2019s year-to-date revenue of INR 1,976.08 lakh, this represents a notable 332.18% increase.\u00a0<\/p>\n

Commenting on the company\u2019s financial performance Ashish Aggarwal, JMD, NPST said, \u201cOur Q3 results reflect NPST\u2019s unwavering commitment to sustainable growth and underscores the effectiveness of our overall strategy and the trust our investors place in us.\u201d\u00a0<\/p>\n

Deepak Chand Thakur, Chairman & Managing Director (Founder), said, \u201cIn the last few quarters, our emphasis on product strategy and nurturing innovation lab has yielded positive results, evident in the growth seen in recent quarters, particularly in Q3 FY24.\u201d\u00a0<\/p>\n

\u201cThe payments industry in India is experiencing landslide growth, with UPI at the forefront riding on changing consumer transactional patterns, increased online transactions, and deeper penetration of offline transactions,\u201d he added.\u00a0<\/p>\n

Bonus Share Issue<\/strong><\/p>\n

Additionally, the company\u2019s board announced a bonus share distribution at a ratio of 2:1, granting shareholders two bonus equity shares valued at INR 10 each for every fully paid-up equity share of INR. 10. The total issue, capped at INR 12,92,40,000, reflects NPST\u2019s commitment to enhancing shareholder value and liquidity.<\/p>\n

Leadership Enhancement<\/strong><\/p>\n

NPST announced it is augmenting its leadership team with the appointment of Savita Vashist as Director, effective January 22, 2024. With over two decades of experience in the software sector, Savita brings expertise in driving business development, sales initiatives, and fostering strategic collaborations.\u00a0<\/p>\n

Deepak Chand Thakur, Chairman & Managing Director (Founder), said; \u201cI am delighted to welcome Savita Vashist to our leadership team. With ambitious expansion plans ahead, Savita\u2019s established track record and strategic acumen will provide NPST with the momentum needed to achieve our goals.\u201d\u00a0<\/p>\n

About NPST<\/strong><\/p>\n

NPST (Networks People Services Technologies), a leading fintech company in India, provides cutting-edge payment solutions to bridge the gap between banks and FinTech. With a strong focus on innovation, NPST processes a significant share of the country\u2019s digital transaction volume, including UPI, IMPS, and Mobile Banking. Positioned for sustained success, NPST continues to set new benchmarks and is dedicated to delivering pioneering solutions and driving the future of digital payments in India.\u00a0<\/p>\n

For more information, visit:\u00a0https:\/\/www.npstx.com\/<\/a><\/p>\n

For\u00a0further details\u00a0contact,\u00a0cs@npstx.com<\/a><\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NPST announced a significant growth in revenue for the third quarter of fiscal year 2024 Mumbai (Maharashtra) [India], February 01: NPST, a leader in digital payments and banking service provider in the NSE SME listed fintech domain, announced a significant growth in revenue for the third quarter of fiscal year 2024,\u00a0reflecting strong performance and growth.\u00a0\u00a0Driven…<\/p>\n

Read More “NPST Revenues Surge 210 per cent in Q3, Approves 2:1 Bonus Issue”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":26934,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-26933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/26933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=26933"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/26933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/26934"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=26933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=26933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=26933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}