Network People Services Technologies (NPST) recorded 60% incremental order growth in QR and soundbox solutions.
Network People Services Technologies, a digital banking and fintech infrastructure provider, has reported that its net profit in the December quarter more than doubled to ₹12 crore (₹5 crore).
Income more than doubled to ₹57 crore (₹23 crore) in the quarter under review.
The company has secured a mandate to acquire and operate a UPI switch for a large cooperative bank.
It has launched QR-based acquiring in partnership with a sponsor bank for the Cooperatives Bank segment and won the first order in this model.
The company has won a Hardware Security Module implementation order from a central payment body and emerged as the lowest bidder for eFRM implementation in Africa and the West Asia for the central payment body.
Payments Platform-as-a-Service (PPaaS)
The company has recorded 60 per cent incremental order value growth in QR and soundbox solutions and onboarded one NBFC for pay-in services.
Deepak Chand Thakur, Chairman and Managing Director, NPST, said the company’s performance in Q3 reflects consistent execution of its long-term strategy to build mission-critical payment infrastructure at scale.
“We are aligned with our growth objective of launching new products and acquiring new business in the domestic market along with footprint in international deals,” he said.
The company’s objective is to remain a dependable infrastructure partner for banks and regulated institutions, said Thakur.
Ashish Aggarwal, Co-Founder & Joint Managing Director, NPST, said the revenue growth and EBITDA expansion support healthy margin performance while the growth in PAT demonstrates operating leverage as scale improves.
“We will continue to strengthen the quality of our order book with a balanced mix of infrastructure mandates and recurring platform engagements, improving revenue visibility and predictability,” he added.
Shares of the company were down 10 per cent at ₹1,232 on Thursday.
Published on February 13, 2026
