Fintech SME Stock Hits Record High Post Q3 Results

Posted under: MSMEs
Date: 2024-01-31
Fintech SME Stock Hits Record High Post Q3 Results

Network People Services Technologies (NPST) Limited experienced strong Q3 results for the financial year 2023-24, resulting in a 5% increase in its share price. The fintech company, known for bridging the gap between banking and fintech, reported a total income of ₹32.08 crore in Q3FY24, a significant YoY increase of around 210% compared to the previous fiscal year. EBITDA stood at ₹10.99 crore, a YoY surge of over 220% from ₹3.43 crore in Q3FY23. Net profit for Q3FY24 reached ₹6.53 crore, a YoY rise of over 260% compared to Q3FY23. In the first nine months of the current fiscal year, the company's total income surged to ₹85.40 crore, a YoY increase of over 332% from ₹19.76 crore in the previous financial year. NPST's net profit for Q3 of the current financial year witnessed an impressive 522% YoY growth, accompanied by a nearly 6% improvement in net profit margins.

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