Record-high stock NPST soars after unveiling strong Q3 results today.

TLDR:

Mint has reported that fintech SME stock, Network People Services Technologies (NPST) Limited, reached a record high after announcing its Q3 results for the financial year 2023-24. The company reported a 210% YoY rise in total income and a net profit increase of over 260% YoY. NPST’s shares opened at an upside gap and reached an intraday high of ₹2,840 apiece before profit booking led to a decrease in share price.

The fintech company bridging the banking and fintech worlds with its products and payments announced its Q3 results, revealing a significant growth in total income, EBITDA, and net profit. NPST’s total income for Q3 stood at ₹32.08 crore, a 210% YoY rise, and its net profit was ₹6.53 crore, a 260% YoY increase.

In the first nine months of the current fiscal, NPST’s total income was ₹85.40 crore, a 332% YoY rise, and its net profit was ₹16.95 crore, a 522% YoY increase. The company’s Q3 results demonstrate its robust performance and growth in the fintech industry.