IT Stock Jump 31% in Four Sessions After Securing Major Deal and Announcing Expansion Plans

Synopsis: NPST secured a UPI Switch deal under its Bank-in-a-Box platform, enabling recurring SaaS revenue, while expanding globally, targeting 150 banks, and strengthening its digital payments ecosystem growth.

This small-cap SIT Stock, engaged in providing digital payment solutions, UPI infrastructure, banking technology platforms, and SaaS-based services to banks, fintechs, and financial institutions, jumped up to 10.89 percent in today’s intraday trade and surged up to 31.2 percent over the past four trading sessions. In this article, we will explore the reasons for the stock’s rise.

With a market capitalization of Rs. 2,353.62 crores, the share of Network People Services Technologies Limited has reached an intraday high of Rs. 1,145 per equity share, rising nearly 10.89 percent from its previous day’s close price of Rs. 1,032.60. Since then, the stock has retreated and is currently trading at Rs. 1,128.80 per equity share. Over the last four days, the stock has jumped almost 31.20 percent.

Reason Behind the Surge

On March 17, 2025, Network People Services Technologies Limited (NPST) has secured a major deal from a large cooperative bank to deploy its UPI Switch system. This is the company’s first order under its “Bank-in-a-Box” platform, which allows banks to quickly set up digital payment systems without heavy investment. The solution also helps NPST earn recurring income through a SaaS-based model.

With this system, the bank can expand into UPI merchant services, enabling digital payments through QR codes, soundboxes, and online transactions. This will help the bank increase its reach, improve customer engagement, and create new revenue opportunities.

NPST’s Bank-in-a-Box platform, launched last year, offers a complete digital banking solution with over 400 services. It includes payment processing, fraud monitoring, and a banking app, helping smaller banks easily adopt modern digital technology.

Growth and Expansion Plans

Network People Services Technologies Limited generates around 80-90 percent of its revenue by acting as a technology partner to banks, providing digital payment and banking solutions. The company is also focusing on innovation to enhance its offerings and stay competitive in the fast-growing fintech space.

The company is expanding its global presence and is currently in discussions with around 10 countries to replicate its successful India model. Looking ahead, the company plans to add around 150 banks over the next 10 months, which could significantly boost its growth and strengthen its position in the digital payments ecosystem.

Company Overview

Network People Services Technologies Limited (often branded as NPST) was founded in 2013 and is an Indian fintech company specializing in digital payments and banking technology solutions. It focuses on building and operating core payment infrastructure, particularly UPI and digital banking stacks, for banks, payment aggregators, and fintechs in India.

Major Development in Q3 FY26

In Q3 FY26, NPST achieved key milestones by securing a merchant acquiring and UPI switch mandate from a large cooperative bank. The company also launched QR-based acquiring in partnership with a sponsor bank and won its first order under this model. Additionally, it was selected as the lowest bidder for implementing E-FRM solutions in Africa and the Middle East and secured an HSM implementation order from a central payment body.

The company further strengthened its client base by signing two private banks and one cooperative bank for PPaaS services. It onboarded a lending platform for NBFCs and added one NBFC for pay-in services. NPST also reported a 60% increase in QR and soundbox order volumes during the quarter, indicating strong growth in merchant adoption.

Future Plans

NPST is focusing on strong growth in H2 FY26 by increasing its revenue streams, especially in payments platform services (PPaaS). The company has added new products like PPI under Evok 4.0 and is expanding its client base by adding new accounts. It is also working on generating more SaaS revenue through its RegTech solutions and growing its Bank-in-a-Box platform.

Along with this, NPST aims to expand its presence by targeting PSU and government accounts for transaction-based opportunities. The company is also exploring global markets beyond Africa and strengthening its marketing efforts to promote new products and increase merchant presence.

Recent Quarter Results

Coming into financial highlights, Network People Services Technologies Limited’s revenue has increased from Rs. 21 crore in Q3 FY25 to Rs. 53 crore in Q3 FY26, which has grown by 152.38 percent. The net profit has also grown by 140 percent from Rs. 5 crore in Q3 FY25 to Rs. 12 crore in Q3 FY26.

Network People Services Technologies Limited’s revenue and net profit have grown at a CAGR of 108.82 percent and 182.31 percent, respectively, over the last three years.

In terms of return ratios, the company’s ROCE and ROE stand at 69.2 percent and 56 percent, respectively. Network People Services Technologies Limited has an earnings per share (EPS) of Rs. 17.1, and its debt-to-equity ratio is 0.02x.

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