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- Network People Services Technologies Q1 Result Revenue Hits ₹5,885.34 Lakhs and PAT Reaches ₹1,561.57 Lakhs
Network People Services Technologies Q1 Result Revenue Hits ₹5,885.34 Lakhs and PAT Reaches ₹1,561.57 Lakhs
Network People Services Technologies Q1 Results revealed a 34.6% QoQ revenue increase to ₹5,885.34 lakhs and a 55.8% QoQ profit rise to ₹1,561.57 lakhs.
by P Nandhini
Updated Aug 27, 2024
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Table of Content
Network People Services Technologies Q1 Results: Network People Services Technologies announced its Q1 results for the fiscal year 2024-2025 on July 22, 2024. The company reported a substantial increase in revenue, with Q1 revenue reaching ₹5,885.34 lakhs, marking a significant 34.6% growth compared to ₹4,371.19 lakhs in the previous quarter.
This impressive rise reflects the company’s robust performance and strong demand for its software and digital payment solutions in the BFSI sector. In terms of profitability, Network People Services Technologies saw a notable improvement.
The net profit for Q1 was ₹1,561.57 lakhs, compared to ₹1,002.41 lakhs in the previous quarter, showing a 55.8% increase quarter-over-quarter. This growth in profit highlights the company's effective cost management and operational efficiency.
The company’s strong results underline its successful execution of strategic initiatives and its growing role as a key player in the fintech space.
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Network People Services Technologies Q1 Results 2024 - 2025
Here are the financial results for Network People Services Technologies for Q1 of 2024-2025:
| Particulars | 30th June 2024 (Unaudited) | 31st March 2024 (Audited) |
|---|---|---|
| Revenue From Operations | ₹5,885.34 lakhs | ₹4,371.19 lakhs |
| Net Sales or Revenue from Operations | ₹5,885.34 lakhs | ₹4,371.19 lakhs |
| Other Income | ₹100.15 lakhs | ₹133.94 lakhs |
| Total Income (1+2) | ₹6,019.28 lakhs | ₹4,505.13 lakhs |
| Purchase | ₹1,471.34 lakhs | ₹1,788.20 lakhs |
| Change in WIP | (₹65.68) lakhs | ₹17.60 lakhs |
| Cost of Project Expense | ₹2,199.67 lakhs | ₹2,199.67 lakhs |
| Employee Benefit Expenses | ₹1,278.10 lakhs | ₹872.06 lakhs |
| Finance Costs | ₹0.37 lakhs | ₹0.55 lakhs |
| Depreciation & Amortisation | ₹108.99 lakhs | ₹228.57 lakhs |
| Other Expenses | ₹391.82 lakhs | ₹261.47 lakhs |
| Total Expenses (IV) | ₹3,913.27 lakhs | ₹3,168.45 lakhs |
| Profit/(Loss) Before Exceptional Items | ₹2,106.01 lakhs | ₹1,302.89 lakhs |
| Exceptional Items | - | - |
| Profit Before Tax (VII-VI) | ₹2,106.01 lakhs | ₹1,302.89 lakhs |
| Tax Expense | ₹538.98 lakhs | ₹343.51 lakhs |
| Net Profit/(Loss) for the Period | ₹1,561.57 lakhs | ₹1,002.41 lakhs |
| Earnings Per Share (EPS) | ₹8.06 | ₹5.17 |
| Diluted Earnings Per Share (DEPS) | ₹8.04 | ₹5.16 |
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Network People Services Technologies Current Market Overview
Network People Services Technologies is currently trading at ₹3,513 per share, reflecting a strong market performance with a market capitalization of ₹6,810 crores. The stock has seen a high of ₹3,521 and a low of ₹400. With a price-to-earnings (P/E) ratio of 183, the company is highly valued compared to its earnings.
Its book value stands at ₹29.7 per share, and the company does not offer a dividend. Network People Services Technologies boasts impressive returns with a return on capital employed (ROCE) of 83.5% and a return on equity (ROE) of 63.7%, indicating strong financial health and effective management.
| Parameter | Value |
|---|---|
| Current Price | ₹3,513 |
| Market Capitalization | ₹6,810 Crores |
| High / Low | ₹3,521 / ₹400 |
| Stock P/E Ratio | 183 |
| Book Value | ₹29.7 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 83.5% |
| Return on Equity (ROE) | 63.7% |
| Face Value | ₹10.0 |
Quarterly Results
Here are the quarterly financial results for Network People Services Technologies for December 2023, March 2024, and June 2024:
| Parameter | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 31 | 44 | 59 |
| Expenses (₹ Cr.) | 21 | 29 | 38 |
| Operating Profit (₹ Cr.) | 10 | 14 | 21 |
| Operating Profit Margin (OPM %) | 33% | 33% | 35% |
| Other Income (₹ Cr.) | 1 | 1 | 1 |
| Interest (₹ Cr.) | 0 | 0 | 0 |
| Depreciation (₹ Cr.) | 2 | 2 | 1 |
| Profit Before Tax (₹ Cr.) | 9 | 13 | 21 |
| Tax % | 25% | 23% | 26% |
| Net Profit (₹ Cr.) | 7 | 10 | 16 |
| EPS (₹) | 3.37 | 5.17 | 8.06 |
About Network People Services Technologies
Network People Services Technologies is a company specializing in providing software and digital payment solutions primarily for the banking, financial services, and insurance (BFSI) sectors.
They focus on offering innovative solutions such as mobile banking applications, payment switches like IMPS and UPI, and merchant acquiring platforms. Their services support various clients, including major banks and financial institutions.
With a strong presence in the fintech industry, Network People Services Technologies is dedicated to enhancing digital transactions and financial operations through cutting-edge technology.
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Network People Services Technologies Q1 Results - FAQs
1. What is the revenue for Network People Services Technologies in Q1 2024-2025?
The revenue for Network People Services Technologies in Q1 2024-2025 is ₹5,885.34 lakhs.
2. What was the net profit for Network People Services Technologies in Q1 2024-2025?
The net profit for Network People Services Technologies in Q1 2024-2025 is ₹1,561.57 lakhs.
3. When were the Q1 results for Network People Services Technologies announced?
The Q1 results for Network People Services Technologies were announced on July 22, 2024.
4. What was Network People Services Technologies' total income for Q1 2024-2025?
Network People Services Technologies' total income for Q1 2024-2025 was ₹6,019.28 lakhs.
5. What is the total expense for Network People Services Technologies in Q1 2024-2025?
The total expense for Network People Services Technologies in Q1 2024-2025 is ₹3,913.27 lakhs.
6. What is the profit before tax for Network People Services Technologies in Q1 2024-2025?
The profit before tax for Network People Services Technologies in Q1 2024-2025 is ₹2,106.01 lakhs.
7. Did Network People Services Technologies report any exceptional items in Q1 2024-2025?
Network People Services Technologies did not report any exceptional items in Q1 2024-2025.
8. What was the tax expense for Network People Services Technologies in Q1 2024-2025?
The tax expense for Network People Services Technologies in Q1 2024-2025 was ₹538.98 lakhs.
9. What was the change in work-in-progress (WIP) for Network People Services Technologies in Q1 2024-2025?
The change in work-in-progress (WIP) for Network People Services Technologies was (₹65.68) lakhs in Q1 2024-2025.
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