Results - Announcements
Network People Services Technologies Ltd share price gained 2.97% to Rs 1788.75 after the company's net profit registered a growth of 19.64% to Rs 13.22 crore, while revenue from operations increased 19.94% to Rs 67.74 crore in Q2FY27 over Q2FY26.
The market capitalization of Financial Technology (Fintech) industry group stocks on BSE stood at Rs 2.28 lakh crore, rising 8.05%. It has marginally improved by 1.76% over last one week and softened by 6.41% in last one month while the market capitalization of Network People Services Technologies Ltd has inched up 3.23% and 8.87% in the same period respectively.
Profit before tax (PBT) of Network People Services Technologies Ltd stood at Rs 16.94 crore in Q2 FY27, rallying 25.57% year-on-year, and jumping 16.91% quarter-on-quarter. EBITDA came in at Rs 11 crore, slipping 7.47% YoY and expanding by 20.99% sequentially.
Total expenses advancing by 19.52% to Rs 55.84 crore in Q2FY27 over Q2FY26. During the quarter, employee benefits expense was at Rs 9.83 crore, registering a marginal contraction of 2.87% YoY.
For FY26, revenue from operations improved 12.52% to Rs 194.9 crore, while net profit slipped by 9.69% to Rs 40.82 crore, compared to previous FY. EBITDA surged by 5403% to Rs 36.15 crore, and PBT dipped slightly 8.77% to Rs 55.06 crore compared to previous FY.
Network People Services Technologies Ltd slipped 4.09% in last one year, significantly underperforming the benchmark BSE Sensex which has eased by 2.91% during the same period.