Network People Services Technologies Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Network People Services Technologies Ltd filed with BSE on 14 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Network People Services Technologies reported Q1 FY27 revenue of Rs 61.42 crore, up 75% year-on-year, with EBITDA growing 66% and net profit rising to Rs 11.4 crore. Management reiterated its full-year guidance of 60% to 70% revenue growth and around 30% EBITDA margin, attributing the sequential decline from Q4 to milestone-based revenue recognition in its technology and subscription businesses rather than any change in demand. Management also discussed the potential impact of MDR on UPI, international business expansion, and RegTech product traction, including an order from a large PSU bank.
Numbers mentioned
Revenue: INR 61.42 crore (Q1 FY27)
p. 4
“We closed at about INR 61.42 crore.”
Deepak Chand Thakur, page 4 of the filed PDF · View the filing
EBITDA growth: 66% (Q1 FY27 year-on-year)
p. 4
“Our EBITDA has grown by 66% and our net profit has gone up by INR 53 crore, which is about INR 11.4 crore.”
Deepak Chand Thakur, page 4 of the filed PDF · View the filing
Net profit: INR 11.4 crore (Q1 FY27)
p. 4
“Our EBITDA has grown by 66% and our net profit has gone up by INR 53 crore, which is about INR 11.4 crore.”
Deepak Chand Thakur, page 4 of the filed PDF · View the filing
Revenue growth year-on-year: 75% (Q1 FY27)
p. 4
“the year-on-year uptake has been about 75% in revenue.”
Deepak Chand Thakur, page 4 of the filed PDF · View the filing
Highest quarterly revenue achieved previously: INR 68 crore (Q4 FY26)
p. 13
“So, 68 was in Q4 last year.”
Deepak Chand Thakur, page 13 of the filed PDF · View the filing
International revenue share: 10% to 12% (Q1 FY27)
p. 7
“For now, if you see the consolidated numbers, we have about 10% to 12% coming in from international.”
Deepak Chand Thakur, page 7 of the filed PDF · View the filing
International revenue share (alternate figure): 11%-12% (current)
p. 16
“Right now, it is about 11%-12%. I don't have an exact, but yes, that's the range between 10% to 12% coming from international and that majorly from TSP.”
Deepak Chand Thakur, page 16 of the filed PDF · View the filing
AI risk intelligence transactions processed: about 650 million transactions
p. 15
“we processed almost about 650 million transactions on it.”
Deepak Chand Thakur, page 15 of the filed PDF · View the filing
AI risk intelligence data accuracy: 98% accuracy
p. 15
“we also have the data intelligence, which is at 98% accuracy.”
Deepak Chand Thakur, page 15 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue growth — 60% to 70% · FY27
stated firmly by Deepak Chand Thakur
p. 5
“we gave a guidance of about 60% to 70% growth and that remains unchanged.”
Deepak Chand Thakur, page 5 of the filed PDF · View the filing
EBITDA margin — around 30% · FY27
stated firmly by Deepak Chand Thakur
p. 4
“That remains unchanged.”
Deepak Chand Thakur, page 4 of the filed PDF · View the filing
Revenue — INR 320 CR to 340 CR · FY27
stated firmly by Deepak Chand Thakur
p. 14
“The range is around that. Yes.”
Deepak Chand Thakur, page 14 of the filed PDF · View the filing
International revenue mix — around 50% · around 2 years from now, FY28-FY29
stated as an aspiration by Deepak Chand Thakur
p. 16
“So, around 2 years from here, we are targeting around 50% from the international business, or maybe more.”
Deepak Chand Thakur, page 16 of the filed PDF · View the filing
EBITDA margin — at least 35% · next 2 years
stated as an aspiration by Ashish Aggarwal
p. 17
“Maybe you can say, currently we are between 25% to 30%. In next 2 years, we should target at least 35% EBITDA margin, or maybe more than that.”
Ashish Aggarwal, page 17 of the filed PDF · View the filing
Revenue CAGR — 60%-70% · next 2-3 years
stated as an aspiration by Ashish Aggarwal
p. 17
“Yes, year-on-year, you can say CAGR, 60%-70% we are targeting for next 2-3 years.”
Ashish Aggarwal, page 17 of the filed PDF · View the filing
Revenue — INR 850-900 crores · FY29
stated as an aspiration by Deepak Chand Thakur
p. 17
“Next year it should be around INR 850-900 crores around there.”
Deepak Chand Thakur, page 17 of the filed PDF · View the filing
IPO fund deployment — next two quarters
stated firmly by Deepak Chand Thakur
p. 13
“we will start seeing deployment in next two quarters.”
Deepak Chand Thakur, page 13 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the 60-70% annual growth guidance is unchanged and that quarter-on-quarter comparisons are not meaningful given the shift in business mix.
Answered by Deepak Chand Thakur
Asked by Akshay: Is the company still on track for its full-year revenue guidance given the quarter-on-quarter decline?
p. 5
“we gave a guidance of about 60% to 70% growth and that remains unchanged. There is no challenge at all.”
Deepak Chand Thakur, page 5 of the filed PDF · View the filing
Management said it is an advantage but they are awaiting formal guidance from regulators and banks before quantifying impact.
Answered by Deepak Chand Thakur
Asked by Akshay: Does the company benefit from the MDR bill passed for UPI?
p. 6
“So, it is an advantage to the company. But we are actually waiting for the guidance to come from the regulator, banks and from NPCI”
Deepak Chand Thakur, page 6 of the filed PDF · View the filing
Management confirmed the international margin range and said international contributes 10-12% of consolidated revenue currently.
Answered by Deepak Chand Thakur
Asked by Nishant Joshi: What is the current international revenue contribution and margin differential versus domestic business?
p. 7
“For now, if you see the consolidated numbers, we have about 10% to 12% coming in from international.”
Deepak Chand Thakur, page 7 of the filed PDF · View the filing
Management explained both indirect benefits (industry investment flowing to TSPs) and direct benefits (revenue share on acquiring platform transactions).
Answered by Deepak Chand Thakur
Asked by Ankit Kanodia: Will the company get a direct share of MDR revenue or only benefit from market expansion?
p. 10
“So, there will definitely be competition amongst banks to generate more revenue because of this MDR. And there will be more investments coming in. So, TSP gets an added advantage.”
Deepak Chand Thakur, page 10 of the filed PDF · View the filing
Management attributed the dip to a change in business mix, with margins expected to rise as international and RegTech contributions grow.
Answered by Deepak Chand Thakur
Asked by Hardik Gandhi: Why did EBITDA margin drop this quarter despite prior aggressive guidance?
p. 11
“So, the order that we have picked up in Q1, the order which we have picked up in Q2, these margins will start adding up.”
Deepak Chand Thakur, page 11 of the filed PDF · View the filing
Management said roughly 10-15% has been deployed so far, with three opportunities identified and deployment expected in the next two quarters.
Answered by Deepak Chand Thakur
Asked by Hardik Gandhi: How much of the IPO proceeds have been deployed and what is the plan?
p. 13
“we currently have zeroed down on three odd opportunities where we intend to invest.”
Deepak Chand Thakur, page 13 of the filed PDF · View the filing
Management said domestic margins are 15-20% versus 30-40% internationally, targeting roughly 50% international mix in about two years.
Answered by Deepak Chand Thakur
Asked by Deepak Poddar: What margin differential exists between domestic and international business, and what is the medium-term international mix target?
p. 16
“Almost about, I mean, if it is about 15%-20% in India, international will be anywhere above 35%. 30-35-40, depends on…”
Deepak Chand Thakur, page 16 of the filed PDF · View the filing
Management explained this reflects hardware costs included in turnkey project deliveries recognized under milestone billing.
Answered by Ashish Aggarwal
Asked by Abhishek Kajal: Why did the P&L line for changes in inventories rise sharply to Rs 17 crore from Rs 2 crore?
p. 18
“So, it is basically the nature of business, where we can put some hardware, then it will cover under this side.”
Ashish Aggarwal, page 18 of the filed PDF · View the filing
Management said this was a grouping issue where purchase costs were merged into the other expenses line.
Answered by Ashish Aggarwal
Asked by Ashish Soni: Why did other expenses rise sharply this quarter compared to last year?
p. 20
“I think this is a grouping issue. The team has merged the purchase cost in these expenses. That is the INR 17 crore amount.”
Ashish Aggarwal, page 20 of the filed PDF · View the filing
Management reaffirmed the yearly guidance is unchanged, saying revenue is milestone-driven rather than linear across quarters.
Answered by Deepak Chand Thakur
Asked by Ketan Pathak: Does the company still expect to hit the 70% year-on-year growth guidance given the quarterly run-rate required?
p. 22
“I think I have addressed this in the very first question, that yearly guidance does not change. That still remains the same.”
Deepak Chand Thakur, page 22 of the filed PDF · View the filing
Risks flagged
Uncertainty around MDR implementation on UPI pending regulatory and bank guidance
p. 7
“we are yet to receive guidance from our customers, like from banks and NPCI and the regulator. That is yet not released.”
Deepak Chand Thakur, page 7 of the filed PDF · View the filing
Revenue from the PPaaS/payment platform segment was deliberately reduced to lower business risk
p. 5
“we brought down our projection in the PPaaS segment to just about 5% to reduce the risk associated with that segment.”
Deepak Chand Thakur, page 5 of the filed PDF · View the filing
Project implementation timelines can slip
p. 12
“Yes, there may be possibility that certain orders we are anticipating in three months, it may come in five months. That may happen.”
Deepak Chand Thakur, page 12 of the filed PDF · View the filing
TimePay's B2C product growth is dependent on resolution of MDR policy
p. 15
“Yes, TimePay, again, since this is B2C, we are still looking for the overall decision on MDR.”
Deepak Chand Thakur, page 15 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.