NPST – Technology Provider for UPI Tech

Q3 FY24 Concall Highlights:
Performance Highlights:

• Revenue – 31.39 vs 10.22 cr ,210% yoy
• EBIDTA – 10.9cr vs 3.4cr, margin- 34.24% vs 33.2
• PAT – 6.5cr vs 1.8, increase of 261%
• EPS – 3.37 vs 0.93 ,261% growth YOY

Business updates –

1. Psp side- First big deal is Bharat pay bill payment solutions which allows to reach out to more banks and allows to give solutions around license
   and SAAS model.

• Bhart billpay is biller aggregators at NPCI end which can can be taken as service by banks and other payment aggregators.

2. API solution -Added more accounts into last quarter.
3. Issued 2 new bonus share for each share.
4. Added Savita Vashist as exec. director with 2 decades of exp. of building businesses in software domain and international presence.
5. Mrs Panchi as independent dir. to strengthen overall security and tech space.
6. Awarded by economic times as top performing SME of the year & honored by Nav bharat for innovation in fintech space.
7. UPI volume- 11 billion per month , 40-45% is peer to merchant transaction.
8. Consumer pattern is changing and people are confident abt security and regulations by RBI.
9. Consistent investment in R&D lab and focused on new products and increasing capabilities.
10. Guidance – non-linear growth , creating products without any cost esclation and grow the revenue for each incremental cost.
11. Revenue by Segment: EVOK business -65-70% ,license and services from banks -31-35%,
12. API rollout and other apis- technically its there in Autopay and payout, working on functional side -would be able to launch this qrtr.
13. Project expenses of 10 cr – cost involved for sharing in with banks and third parties involved.
14. International opportunties- Exploring but it would take time as cycle is lengthier nearly 12-18 months.
15. TSP business- It takes lot of time but its a robust revenue model,- first needs to be eligilble & empanelled into BOB, canara, bank of maharastra,
16. In TSP, added new product all together and in evok – new large merchants,
17. New subsidiary Timepay – to act as payment aggregators
18. evok business- 5000 cr of gross transaction, Added 6 more accounts.

Disclaimer -Invested and biased.