Integrated Filing — IndAS



General information about company
Scrip Code 544396
NSE Symbol NPST
MSEI Symbol NOTLISTED
ISIN INE0FFK01017
Name of company NETWORK PEOPLE SERVICES TECHNOLOGIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 27-May-2025   14:30:00
End date and time of board meeting 27-May-2025   15:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2020-11-06
Indicate Company website link for updated RPT policy of the Company https://npst-web.s3.us-west-2.amazonaws.com/investor-pdf-2022-23/policies/policy-on-related-party-transaction.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The company has no reported default in the loans and have neither issued any debt securities.



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 263008000 1731217000
Other income 17096000 71844000
Total income 280104000 1803061000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 5072000
(d) Employee benefit expense 90902000 444518000
(e) Finance costs 1761000 3431000
(f) Depreciation, depletion and amortisation expense 20604000 68804000
(f) Other Expenses
1 Other Expenses 23184000 116074000
2 Project Expense 60950000 561755000
Total other expenses 84134000 677829000
Total expenses 197401000 1199654000
3 Total profit before exceptional items and tax 82703000 603407000
4 Exceptional items 0 0
5 Total profit before tax 82703000 603407000
6 Tax expense
7 Current tax 21986000 154286000
8 Deferred tax 543000 -2900000
9 Total tax expenses 22529000 151386000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 60174000 452021000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 60174000 452021000
17 Other comprehensive income net of taxes 429000 1717000
18 Total Comprehensive Income for the period 60603000 453738000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 193899000 193899000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 842545000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.1 23.31
Diluted earnings (loss) per share from continuing operations 3.1 23.28
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.1 23.31
Diluted earnings (loss) per share from continuing and discontinued operations 3.1 23.28
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Notes to statement of Audited Standalone Financial Results for the quarter and year ended 31st March, 2025 n n1.tThe above audited Standalone Financial Results of Network People Services Technologies Limited the company for the quarter and year ended on 31st March, 2025 were reviewed and recommended by the Audit committee and approved by the Board of Directors, at their respective meeting held on 27th May, 2025. The said audited financial results have been audited by the Statutory Auditors of the Company. n n2.tBasis of Preparation of the Statement and Adoption of Indian Accounting Standards n nThe company has adopted Indian Accounting Standards Ind AS specified under Companies Indian Accounting Standard Rules, 2015 as amended prescribed under section 133 of the Companies Act, 2013, read with the rule thereunder and in terms of regulation 33 of the SEBI Listing Obligation and Disclosure Requirements Regulation,2015 read with relevant rules and circumstances issued thereunder, as the company got migrated from SME Emerge Platform of NSE to Main Board of NSE and BSE on 30th April,2025. n nThese audited standalone financial results for quarter and year ended 31st March 2025 is the first Annual Audited Standalone Financial Results after adoption of Indian Accounting Standards Ind AS. Consequently, the standalone financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles as stated therein. n n3.tCompany is mainly engaged in providing software and payment solutions to banking and finance sector. Looking into the nature of business company, it is operating under single segment hence as per Ind AS 108 operating segment reporting is not applicable to Company. n n4.tThe Figure for quarter ended 31st March, 2025 and 31st March, 2024 are the balancing figures between the audited figures in respect of the full financial year ended 31st March, 2025 and 31st March, 2024 and the unaudited year to date figures up to the third quarter of the respective financial year. n n n5.tThe status of investor's complaints of the company during the quarter ended on 31st March, 2025 are as under: n nComplaints Pending at the beginning of the period i.e. 01st January, 2025tNIL n nComplaints received during the period i.e. during 01st January, 2025 to 31st March, 2025tNIL nComplaints Disposed of during the period i.e. during 01st January, 2025 to 31st March, 2025tNIL nComplaints unresolved at the end of the period i.e. 31st March, 2025tNIL n n n n n n n6.tReconciliation of Profit between Ind AS and previous Indian GAAP for the year ended 31st March, 2024 as follows: n nParticularstRs. In Lakhs nProfit & Loss after Tax as reported under previous GAAPt2670.64 nInterest Income on Lease DeposittMinus 0.42 nReversal of Rent Expense and Lease Equalization reserve due to Ind AS 116 t153.42 nDeferred Tax impact on above Ind AS adjustmentstminus 0.67 nDepreciation and Amortisation expenses in respect of right of use assetstminus 159.47 nProvision for Allowable Expected Credit Losst10.52 nMeasurement of financial assets and liabilities at amortised costt13.96 nProfit after tax as reported under Ind ASt2687.98 n n n7.tPrevious year’s/period’s figure have been regrouped/rearranged/recasted wherever necessary, to make them comparable. n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 51461000
Capital work-in-progress 0
Investment property 0
Goodwill 0
Other intangible assets 61474000
Intangible assets under development 12793000
Biological assets other than bearer plants 0
Investments accounted for using equity method 45460000
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 12401000
Total non-current financial assets 12401000
Deferred tax assets (net) 18993000
Other non-current assets 0
Total non-current assets 202582000
2 Current assets
Inventories 0
Current financial asset
Current investments 0
Trade receivables, current 318116000
Cash and cash equivalents 645755000
Bank balance other than cash and cash equivalents 251057000
Loans, current 6300000
Other current financial assets 13920000
Total current financial assets 1235148000
Current tax assets (net) 0
Other current assets 12757000
Total current assets 1247905000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 1450487000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 193899000
Other equity 842544000
Total equity attributable to owners of parent 1036443000
Non controlling interest
Total equity 1036443000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 43658000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 8476000
Total non-current financial liabilities 52134000
Provisions, non-current 0
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 52134000
Current liabilities
Current financial liabilities
Borrowings, current 31288000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 17979000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 145359000
Total Trade payable 163338000
Other current financial liabilities 74311000
Total current financial liabilities 268937000
Other current liabilities 299000
Provisions, current 87998000
Current tax liabilities (Net) 4676000
Deferred government grants, Current 0
Total current liabilities 361910000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 414044000
Total equity and liabilites 1450487000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Software and Payment solution to Banking and Finance Sector 263008000 1731217000
Total Segment Revenue 263008000 1731217000
Less: Inter segment revenue
Revenue from operations 263008000 1731217000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Software and Payment solution to Banking and Finance Sector 82703000 603407000
Total Profit before tax 82703000 603407000
i. Finance cost 1761000 1761000
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 80942000 599976000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Software and Payment solution to Banking and Finance Sector 1450487000 1450487000
Total Segment Asset 1450487000 1450487000
Un-allocable Assets 0 0
Net Segment Asset 1450487000 1450487000
4 Segment Liabilities
Segment Liabilities
1 Software and Payment solution to Banking and Finance Sector 1450487000 1450487000
Total Segment Liabilities 1450487000 1450487000
Un-allocable Liabilities 0 0
Net Segment Liabilities 1450487000 1450487000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of Invesestments 573000 2294000
Total Amount of items that will not be reclassified to profit and loss 573000 2294000
2 Income tax relating to items that will not be reclassified to profit or loss 144000 577000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 429000 1717000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 603407000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3431000
Adjustments for decrease (increase) in inventories 5072000
Adjustments for decrease (increase) in trade receivables, current -308295000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -2692000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 14951000
Adjustments for other financial assets, current -6084000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 124851000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -5651000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 68804000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 35068000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -28939000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 71844000
Adjustments for share-based payments 6552000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -2294000
Other adjustments for non-cash items 5806000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -161264000
Net cash flows from (used in) operations 442143000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 154683000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 287460000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 2860000
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 48657000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 71844000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 63653000
Net cash flows from (used in) investing activities 83980000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 39000
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 30563000
Repayments of borrowings 650000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 3431000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 40947000
Net cash flows from (used in) financing activities 67468000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 438908000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 438908000
Cash and cash equivalents cash flow statement at beginning of period 206847000
Cash and cash equivalents cash flow statement at end of period 645755000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Keyur Shah & Co. Yes 31-Dec-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Netwok People Services Technologies Limited SSK Citizen Services Private Limited Subsidiary Advance 5000000 Approved 5100000 1200000 6300000
2 Netwok People Services Technologies Limited Timepay Digital Infotech Private Limited Subsidiary Advance 100000000 Approved 24183000 0 451000
3 Netwok People Services Technologies Limited Select AI Tech LLP Promoter Group LLP Purchase of goods or services 25000000 Approved 24490000 1408000 4592000
4 Netwok People Services Technologies Limited Mousebyte Solutions LLP Promoter Group LLP Purchase of goods or services 5000000 Approved 2775000 0 0
Total value of transaction during the reporting period 56548000