Fintech stock hits upper circuit after Q2 results 2023. Do you own?
Network People Services Technologies Limited witnessed huge buyuing during morning deals and hit upper circuit on NSE. The NSE listed stock today opened upside and went on to hit 5 per cent upper circuit within few minutes of stock market opening bell. The stock was in uptrend after announcement of strong Q2 results 2023 and H-1FY24 bnumbers.
The fintech company recentlay announced Q2 results 2023 along with first half results for the current financial year. In second quarer results for the current financial year, the fintech company has reported its total revenue at ₹28.42 crore, logging QoQ rise of near 14.25 per cent against total revenue of the company of ₹24.88 crore in Q1FY24. In Q2FY24, the fintech company has reported an EBIDTA of ₹9.50 crore, whihc is 20.25 per cent higher from its EBIDTA of ₹7.90 crore in first quarter of the current fiscal.
The fintech company also reported QoQ ruise in EBIDTA margins, net profit before tax and net profit margin. The NSE listed company also announced its first half numbers for the financial year 2023-24. The company reported total revenue of ₹53.32 crore after the end of first half of current fiscal, logging YoY rise of nar 465 per cent against total revenue of ₹9.44 crore after the end of H-1FY23.
Company's EBIDTA stood at ₹17.41 crore after the end of April to September 2023 half, logging over 650 per cent YoY rise against the EBIDTA of ₹2.32 crore in H-1FY23. Fitench company reported rise in YoY EBIDTA margin, net profit before tax and net profit amrgin in first half of the current fiscal as well. Speaking on company's numbers, Ashish Aggarwal, Joint Managing Director at NPST Limited said, “NPST is strongly headed for ambitious growth path and that is clearly indicated by
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