Pursuant to Reg 30 of SEBI LODR, Please find attached the investor presentation for Quarter ended on March 31, 2026
NPST · price
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NPST reported strong revenue growth in FY26 with total income of ₹209.40 Cr (up from ₹180.62 Cr in FY25) and Q4 revenue of ₹68.46 Cr (up 143.5% YoY). However, margins declined significantly: EBITDA margin fell from 37.4% to 31.1% and net profit margin from 25% to 19.5% YoY. The company is undergoing strategic restructuring, pivoting away from high-margin domestic merchant acquiring (PPaaS) which previously contributed 65-70% of business due to regulatory uncertainty, toward SaaS-based TSP, international expansion, and AI-led RegTech. Management targets improving revenue per employee by 300%+ over 3 years and aims for ~70% CAGR with international revenue contributing 46% by FY29. The company raised ₹300 crore from Tata Mutual Funds during the year.
The margin compression reflects a deliberate business model shift accepting short-term profitability pressure for diversification and international scalability. The stock may face near-term EPS headwinds (diluted EPS fell from ₹23.27 to ₹20.58) but the strategic repositioning toward higher-margin SaaS and international markets could support long-term value creation.