NPCI profit jumps 42% to Rs 1,552 Cr in FY25

The National Payments Corporation of India (NPCI) continued its strong growth trajectory with a 19% year-on-year increase in operating revenue for the fiscal year ending March 2025. The company’s profit also rose by 42%, crossing the Rs 1,500 crore mark during the same period.

NPCI reported an operating income of Rs 3,270 crore in FY25, up from Rs 2,749 crore in FY24, as per data from an ICRA report. It operates in a fee-based model, with its revenue tied to the settlement volumes of its diverse product offerings, including Unified Payment Interface (UPI).

Digital transaction volumes remained a key driver, with total transactions processed by NPCI reaching Rs 21,360 crore, up 33% year-on-year from Rs 16,100 crore in the fiscal year ending March 2025.

NPCI, a not-for-profit organisation, refers to its profit after tax as ‘surplus after tax’, treating this surplus similarly to how for-profit entities report profits. For FY25, the surplus after tax stood at Rs 1,552 crore, representing a 42% jump from Rs 1,095 crore in FY24.

The organisation’s financial stability is further reinforced by Rs 2,288 crore held as cash and cash equivalents in banks, and Rs 13,667 crore in available lines of credit from various banking institutions.

NPCI maintained a conservative risk profile, limiting its financial exposure to Rs 5 crore per product. As of March 31, 2025, its Settlement Guarantee Fund (SGF) stood at a robust Rs 17,892 crore, including Rs 2,695 crore reserved for the Bharat Bill Payment System (BBPS).

Initially, 10 banks promoted NPCI, including SBI, PNB, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank NA, and HSBC. As of May 31, 2025, NPCI has 65 shareholders, including various public, private, foreign, co-operative, payments, and regional rural banks.

NPCI’s net worth stood at Rs 6,412 crore, indicating a solid capital base to support its operational and infrastructural scale.