The call ran from 4:59 PM to 6:24 PM IST (1 h 26 min).

Key takeaways

Q2 revenue ₹271 Cr (+8%) but PAT fell to ₹16 Cr from ₹24 Cr; EBITDA flat at ₹43 Cr. Management leans on ₹24 Cr 'normalised' PAT and strategy narrative, with no margin guidance.

Highlights
Revenue growth	Revenue ₹271 Cr, +8% YoY; H1 ₹522 Cr, +13%.
Margins	Q2 EBITDA margin 15% (18% ex-RFP); H1 margin 12.8%.
Order book	20+ BFSI mandates signed, 30+ in pipeline; no value given.
Demand visibility	PAN 2.0 revenue model unclear; ITD clarity pending next quarter.
Management confidence	Overly optimistic; deflects margin and PAN 2.0 questions to strategy.

Growth

Identity +24%, tax +13%; CRA only +2%. Ex-RFP EBITDA +22% is management's adjusted view, not reported.

Outlook

No numeric guidance; expects revenue to exceed cost over next couple of quarters; PAN 2.0 clarity in about one quarter.

Risks

PAN 2.0 assisted-model revenue unclear; margin recovery unquantified; DSO rose 64 to 93 days; buyback question deflected.

Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published 5 Nov 2026, 7:52 PM IST. Open it on ALFA Filings ›

The results behind this call

5 Nov 2026 16:55 IST BSE

Financial Results

Protean eGov Technologies Q2 FY27 Results: Net Profit ₹16.4 Cr, Down 31.4% YoY

Protean eGov approved unaudited standalone and consolidated results for the quarter and half year ended September 2026 on 5 November 2026. Standalone half-year revenue from operations was ₹520.91 Crore.

Key figure: Net profit ₹16.4 Cr · -31.4% YoY

Open full results → Read the filing ↗

What management said last time

Full summary →

From the call summary published 4 Aug 2026.

Outlook they gave

Expects margin recovery in coming quarters as RFP mandates move to steady-state revenue.

Growth they described

Revenue grew 19% YoY to ₹251Cr; normalized EBITDA margin is stable at 17.2%.

Call details

Company	Protean Egov Technologies Ltd
NSE symbol	PROTEAN
ISIN	INE004A01022
Call	Q2 FY27 earnings call
Date	Thursday, 5 November 2026
Time	5:00 PM IST
Length	1 h 26 min