| Revenue growth | 19% YoY growth reported in Q1FY27. |
|---|---|
| Margins | Temporary dip to 10.4% EBITDA margin; normalized margin is 17.2%. |
| Order book | Implementing major mandates: CKYCRR 2.0, Bima Sugam, and Agri Stack. |
| Demand visibility | Steady growth in PAN issuance and record CRA corporate onboarding. |
| Management confidence | Confident in margin recovery as new investments reach steady-state. |
Growth
Revenue grew 19% YoY. Tax services (0% YoY), CRA (7% YoY), and Identity (16% YoY) were steady, while 'Others' surged 276% YoY.
Outlook
Management focuses on high-margin product expansion, AI monetization, and globalizing India Stack. ASK rollout completion by Q3FY27.
Risks
EBITDA margin contracted 833 bps YoY due to upfront deployment costs and geopolitical-driven technology hardware inflation.
Last quarter's promises, checked
Delivered
- Guided ASK rollout to 44 centers → delivered 102 centers (= BEAT)
- Guided new business revenue mix of 10% → delivered 17% (= BEAT)
- Guided 100% dividend payout (₹10/share) → delivered 100% payout (= BEAT)
Partly delivered
- Guided full ASK rollout by Oct 2026 → completion pushed to Q3FY27 (= PARTIAL)
Missed
- Guided EBITDA margin improvement vs 17.6% → delivered 10.4% (= MISS)
Investor Presentation filed with NSE, NSE: PROTEAN. Summary written with AI assistance from the document.
Protean eGov Technologies Ltd: key numbers
- Share price
- ₹689.25
- Market cap
- ₹2,811 Cr
- Revenue (annual)
- ₹997.8 Cr
- Net profit (annual)
- ₹100.6 Cr
- P/E (TTM)
- 34.0×Sector 21.8×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 6.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Protean eGov Technologies Ltd
All →Protean eGov Technologies Price Movement Clarification
Protean eGov Technologies Limited clarified to BSE that recent share price movements are due to market conditions, with no undisclosed material information.
Protean eGov Technologies Annual General Meeting
Protean eGov Technologies held its 31st Annual General Meeting on September 22, 2026, where shareholders considered resolutions including financial statement adoption and dividend declaration.
Protean eGov Technologies Employee Stock Options
Protean eGov Technologies Limited has allotted 1,57,971 equity shares to eligible employees upon exercise of stock options under the ESOP 2017 scheme.
Protean eGov Technologies Other Announcement
Protean eGov Technologies has issued a letter to shareholders providing a web-link to access the Integrated Annual Report for FY 2025-26. This follows regulatory compliance.
Protean eGov Technologies Business Update
Protean eGov Technologies Limited submitted its Business Responsibility and Sustainability Report for FY 2025-26, detailing its operational, employee, and governance metrics.
Protean eGov Technologies Annual Report
Protean eGov Technologies Limited has filed its Integrated Annual Report for the Financial Year 2025-26 with the stock exchanges.