IT Consulting & Software company Protean eGov Technologies announced Q3FY25 results Consolidated revenue from operations for Q3FY25 stood at Rs 202 crore. Tax services and pension services continued to grow at 3% and 12% respectively on a YoY basis. Adj. Operating Profit for the quarter stood at Rs 21 crore with operating margin of 10.3%. PAT grew by 51% YoY, increasing from Rs 15 crore in Q3FY24 to Rs 23 crore in Q3FY25. However, after adjusting for ECL, normalized PAT stood at Rs 23 crore for Q3FY25 and 22 for Q3FY24. The normalized PAT margin stood at 10.4% for Q3FY25, compared to 9.5% in Q3FY24. The Balance sheet continues to remain strong with more than Rs 750 crore of cash equivalents & marketable securities and zero debt as on 31st December’24. Suresh Sethi, Managing Director and Chief Executive Officer, said: Protean continues to retain its position as a leader in the Digital Public Infrastructure space, delivering yet another resilient quarter. Our tax and pension services have demonstrated steady growth, with pension services recording a robust 12% YoY increase. The encouraging response to initiatives like NPS Vatsalya highlights our ongoing commitment to enhancing financial inclusion. This quarter, we achieved key milestones, including securing the prestigious CKYCRR 2.0 mandate and powering India’s first ONDC-enabled e-commerce service integrated on Prasar Bharti’s OTT platform, WAVES. These achievements underscore our expertise in leveraging emerging technologies to execute impactful, large-scale projects. Looking ahead, Protean remains well-positioned to drive sustainable growth, strong partnerships, and a focus on emerging opportunities in Open Digital Ecosystems. We remain committed to delivering long-term value to our stakeholders while supporting India's journey towards a digitally inclusive future. Result PDF