Protean eGov Technologies Ltd. News, Corporate filings and Earnings/Conference Calls

IT Consulting & Software company Protean eGov Technologies announced Q1FY26 results Q1FY26 Financial Highlights: Protean delivered consolidated revenue from operations of Rs 211 crore for Q1FY26 vs Rs 197 crore for Q1FY25. CRA Services continued to show growth momentum, growing at 16% on a YoY basis. EBITDA stood at Rs 45 crore in Q1FY26 vs Rs 34 crore in Q1FY25 with an EBITDA margin of 18.8% an increase of 284 bps on YoY basis. PAT stood at Rs 24 crore in Q1FY26 vs Rs 21 crore in Q1FY25 with PAT Margin of 10.0% in Q1FY26. The Balance sheet continues to remain strong with more than Rs 800 crore of cash equivalents & marketable securities and zero debt as on 30th June’25. Business Highlights: Tax Services – The segment saw a market share gain of nearly 80 basis points, increasing from 58.2% in Q4FY25 to 59.0% in Q1FY26. Protean issued around one crore PAN cards in Q1FY26. CRA Services – The segment posted healthy double-digit revenue growth of 16% YoY. During the quarter, 32.4 lakh new subscribers were on-boarded capturing a significant 98% market share in the new subscriber’s addition. More than 753 corporates were on-boarded during the quarter. The company continues to hold dominant market share of 97% across NPS, APY & UPS. Strengthening Financial Inclusion in Aspirational Districts - Protean eGov Technologies has entered a Statement of Intent (SoI) with NITI Aayog to advance implementation of key social security schemes like the Atal Pension Yojana (APY) across 64 Aspirational Districts. Identity Services – Identity Services segment saw robust volume growth across most ID products during the quarter. However, revenue was impacted due to slab-based pricing and pricing pressure at the foundational level. Despite this, we remain optimistic about the segment's future growth prospects, driven by the continued momentum of the Digital India initiative. Our value-added products, such as eSignPro and RISE with Protean, which leverage our foundational Identity Services, are well-positioned to capitalise on this growth trend. Suresh Sethi, Managing Director & 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 CRA services have demonstrated steady growth, with CRA recording a robust 16% YoY increase. Our partnership with NITI Aayog will further strengthen financial inclusion in Aspirational Districts and is a significant step towards empowering vulnerable sections of the society and enhancing their financial security. I'm proud of our team's efforts in winning the strategic Rs 100 crore RFP mandate from Bima Sugam, to build a firstof-its kind DPI in the Insurance space, envisaged as a unified, nationwide marketplace for Insurance products and services. With a continued focus on innovation, financial inclusion and scale, we are committed to delivering long term value to all our stakeholders". Result PDF

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Protean eGov Technologies Ltd. News, Corporate filings and Earnings/Conference Calls

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