IT Consulting & Software company Protean eGov Technologies announced Q2FY26 results Protean delivered consolidated revenue from operations of Rs 251 crore for Q2FY26, growing by 19% QoQ and 14% YoY led by continued momentum in CRA Services and New Businesses. EBITDA stood at Rs 44 crore in Q2FY26 vs Rs 45 crore in Q2FY25 with an EBITDA margin of 16.6%. PAT stood at Rs 24 crore with PAT Margin of 9.0% in Q2FY26. The Balance sheet continues to remain strong with more than Rs 800 crore of cash equivalents & marketable securities and zero debt as on 30th September’25. Suresh Sethi, Managing Director & Chief Executive Officer, said: "I'm glad to share that Protean has delivered a resilient performance in Q2FY26, with 19% QoQ and 14% YoY growth in revenue. Our strategy to expand to sectors including and beyond BFSI, aligned with our core strength of building digital public infrastructure for the nation, has started yielding results with new businesses contributing 12% to our revenue. With a strong order book and a robust balance sheet, we're well-positioned to capitalize on emerging opportunities. The company secured a landmark Rs 1,370 crore mandate from UIDAI to establish and operate 188 District-Level Aadhaar Seva Kendras (ASKs) — a strong testament to Protean’s proven capability in executing population-scale projects. With this mandate, Protean becomes the only organisation to manage and scale both Aadhaar and PAN —two foundational IDs that anchor our digital nation. This milestone goes beyond a business achievement; it underscores Protean’s commitment to advancing India’s digital transformation and improving the lives of millions through efficient, secure, and accessible Aadhaar services across the country. With a continued focus on innovation, financial inclusion and digitalisation, we're excited about the future and look forward to continuing to make a meaningful impact in the digital public infrastructure space while delivering long term value to all our stakeholders." Result PDF
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
IT Consulting & Software company Protean eGov Technologies announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from Operations: Rs 222 crore in Q4FY25 vs Rs 222 crore in Q4 FY24, 0% YoY (Flat) EBITDA: Rs 34 crore vs Rs 35 crore, 1% YoY Profit After Tax (PAT): Rs 20 crore vs Rs 19 crore, 6% YoY FY25 Financial Highlights: Protean delivered consolidated revenue from operations of Rs 841 crore for FY25 down 5%. Pension Services continued to show growth momentum, growing at 12% on a YoY basis. EBITDA stood at Rs 149 crore in FY25 vs Rs 157 crore in FY24 with an EBITDA margin of 16.3%. PAT stood at Rs 92 crore in FY25 vs Rs 97 crore in FY24 with PAT Margin of 10.2%. Cash flow from operations stood at Rs 193 crore in FY25 from Rs 58 crore in FY24. The Balance sheet continues to remain strong with more than Rs 800 crore of cash equivalents & marketable securities and zero debt as on 31st March’25. Commenting on the results, Suresh Sethi, Managing Director and Chief Executive Officer, said: “FY25 has been a year of resilience and progress, highlighted by steady performance, new product launches, and strategic wins. We achieved significant market share growth in our Tax Services vertical, while Pension Services maintained strong momentum, delivering robust double-digit growth for the year. The company secured missioncritical population-scale mandates contributing to the next phase of Agristack, strengthening the Central KYC stack, and developing a national BUDS (Banning of Unregulated Deposit Schemes) registry for CERSAI. Building on India’s success with Digital Public Infrastructure, we further expanded our thought leadership by conceptualizing the “DPI-in-a-Box” approach for global markets. It is a customizable, open-source playbook of digital building blocks that countries can use to rapidly build foundational digital systems including digital ID, payments, consent-based data sharing, tax and pension services. We deployed a first-of-its-kind Education DPI in Morocco, leveraging this concept, marking our first win in the international markets. We further expanded our international footprint with a win in Ethiopia in the Health sector. With a continued focus on innovation, financial inclusion, and scale, we are committed to delivering long -term value to all our stakeholders”. Result PDF