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
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