Investor Presentation for Q4&FY25-26
PROTEAN · price
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Protean eGov Technologies reported strong FY26 results with revenue of ₹998 crore (up 19% YoY), EBITDA of ₹188 crore (up 27%), and adjusted PAT of ₹105 crore (up 14%). The company maintains a debt-free balance sheet with cash reserves exceeding ₹850 crore. Tax Services led growth at ₹498 crore (17% YoY), while CRA Services contributed ₹304 crore (8% YoY). New businesses surged 201% to ₹104 crore, now representing 10% of total revenue versus 4% in FY25. The company secured a landmark ₹1,370 crore UIDAI mandate for setting up 190 Aadhaar Seva Kendras across districts over 6 years, with 44 already operational. Leadership transition is planned with Mr. Ajay Rajan joining as MD & CEO from June 1, 2026.
The company's strong financial performance, large government mandates like the UIDAI ASK project (₹1,370 crore), and international expansion plans signal continued growth. The new leadership with fintech experience and focus on AI/Cloud could accelerate diversification, though identity services revenue declined 8% and may need attention.