Press Release - Q4&FY25-26
PROTEAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 18.3 pts more than Nifty Microcap 250 and 19.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Protean eGov Technologies reported its highest-ever annual consolidated revenue of ₹998 crore in FY26, up 19% YoY from ₹841 crore. Q4FY26 revenue surged 38% YoY to ₹308 crore. EBITDA grew 27% to ₹188 crore with margins expanding 125 bps to 18%. Adjusted PAT rose 14% to ₹105 crore with a 9.8% margin. Tax Services led growth with 17.5% YoY increase driven by 232 bps market share gain and surge in PAN card issuances. New Business segment doubled revenue to ₹104 crore (10% of total vs 4% in FY25). The balance sheet remains robust with over ₹850 crore in cash equivalents and zero debt. The board recommended 100% dividend. Mr. Ajay Rajan has been appointed MD & CEO effective June 1, 2026.
Strong all-round growth with margin expansion and a clean balance sheet signals operational strength. Revenue growth of 19% is healthy but below 20%, so the stock may not trigger momentum-based buying. New business scaling to 10% of revenue is a positive diversification signal.