Protean eGov Q1FY27: Revenue up 19% YoY, PAT drops 75%
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Protean eGov Q1FY27: Revenue at INR 251 Cr, up 19% YoY but down 18% QoQ. EBITDA fell 38% to INR 28 Cr (margin 10%) impacted by about INR 18 Cr upfront investments in RFP mandates. Normalized EBITDA margin would be 17.2%. PAT dropped 75% to INR 6 Cr. New initiatives grew 276% YoY at 17% of revenue. Zero debt, INR 800+ Cr cash. New CEO outlines focus on high-margin businesses and global expansion.
Revenue growth offset by sharp margin compression and profit decline from upfront RFP investments. Strong balance sheet with zero debt provides buffer.