Protean eGov Technologies Limited has informed the Exchange regarding a press release dated May 21, 2025, titled "Press Release for Q4FY25".
PROTEAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Protean eGov Technologies posted FY25 revenue of INR 841 crore, down 5% YoY from INR 882 crore, while Q4FY25 revenue was flat at INR 222 crore. FY25 EBITDA stood at INR 149 crore (margin 16.3%) and profit after tax at INR 92 crore (margin 10.2%), both down 5% YoY. Cash flow from operations more than tripled to INR 193 crore from INR 58 crore. The balance sheet remains strong with zero debt and over INR 800 crore in cash and marketable securities, and a 100% dividend has been recommended for FY25. Pension Services grew 12% YoY on the back of 97% market share in NPS & APY, while Tax Services revenue fell 13% due to a PAN issuance slowdown, though the company gained 490 basis points of market share. New businesses grew 9% YoY, and international expansion began with wins in Morocco and Ethiopia.
Mixed picture for shareholders — a 5% revenue dip and a weaker Tax Services segment are negatives, but doubled-digit Pension growth, 490 bps Tax market share gain, tripled operating cash flow, zero debt, and a 100% dividend provide solid support. Near-term sentiment may stay cautious on the revenue contraction, while the strong cash position and dividend should cushion the stock.