Protean eGov Technologies Limited has informed the Exchange regarding a press release dated August 06, 2025, titled "Press Release for Q1FY26".
PROTEAN · price
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Awaiting price reaction for this filing.
Protean eGov Technologies reported Q1FY26 consolidated revenue from operations of ₹211 crore, up 7% year-on-year from ₹197 crore in Q1FY25. EBITDA jumped 31% YoY to ₹45 crore with margins expanding by 284 basis points to 18.8%, while profit after tax rose 13% YoY to ₹24 crore (10% margin). The Tax Services segment gained market share to 59.0% and CRA Services grew strongly at 16% YoY, though Identity Services revenue fell 14% on pricing pressure. New Businesses surged 101% YoY, and the company holds a robust balance sheet with over ₹800 crore in cash and marketable securities and zero debt.
The earnings beat expectations on profitability with strong EBITDA margin expansion and continued market share gains, while the zero-debt balance sheet and ₹300+ crore order book provide a solid cushion. Positive for shareholders, though the 5% sequential revenue dip and Identity Services pricing headwinds are minor watchpoints.