Protean eGov Technologies Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Protean eGov Technologies announced its audited financial results for Q4 and FY ended March 31, 2025, with standalone revenue from operations at Rs. 839.53 crore, down about 4.7% from Rs. 880.81 crore in FY24. Consolidated revenue fell 5% YoY to Rs. 840.70 crore, while consolidated PAT declined about 5% to Rs. 92.46 crore (standalone PAT Rs. 94.21 crore). The Board recommended a final dividend of Rs. 10 per share (100% on face value) for FY25, subject to shareholder approval. The Board also approved a Scheme of Arrangement to demerge the Governance, Risk & Compliance and Managed SOC Services divisions from its wholly owned subsidiary Protean Infosec Services into the listed entity (the demerged division represents only 0.22% of turnover). Additionally, S.N. Ananthasubramanian & Co. was appointed as Secretarial Auditor for five years from FY26. The auditor (BSR & Associates LLP) issued an unmodified/unqualified opinion on both standalone and consolidated results.
Despite a mild revenue and profit decline, the company remains debt-free with over Rs. 800 crore in cash and marketable securities and saw a sharp jump in operating cash flow (Rs. 193 cr vs Rs. 58 cr), supporting the 100% dividend payout. Shareholders get a steady dividend, but the modest topline contraction and slight EBITDA margin compression (to ~16.3%) reflect near-term pressure, particularly in Tax Services due to election-driven slowdown in PAN issuances. Pension Services grew 12%, and the demerger is largely cosmetic given the small size of the hiving-off division.