Protean eGov Technologies Limited has submitted to the Exchange, the outcome of Board Meeting for Q4&FY25-26
PROTEAN · price
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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 audited standalone FY26 revenue of Rs. 996.43 Crore, up 18.4% from Rs. 841.37 Crore in FY25. Profit after tax stood at Rs. 94.32 Crore (vs Rs. 92.58 Crore), with the auditors issuing an unmodified opinion confirming clean financials. The Board recommended a 100% final dividend of Rs. 10 per share. Two key leadership changes were approved: Mr. Ajay Rajan (from YES Bank) appointed as MD & CEO effective June 1, 2026, and Mr. Nandkumar Saravade (former RBI ReBIT CEO) appointed as Independent Director. An exceptional item of Rs. 4.70 Crore was recorded for statutory impact of new Labour Codes. Operating cash flow strengthened significantly to Rs. 85.25 Crore. A demerger scheme for GRC and SOC businesses from the wholly-owned subsidiary became effective in March 2026.
Strong revenue growth of 18.4% with clean audit opinion and improved operating cash flow is positive for shareholders. The leadership transition brings banking and cybersecurity expertise to the company. Dividend payout demonstrates confidence in financial stability.