| Revenue growth | 19% YoY growth reported in Q1FY27. |
|---|---|
| Margins | Temporary dip to 10.4% EBITDA margin; normalized margin is 17.2%. |
| Order book | Implementing major mandates: CKYCRR 2.0, Bima Sugam, and Agri Stack. |
| Demand visibility | Steady growth in PAN issuance and record CRA corporate onboarding. |
| Management confidence | Confident in margin recovery as new investments reach steady-state. |
Growth
Revenue grew 19% YoY. Tax services (0% YoY), CRA (7% YoY), and Identity (16% YoY) were steady, while 'Others' surged 276% YoY.
Outlook
Management focuses on high-margin product expansion, AI monetization, and globalizing India Stack. ASK rollout completion by Q3FY27.
Risks
EBITDA margin contracted 833 bps YoY due to upfront deployment costs and geopolitical-driven technology hardware inflation.
Last quarter's promises, checked
Delivered
- Guided ASK rollout to 44 centers → delivered 102 centers (= BEAT)
- Guided new business revenue mix of 10% → delivered 17% (= BEAT)
- Guided 100% dividend payout (₹10/share) → delivered 100% payout (= BEAT)
Partly delivered
- Guided full ASK rollout by Oct 2026 → completion pushed to Q3FY27 (= PARTIAL)
Missed
- Guided EBITDA margin improvement vs 17.6% → delivered 10.4% (= MISS)
Investor Presentation filed with NSE, NSE: PROTEAN. Summary written with AI assistance from the document.
Protean eGov Technologies Ltd: key numbers
- Share price
- ₹690.70
- Market cap
- ₹2,817 Cr
- Revenue (annual)
- ₹997.8 Cr
- Net profit (annual)
- ₹100.6 Cr
- P/E (TTM)
- 34.1×Sector 22.1×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 6.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Key figure
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