| Revenue growth | Q2 +8% YoY; H1 +13% YoY. |
|---|---|
| Margins | EBITDA margin 15.0% vs 16.6% YoY; 10.4% in Q1; ex-one-offs 18%. |
| Demand visibility | CKYCRR 2.0 and CERSAI mandates; 187 ASKs operational; 1.3cr PANs in Q2. |
| Management confidence | Upbeat: 'clear line of sight to improved operating leverage' |
Growth
Q2 revenue +8% YoY to ₹271cr; H1 +13% to ₹522cr. Tax +13%, Identity +24%, CRA +2%. EBITDA -1% YoY.
Outlook
No numeric revenue/PAT guidance. Targets: 5 remaining ASKs operational by Q3FY27; CKYCRR 2.0 rollout; margin expansion priority.
Risks
PAT -31% YoY; ₹10cr upfront RFP investments, plus geopolitics-driven hardware cost inflation. Margin down 158bps YoY.
Last quarter's promises, checked
Delivered
- Guided normalized ~17.2% EBITDA margin ex-₹18cr one-offs (Q1) → Q2 ex-one-offs 18% (= BEAT)
Partly delivered
- Guided all ASKs implemented by Q3 (75 live Jul-26) → 187 operational; 5 pending for Q3FY27 (= PARTIAL)
- Guided margin stabilised from Q2 or Q3 (Q1 10.4%) → Q2 15.0% vs 16.6% YoY (= PARTIAL)
Missed
- Guided no additional one-time costs in Q2/FY27 → ₹10cr upfront RFP investments in Q2 (= MISS)
- Guided RFP investments to contribute meaningfully to revenue in coming quarters → Q2 revenue +8% YoY vs +19% in Q1; New Initiatives -2% YoY (= MISS)
Investor Presentation filed with BSE, NSE: PROTEAN. Summary written with AI assistance from the document.
Protean eGov Technologies Ltd: key numbers
- Share price
- ₹666.90
- Market cap
- ₹2,720 Cr
- Revenue (annual)
- ₹997.8 Cr
- Net profit (annual)
- ₹100.6 Cr
- P/E (TTM)
- 32.9×Sector 23.4×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 4.71%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Protean eGov Technologies Ltd
All →Protean eGov Technologies Results Update
Protean eGov reported Q2FY27 revenue of INR 271 crore, up 8% YoY, and PAT of INR 16 crore. The company stated it holds zero debt.
Protean eGov Technologies Q2 FY27 Results: Net Profit ₹16.4 Cr, Down 31.4% YoY
Protean eGov approved unaudited standalone and consolidated results for the quarter and half year ended September 2026 on 5 November 2026. Standalone half-year revenue from operations was ₹520.91 Crore.
- Key figure
- Net profit ₹16.4 Cr · -31.4% YoY
Protean eGov Technologies Board Meeting Date
Protean eGov Technologies will hold a board meeting on 5 November 2026 to consider unaudited quarterly and half-year results. Trading window closed until 10 November 2026.
Protean eGov Technologies Other Announcement
Protean eGov Technology filed its Reg 76 Reconciliation of Share Capital Audit Report for Q1 FY27, confirming 4,07,79,165 issued shares. No new capital event or monetary transaction is reported.
Protean eGov Technologies Management Change
Protean eGov Technologies Limited announced the retirement of Mr. Tejas Desai, Executive Vice President and Group Head of Internal Audit, effective October 1, 2026.
Protean eGov Technologies Price Movement Clarification
Protean eGov Technologies Limited clarified to BSE that recent share price movements are due to market conditions, with no undisclosed material information.