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Protean eGov Technologies delivered robust Q1 FY26 results: Revenue climbed 7% YoY to 211 Cr, EBITDA surged 31% YoY to 45 Cr (18.8% margin), and PAT rose 13% YoY to 24 Cr. The company remains financially strong with over 800 Cr in cash and zero debt.
Business highlights include a 2% revenue growth in tax services, gaining 59% market share, and a 16% revenue increase in CRA business, capturing 98% of new NPS/APY subscribers. Protean secured a significant 100 Cr Bima Sugam mandate (insurance DPI) contributing to its 300 Cr order book from RFP-led projects.
Management anticipates healthy future revenue growth from these new projects, with about one-third of the current order book to be recognized this fiscal year. While employee expenses rose due to strategic hiring for new projects, new product investments (like eSignPro) are expected to drive margin-accretive, SaaS-based revenue streams. The company aims for new businesses to contribute 25-30% of revenue within three years.