Protean eGov Technologies Limited — PPTs, 06-11-2025: Investor Presentation

Protean eGov Technologies posted resilient financial results for the quarter and half-year.

**Business Performance:** Q2FY26 revenue rose 14% YoY to ₹251 Cr, with H1FY26 revenue up 11% YoY to ₹461 Cr. While Q2FY26 PAT declined 15% YoY to ₹24 Cr, new businesses are a significant growth area, contributing 12% to H1FY26 revenue, up from 4% in FY25. The company maintained market leadership with a 58% share in PAN issuance and a dominant 98% in Central Recordkeeping Agency (CRA) services for new additions.

**Growth Drivers & Strategy:** Protean is strategically expanding beyond BFSI, diversifying revenue streams, and focusing on international opportunities across Southeast Asia, the Middle East, and Africa.

**Recent Developments:** A landmark ₹1,370 Cr mandate from UIDAI to establish and operate 188 Aadhaar Seva Kendras (ASKs) for six years positions Protean as the sole manager for both Aadhaar and PAN. The company also boasts a robust order book of over ₹1,600 Cr. Recent innovations include a 'Cloud-in-a-Box' AI and Quantum-Safe Data Vault.

**Key Financial Metrics:** Q2FY26 EBITDA was ₹44 Cr (-3% YoY). The company maintains a zero-debt balance sheet with over ₹800 Cr in cash reserves.

**Management Outlook:** Management noted strong performance and expressed excitement about future opportunities, emphasizing continued focus on innovation and digitalization to deliver long-term stakeholder value.