Protean eGov Technologies Limited — Investor Meet, 11-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Protean reported robust Q2FY26 with revenue up 14% YoY to ₹251 Cr, EBITDA at ₹44 Cr (16.6% margin), and PAT at ₹24 Cr (9% margin). New businesses contributed 17% to revenue, a significant jump. The company secured a ₹1,370 Cr UIDAI mandate for Aadhaar Seva Kendras, expected to add ₹200 Cr annual recurring revenue from FY27, bolstering its ₹1,600 Cr order book. Management expects margin expansion from future projects and aims for new businesses to comprise 25% of total revenue in 2-3 years, driven by its strong play in India's digital public infrastructure. Sentiment is confident about sustained growth and diversification.