Protean eGov Q1FY27 Revenue Up 19% YoY to ₹251 Cr; PAT Declines 75%

Protean eGov Technologies Ltd reported Q1FY27 consolidated revenue from operations of ₹251 crore, a 19% year-on-year increase, driven by growth across existing businesses and new initiatives. However, Profit After Tax (PAT) saw a significant decline of 75% YoY to ₹6 crore. EBITDA decreased by 38% YoY to ₹28 crore, impacted by upfront investments of approximately ₹18 crore in new mandates and cost inflation. On a normalized basis, excluding these investments, EBITDA would have been ₹46 crore with a margin of 17.2%. The company maintains a strong balance sheet with zero debt and over ₹800 crore in cash and marketable securities. Key business highlights include market share expansion in Tax Services, robust subscriber growth in CRA Services, and encouraging revenue growth in Identity Services.