Protean eGov Q2FY27 Revenue Up 8% to ₹271 Cr
Protean eGov Technologies Ltd reported unaudited financial results for Q2FY27, with consolidated revenue from operations at ₹271 crore, an 8% year-on-year increase. EBITDA stood at ₹43 crore, impacted by ₹10 crore upfront investment in an RFP project. Excluding this, EBITDA would be ₹53 crore, a 22% YoY rise. Profit After Tax (PAT) was ₹16 crore, or ₹24 crore normalized. The company highlighted strong performance in Tax Services (13% YoY growth), CRA Services (4.7 million new subscribers), and Identity Services (24% YoY revenue growth). New initiatives contributed 16% of total revenue. The balance sheet remains robust with zero debt and approximately ₹750 crore in cash and marketable securities. Two key RFP mandates are nearing completion, positioning the company for future revenue generation and improved operating leverage.
Key Highlights
- Q2FY27 revenue grew 8% YoY to ₹271 crore.
- EBITDA impacted by ₹10 crore investment, normalized EBITDA up 22% YoY.
- Strong growth in Tax, CRA, and Identity Services segments.
- Zero debt balance sheet with ₹750 crore cash reserves.
- Key RFP mandates nearing completion, expecting future revenue.
Price Impact
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