Protean eGov Technologies Ltd
P&L
Quarterly Consolidated
vs Q1 FY26
Protean eGov Technologies Reports 19% QoQ, 14% YoY Growth in Q2FY26 Revenue
06 Nov 2025 · 6 Nov 2025, 07:11 pm
Summary
Protean eGov Technologies Ltd, a pioneer and market leader in building Digital Public Infrastructure, announced its financial results for the second quarter and half year ending September 30, 2025. The company reported a 19% QoQ and 14% YoY growth in revenue, with a robust balance sheet and strong order book.
Key Highlights
- 1
Protean delivered consolidated revenue from operations of INR 251 crore for Q2FY26, growing by 19% QoQ and 14% YoY.
- 2
EBITDA stood at INR 44 crore in Q2FY26 vs INR 45 crore in Q2FY25 with an EBITDA margin of 16.6%.
- 3
PAT stood at INR 24 crore with PAT Margin of 9.0% in Q2FY26.
- 4
The Balance sheet continues to remain strong with more than INR 800 crore of cash equivalents & marketable securities and zero debt as on 30' September’25.
- 5
Tax Services maintained a leading market share of 58% in Q2FY26 and issued over one crore PAN cards during the quarter.
- 6
CRA Services posted healthy double-digit revenue growth of 12% YoY.
- 7
Identity Services business continues to build on the strong momentum of the Digital India movement.
- 8
New businesses have contributed 12% of total revenue in H1FY26 as compared to 4% in FY25.
- 9
The company has won a landmark mandate from UIDAI worth INR 1,370 crores, for establishing and running District-Level Aadhaar Seva Kendras (ASKs) in 188 districts across India.
Management Comments
Mr. Suresh Sethi
Managing Director and Chief Executive Officer
I'm glad to share that Protean has delivered a resilient performance in Q2FY26, with 19% QoQ and 14% YoY growth in revenue. Our strategy to expand to sectors including and beyond BFSI, aligned with our core strength of building digital public infrastructure for the nation, has started yielding results with new businesses contributing 12% to our revenue. With a strong order book and a robust balance sheet, we're well-positioned to capitalize on emerging opportunities. The company secured a landmark INR 1,370 crore mandate from UIDAI to establish and operate 188 District-Level Aadhaar Seva Kendras (ASKs) — a strong testament to Protean’s proven capability in executing population-scale projects. With this mandate, Protean becomes the only organisation to manage and scale both Aadhaar and PAN — two foundational IDs that anchor our digital nation. This milestone goes beyond a business achievement; it underscores Protean’s commitment to advancing India’s digital transformation and improving the lives of millions through efficient, secure, and accessible Aadhaar services across the country. With a continued focus on innovation, financial inclusion and digitalisation, we're excited about the future and look forward to continuing to make a meaningful impact in the digital public infrastructure space while delivering long term value to all our stakeholders.
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