Protean eGov Technologies Ltd (BOM:544021)
₹ 554.7 +4.1 (+0.74%) Market Cap: 22.53 Bil Enterprise Value: 20.15 Bil PE Ratio: 27.38 PB Ratio: 2.10 GF Score: 52/100

Q3 2026 Protean eGov Technologies Ltd Earnings Call Transcript

Feb 12, 2026 / 10:00AM GMT
Release Date Price: ₹650.7 (+0.81%)

Key Points

Positve
  • Protean eGov Technologies Ltd (NSE:PROTEAN) reported a 13% year-on-year growth in revenue from operations, reaching INR229 crore.
  • EBITDA increased by 34% year-on-year to INR46 crore, with margins expanding by 335 basis points to 19%.
  • The company remains debt-free with over INR800 crore in cash and cash equivalents, providing financial flexibility.
  • Protean eGov Technologies Ltd (NSE:PROTEAN) has a strong order book of INR1,600 crore, nearly twice its annual revenue.
  • The company successfully completed the first phase of the UIDI mandate, operationalizing 34 Aadhar Seva Kendras across 19 states and union territories.
Negative
  • Revenues from the identity business were impacted by lab-based pricing and competitive pressures.
  • There were several senior management exits, attributed to retirements and organizational restructuring.
  • The new business initiatives saw a sequential decline in revenue, attributed to the project-based nature of revenue recognition.
  • The CRA business faced a temporary impact due to a pricing restructuring by the regulator.
  • Other income was lower than expected, attributed to non-treasury income fluctuations.
Operator

Ladies and gentlemen, good day and welcome to Protean eGov Technologies Limited, Q3 and nine month FY26 earnings conference call. (Operator Instructions). And handed the conference over to Miss Pushpa Mani, Head Investor Relation, for her opening remarks. Thank you and over to you, ma'am.

Pushpa Mani
Protean eGov Technologies Ltd - Vice President-Head Investor Relations

Thanks. Good afternoon everyone. I welcome you all to the Q3 and nine-month FY26 results discussion. You must have received the results, press release, and investor presentation of the company, which is available on BSC and NSC as well as on the company's website. As usual, we will start the forum with the opening remarks by our Managing Director and CFO, and then we will open the floor for the question-and-answer session.

If any of your questions remain unanswered due to paucity of time, you may reach out to us afterwards. The management on today's call would be represented by Mr. Suresh Sethi, MD and CEO, Mr. V Easwaran, EDN COO, Mr. Rakesh Dosi, CBO, Mr. Sandeep Mantri, CFO, and

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