Protean eGov Technologies Ltd (NSE:PROTEAN)
₹ 616.15 -3.4 (-0.55%) Market Cap: 25.05 Bil Enterprise Value: 22.67 Bil PE Ratio: 25.45 PB Ratio: 2.37 GF Score: 51/100

Q2 2026 Protean eGov Technologies Ltd Earnings Call Transcript

Nov 7, 2025 / 10:00 AM GMT
Release Date Price: ₹845.1 (-0.97%)

Key Points

Positve
  • Protean eGov Technologies Ltd (NSE:PROTEAN) reported a 19% quarter-on-quarter and 14% year-on-year growth in revenue from operations, driven by CRA services and new business lines.
  • The company maintains a strong balance sheet with zero debt and over 800 crores in cash and cash equivalents, enabling confident investment in new opportunities.
  • Protean holds a dominant market share of 98% in the pension subscriber base, highlighting its leadership in the sector.
  • New businesses contributed 12% to operating revenues in the first half of the year, up from 4% in the same period last year, indicating successful diversification.
  • The company secured a significant mandate from UIDI to set up and operate district-level Aadhaar centers, expected to generate 200 crores of annual recurring revenue.
Negative
  • EBITDA margin declined by 280 basis points year-on-year to 16.6%, primarily due to investments in RFP-related businesses and international expansion.
  • Identity services revenue declined by 6% quarter-on-quarter and year-on-year due to price rationalization, despite maintaining market leadership.
  • System support and maintenance expenses rose by 96% year-on-year, attributed to costs associated with RFP-led revenues.
  • The company is still in advanced negotiations for international RFPs, with no major wins announced this quarter.
  • There is uncertainty regarding the timeline and revenue potential of new initiatives unveiled at the Global Fintech Fest, as they are in early stages.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PROO.NS - Protean eGov Technologies Ltd
Q2 2026 Protean eGov Technologies Ltd Earnings Call
Nov 07, 2025 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Protein EGov Technologies Limited Q2 and H1FY26 earnings conference call hosted by Go India Advisors. As a reminder, all participant clients will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on a touchtone phone.

I now hand the conference over to Ms. Pushpamani from Protein EGov Technologies Limited.

Thank you and over to you, Miss Pushbamani.

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Unidentified_2 [2]
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