Protean eGov FY26 revenue rises 19% to INR 998 crore
Protean eGov Technologies Ltd announced its audited financial results for the quarter and financial year ended March 31, 2026, reporting its highest-ever consolidated revenue of INR 998 crore, a 19% year-on-year growth. Profit after tax (PAT) for the year stood at INR 100.59 crore, an 8.8% increase, while adjusted PAT grew by 14% to INR 105 crore. The company's EBITDA for FY26 was INR 188 crore, a 27% increase with a margin of 17.6%, and it maintains a zero-debt balance sheet with cash equivalents exceeding INR 850 crore. Tax Services revenue grew 17.5% YoY, and New Businesses contributed 10% to total revenue, up from 4% in FY25.
*this image is generated using AI for illustrative purposes only.
Protean eGov Technologies Ltd has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company delivered its highest-ever consolidated revenue from operations of INR 998 crore in FY26, representing a 19% year-on-year growth. Profit after tax (PAT) for the year stood at INR 100.59 crore, reflecting an 8.8% growth, while adjusted PAT grew by 14% to INR 105 crore.
Financial Performance
The strong performance was driven by robust momentum across core and new business verticals. EBITDA for FY26 stood at INR 188 crore, a 27% increase from the previous year, with an EBITDA margin of 17.6%. The balance sheet remains robust with zero debt and cash equivalents exceeding INR 850 crore as of March 31, 2026. For the fourth quarter (Q4FY26), the company reported a revenue of INR 308 crore and a net profit of INR 30.38 crore.
| Metric | FY26 Value | YoY Change |
|---|---|---|
| Revenue from Operations | INR 998 Crore | 19% |
| Profit After Tax (PAT) | INR 100.59 Crore | 8.8% |
| Q4 Revenue | INR 308 Crore | 38% |
| Q4 Net Profit | INR 30.38 Crore | 53% |
Business Highlights
Tax Services reported a 17.5% YoY revenue growth, fueled by a 232 bps gain in market share and a surge in PAN card issuances ahead of regulatory changes. The segment issued over 4.7 crore PAN cards during the year. CRA Services saw the Atal Pension Yojana (APY) surpass 9 crore cumulative enrolments, with Protean retaining a 100% market share in APY. New Businesses contributed 10% to total revenue, up from 4% in FY25, driven by strategic projects like CERSAI CKYCRR 2.0 and Bima Sugam.
Leadership Update
The board has appointed Mr. Ajay Rajan as the Managing Director & Chief Executive Officer effective June 1, 2026. He brings over three decades of experience in banking and digital transformation, previously serving at YES Bank and Deutsche Bank. The company has also uploaded the audio recording of its earnings conference call held on May 21, 2026, to its official website for stakeholder access.
Historical Stock Returns for Protean e-Gov Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.59% | -6.94% | +10.15% | -26.39% | -38.99% | -60.28% |
How will the appointment of Mr. Ajay Rajan influence Protean's strategic direction in digital banking and new business verticals?
What capital allocation strategies does the company plan to pursue given its zero-debt status and cash reserves exceeding INR 850 crore?
Can the New Businesses segment sustain its growth trajectory and increase its revenue contribution beyond the current 10%?
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