Mumbai: Digital Public Infrastructure player Protean eGov Technologies has reported mixed financial results for the quarter ended June 30, 2026. The company has witnessed stronger revenues from its operations, with revenues reaching ₹251 crore from ₹211 crore, a 19% year-on-year rise indicating a strong topline, while its net profit has declined to ₹6 crore during the quarter from ₹24 crore last year, a 75% drop due to operational challenges.
With this, the company’s EBITDA stood at ₹28 crore this time from ₹45 crore last year, a 38% YoY decline, with a 10% EBITDA margin. The company faced challenges with cost inflation for hardware and key inputs to implement its projects, directly attributed to the West Asia war. Despite that, the company has a strong balance sheet, with no debt and almost ₹800 crore of cash and marketable securities.
“We delivered a resilient performance during the quarter, with revenue growing 19% YoY. Our Tax Services business successfully navigated the transition to revised documentation norms while further strengthening its market leadership. The CRA Services business continued its growth momentum, onboarding over 1,000 new corporates, the highest in a single quarter, while Identity Services delivered healthy volume and revenue growth. Our diversification strategy is also yielding results, with new initiatives now contributing 17% of revenues, up from 10% in FY26.
Our immediate priorities are clear: execution will be key with a sharp focus on high-margin businesses and product profitability. We will look at monetizing AI powered Intelligence layer adjacent to our core DPI infrastructure, recalibrate and optimise our product and business strategy, drive efficiencies through cost rationalisation and AI adoption across the organisation. Most importantly, we will work aggressively on globalising our India DPI and Enterprise tech capabilities in relevant geographies. I believe these priorities, backed by disciplined capital allocation and strong governance, will enable us to create long-term value for all our stakeholders.” Mr. Ajay Rajan MD & CEO, Protean eGov Technologies said in a press release.
