PROTEANProtean e-Gov Technologies Ltd.
Protean e-Gov Technologies Q2 FY27 Results: Standalone Net Profit ₹16.33 Crore on Total Income of ₹290 Crore
- Earnings
- IT services
Reviewed byRachit TripathiBlacklitt Research
Protean e-Gov Technologies reported standalone total income of ₹289.75 crore and net profit of ₹16.33 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Year-ago net profit was ₹26.20 crore. The results are unaudited and carry a limited review by the statutory auditors.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹289.75 crore, up 9.7% YoY and 8.9% QoQ
- Net profit and EPS: ₹16.33 crore, down 37.7% YoY; basic EPS ₹4.02 against ₹6.46 a year earlier
- Other income: ₹19.29 crore, up 31.4% YoY and 91.1% of profit before tax
- Finance costs: ₹3.07 crore, up 103.3% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 289.75 | 264.18 | +9.7% | 266.07 | +8.9% | |
| Revenue from operations | 270.46 | 249.50 | +8.4% | 250.45 | +8.0% |
| Other income | 19.29 | 14.68 | +31.4% | 15.62 | +23.5% |
| 16.33 | 26.20 | -37.7% | 5.98 | +173.1% | |
| Profit before tax | 21.18 | 34.63 | -38.8% | 7.76 | +172.9% |
| Finance costs | 3.07 | 1.51 | +103.3% | 2.65 | +15.8% |
| Depreciation | 18.92 | 10.17 | +86.0% | 17.32 | +9.2% |
| Tax expense | 4.85 | 8.43 | -42.5% | 1.78 | +172.5% |
| Net profit margin | 5.64% | 9.92% | -4.28 pp | 2.25% | +3.39 pp |
| EPS, basic (₹) | 4.02 | 6.46 | -37.8% | 1.47 | +173.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit fell faster than income. Standalone net profit fell 37.7% to ₹16.33 crore and profit before tax fell 38.8% to ₹21.18 crore, while total income rose 9.7%. Tax expense fell 42.5% to ₹4.85 crore, a smaller fall than profit before tax, so tax was 22.9% of profit before tax, against 24.3% a year earlier. Basic EPS was ₹4.02 against ₹6.46, a fall of 37.8%.
Other income rose 31.4% to ₹19.29 crore. It is 6.7% of total income and 91.1% of profit before tax of ₹21.18 crore. Revenue from operations rose 8.4% to ₹270.46 crore, a slower rate than other income.
Finance costs more than doubled, up 103.3% to ₹3.07 crore, although they remain 1.1% of total income. Depreciation rose from ₹10.17 crore to ₹18.92 crore, an increase of ₹8.75 crore. Against the June quarter, net profit rose 173.1% from ₹5.98 crore, while total income rose 8.9%.
The company says it is mainly engaged in IT services, including citizen services, e-governance solutions, system integration, business process re-engineering, data centre co-location and IT consulting, all in one business segment in India. In the half year it granted 3,39,665 stock options and allotted 1,62,434 equity shares on exercise under the ESOP-2017. Trade receivables stood at ₹269.07 crore at 30 Sep 2026.
Inference
The statutory auditors issued an unqualified limited review report on the standalone results and a limited review report with no modification on the consolidated results of the parent and four subsidiaries. The auditors did not review the interim results of four subsidiaries, which show total revenues of ₹1.34 crore and a negative total profit of ₹6 lakh, as certified by management.
The cash flow statement shows no dividend paid in the six months to 30 Sep 2026, against ₹40.53 crore paid in the six months to 30 Sep 2025. The year ended 31 Mar 2026 includes a labour code exceptional item of ₹4.70 crore; the quarter has none.
The filing does not state the reason for the fall in quarterly profit, the rise in finance costs, the rise in revenue or the rise in depreciation, and the consolidated statement figures are not in the pages reviewed.
Filed with BSE on . Reference: Original filing (PDF)
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