Protean eGov Shares Surge 10% After Q4 Revenue Jumps 38% YoY to ₹308 Crore

Shares of Protean eGov Technologies hit the upper circuit today, soaring over 10% to ₹601 on the NSE, a day after the company reported a blockbuster quarter that comfortably beat analyst expectations.

Consolidated revenue from operations for Q4 FY26 came in at ₹307.54 crore, a 38% jump compared to ₹222.15 crore in the same quarter last year. Consolidated net profit for the quarter stood at ₹30.38 crore, up sharply from ₹20.40 crore year-on-year.

The full-year picture was equally strong. EBITDA for FY26 grew 27% year-on-year to ₹188 crore, against ₹149 crore in FY25, with an EBITDA margin of 18%. The balance sheet remains debt-free, with cash equivalents and marketable securities exceeding ₹850 crore as on March 31, 2026.

The results, approved at the board meeting on May 20, significantly exceeded pre-results consensus. Analysts had projected Q4 revenue of ₹265–290 crore and PAT of ₹68–78 crore — the top-line came in ahead of the upper end of those estimates.

Management is scheduled to meet analysts and institutional investors at two Mumbai conferences — the Ambit “Titans of Tomorrow 2026” on May 25 and the 360 One Capital “Trinity India 2026” on May 27 — where FY27 guidance will be closely watched.

The stock’s 52-week range now stands between ₹444 and ₹1,192, with Thursday’s rally offering some relief after a prolonged correction from the highs.