PROTEAN Protean eGov Technologies Q2 FY25 results (Jul–Sep 2024) and concall
Protean eGov reported a strong Q2 FY25, driven by robust performance in Tax and Pension services, with revenue growing 12% QoQ to INR 220 crores and PAT up 33% QoQ to INR 28 crores. While Identity services faced a 14% degrowth due to competitive pricing and high base effect, the company is strategically investing in new value-added services and Open Digital Ecosystems like ONDC and Open Finance, aiming for new businesses to contribute 25% of the top line in 2-3 years. The company maintains a strong balance sheet with over INR 750 crores in cash.
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What they filed
| Line item | Q2 FY25 |
|---|---|
| Revenue | 220 |
| EBITDA | 32 |
| Net profit | 28 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
