Protean eGov Tech drops after Q1 PAT tumbles 75% YoY to Rs 6 cr
Mumbai, Aug. 5 -- The company reported a 75.43% year-on-year (YoY) decline in consolidated net profit to Rs 5.86 crore in Q1 FY27 from Rs 23.85 crore in the corresponding quarter last year.
Revenue from operations, however, rose 19.03% YoY to Rs 250.96 crore, supported by sustained momentum across its core businesses and strong traction in new initiatives.
Profit before tax (PBT) fell 76.40% YoY to Rs 7.64 crore in Q1 FY27.
Operating performance remained under pressure, with EBITDA falling 38% YoY to Rs 28 crore from Rs 45 crore in Q1 FY26. Consequently, EBITDA margin narrowed to 10%, reflecting the impact of upfront investments of around Rs 18 crore towards the execution of multiple prestigious RFP-led mandates.
Additionally, margins...
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