Protean eGov shares hit 20% upper circuit as Q4 profit rises 49% YoY, dividend announced

Protean eGov share price: Shares of Protean eGov Technologies Ltd, which is engaged in developing citizen-centric and population-scale e-governance solutions, hit their upper-circuit level on Thursday, May 21, after reporting the latest set of numbers for the fourth quarter of the financial year 2025-26.

The stock advanced 20% to ₹654.20 apiece on the National Stock Exchange (NSE).

The stock had recorded its 52-week high of ₹1,091.90 per share on May 20, 2025, while its 52-week low of ₹444 apiece was reached on March 30, 2026.

The scrip has gained 22.70% in the past week and 19.19% in a month. Year-to-date, it has declined 12.96%.

Protean eGov Q4 results

The company posted a 48.92% increase in its consolidated profit after tax to ₹30.38 crore in the January-March quarter of FY26, compared to ₹20.40 crore a year back.

Its revenue from operations climbed 38.43% to ₹307.54 crore in Q4 FY26 as against ₹222.15 crore in the corresponding period of the previous fiscal year.

The tax services segment reported a robust 65% YoY revenue growth to ₹177 crore in Q4 FY26 due to a sharp increase in PAN card issuances in the quarter, according to an exchange filing.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) advanced 55% to ₹53 crore in the quarter under review from ₹34 crore a year back.

The company's board also recommended a final dividend of ₹10 per share on the face value of ₹10 each for FY26.

Protean eGov appointed Ajay Rajan as the managing director & chief executive officer with effect from June 1, 2026.

Commenting on the results, V Easwaran, COO and Interim CEO, said, "FY26 was a landmark year for Protean, with strong growth across our core businesses and meaningful progress in diversification beyond legacy business verticals. While Tax and CRA Services continued to demonstrate resilient growth, increasing traction across Identity and New Businesses reflects the company's growing role in enabling next-generation digital public infrastructure."

"As India’s DPI ecosystem continues to evolve, Protean remains uniquely positioned at the intersection of technology, inclusion and population-scale digital infrastructure. Our focus continues to be on building resilient, future-ready platforms that enable trusted digital access for citizens, institutions and governments alike", he added.