Protean eGov Tech shares zoom over 11.6% on bagging ₹1,160 crore order from UIDAI; what investors need to know

The stock rallied as much as 11.68% to ₹915 on the NSE, as the IT company has received an order worth ₹1,160 crore from UIDAI to establish and operate district-level Aadhaar Seva Kendra, the company said in a regulatory filing.

The contract is spread over a period of six years.

"Protean eGov Technologies Limited has received a work order on August 25, 2025, from the Unique Identification Authority of India (UIDAI) for providing services as 'Service Provider for Establishing and Running District Level Aadhaar Seva Kendra (ASK)' of approximately ₹1,160 crore (exclusive of taxes)," the company said in the filing.

Protean eGov Technologies Q1 FY26 Results

Protean eGov Technologies, as per reports, saw an improvement in profitability, with net profit rising by 13.3% year-on-year to ₹23.85 crore for the June 2025 quarter (Q1 FY26) from ₹21.09 crore logged in the same period last year.

In addition, sales for the quarter grew by 7.28% to ₹210.84 crore from ₹196.54 crore in Q1 FY25.

What happened in May 2025?

In May 2025, the stock took a heavy beating after the company said that the Income Tax Department (ITD) had not shortlisted the company for the PAN 2.0 project.

Protean eGov Technologies said that the Income Tax Department had issued a Notice for Request for Proposals (RFP) inviting bids for the selection of a Managed Service Provider (MSP) for the design, development, implementation, operations, and maintenance of its PAN 2.0 Project.

The company had participated in the RFP bid proposal for the aforesaid project; however, they have not been considered favourably for the project, the filing said.

Protean eGov Technologies focuses on developing digital public infrastructure (DPI) and e-governance initiatives for various governmental bodies in India.

Incorporated in December 1995, Protean eGov Technologies Limited was previously known as NSDL e-Governance Infrastructure Limited.

Protean eGov Technologies has played a key role in developing the national infrastructure for capital market development in India. The company has developed and implemented some of the most crucial technological infrastructure in India.

Protean eGov Technologies share price trend

Shares of the company have been under pressure if seen from a larger time frame. In the past six months, data show that the stock has fallen around 40%, and 16% in the past three months. In the past 30 days, it has risen over 2.5%, and in the past week, the share price has rallied over 9% (based on the closing level as of August 25, 2025.)