Protean eGov Technologies Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Protean eGov Technologies Ltd reported a 5.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.1%.
- Its expenses for the quarter were down by 1.6% QoQ and 9.9% YoY.
- The net profit decreased 18.2% QoQ and increased 50.6% YoY.
- The earnings per share (EPS) of Protean eGov Technologies Ltd stood at 5.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 221.12 | 233.27 | 233.00 | -5.2% | -5.1% |
Total Expenses | 192.60 | 195.70 | 213.65 | -1.6% | -9.9% |
Profit Before Tax | 28.52 | 37.57 | 19.35 | -24.1% | 47.4% |
Tax | 5.59 | 9.53 | 4.12 | -41.3% | 35.7% |
Profit After Tax | 22.93 | 28.04 | 15.23 | -18.2% | 50.6% |
Earnings Per Share | 5.60 | 6.90 | 3.70 | -18.8% | 51.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Protean eGov Technologies Ltd is a company engaged in the technology sector, with a focus on providing electronic governance solutions. The company develops and implements technology-driven platforms to facilitate efficient governance and improve public service delivery. As of the latest available information, Protean eGov Technologies Ltd operates within the IT services and software industry. Specific details regarding recent major developments or new product launches are not available in the provided data. However, the company's focus remains on enhancing digital infrastructure to support government initiatives and services.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Protean eGov Technologies Ltd reported a total income of ₹221.12 crores. This represents a decrease of 5.2% compared to the previous quarter (Q2FY25), where the total income was ₹233.27 crores. On a year-over-year basis, comparing Q3FY25 to the same quarter in the previous fiscal year (Q3FY24), total income also decreased by 5.1% from ₹233.00 crores. These figures highlight a consistent decline in revenue both sequentially and annually over the given periods.
Profitability
Protean eGov Technologies Ltd's profitability metrics for Q3FY25 show a profit before tax (PBT) of ₹28.52 crores, marking a decrease of 24.1% from the previous quarter (Q2FY25) where PBT was ₹37.57 crores. However, on a year-over-year basis, there is an increase of 47.4% from Q3FY24, when PBT stood at ₹19.35 crores. The profit after tax (PAT) for Q3FY25 was ₹22.93 crores, showing a decline of 18.2% from Q2FY25's ₹28.04 crores, but an increase of 50.6% compared to ₹15.23 crores in Q3FY24. Earnings per share (EPS) also reflect these patterns, with a reduction from ₹6.90 in Q2FY25 to ₹5.60 in Q3FY25, yet an increase from ₹3.70 in Q3FY24, representing a 51.4% year-over-year growth.
Operating Metrics
The total expenses for Protean eGov Technologies Ltd in Q3FY25 amounted to ₹192.60 crores, reflecting a slight decrease of 1.6% from Q2FY25's total expenses of ₹195.70 crores. When compared to Q3FY24, there is a notable decline of 9.9% from ₹213.65 crores. The effective tax paid in Q3FY25 was ₹5.59 crores, which decreased by 41.3% quarter-over-quarter from ₹9.53 crores in Q2FY25, and increased by 35.7% year-over-year from ₹4.12 crores in Q3FY24. These changes in tax and expenses are significant indicators of the company's operating dynamics during these periods.
