Profit before tax (PBT) fell 13.19 % YOY to Rs 37.57 crore during the quarter. Adjusted operating profit for the quarter grew by 21% YoY to Rs 32 crore with operating margin of 14.4% as againts 13.3% in Q1FY25. Total expenses declined 4.58% YoY to Rs 195.70 crore during the quarter. Processing charges expenses was at Rs 91.66 crore (down 21.19% YoY). Revenue from tax services declined 16% YoY to Rs 119 crore. The company witnessed significant gain in market share from 51.6% in Q2FY24 to 55.4% in Q2FY25 showcasing the company's strength in PAN business. Total no of PAN cards issued by Protean in Q2FY25 stood at 1.2 crore. Online PAN issuance surpassed offline issuance for the first time, accounting for 51% of total issuances. Revenue from pension services business jumped 13% to Rs 70 crore during the quarter. More than 826 corporates have been on-boarded during the Quarter. Revenue from Identity Services fell 16% YoY to Rs 24 crore in Q2 FY25. The company is strategically investing in building value-added services like eSignPro and RISE with Protean through its Data Stack vertical, layered on top of its core Identity services, in driving more B2B engagements and business opportunities. Revenue from new business surged 98% to Rs 7 crore during the quarter. The company said that new businesses continue to show early momentum and it focuses on contributing towards multiple Open Digital Ecosystems (ODEs), is gaining traction, especially in the areas of ecommerce (ONDC) and Agriculture. During the quarter, Protean launched two new products, Open Finance and Protean LIFE. Suresh Sethi, managing director and chief executive officer, said, 'With another good quarter, Protean continues to drive robust growth in alignment with Digital India vision, evidenced by steady performance across key business segments. The digital landscape in India has witnessed notable developments in the recent months, especially in the financial and identity sectors, where DPIs are creating new avenues for citizens and enterprises alike. We continue to expand our multi-sectoral reach, innovating in ODEs across e-commerce, mobility & transport, open finance, agriculture, health, education and sustainability. The recent launch of our open finance stack within ONDC is one such initiative, enabling seamless last-mile access to financial services. Another key initiative, Protean LIFE, aims to bridge the gap between seekers and providers by streamlining the discovery, engagement, and management of sustainability initiatives from inception to completion. Protean eGov Technologies (formerly known as NSDL e-Governance Infrastructure) is an information technology enabled solutions company conceptualizing, developing, and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.Powered by Capital Market - Live

The equity benchmarks traded with moderate losses in mid-morning trade. The Nifty traded near the 24,250 mark. Consumer durables shares extended losses for the second consecutive trading session. Trading could be volatile due to monthly F&O series expiry today. At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 372.90 points or 0.46% to 79,573.48. The Nifty 50 index fell 90.05 points or 0.37% to 24,250.80. In the broader market, the S&P BSE Mid-Cap index fell 0.35% and the S&P BSE Small-Cap index rose 0.76%. The market breadth was strong. On the BSE, 2,415 shares rose and 1,249 shares fell. A total of 136 shares were unchanged. Both, BSE and NSE will conduct the Muhurat trading session on Friday, 1 November, from 6:00 pm to 7:00 pm. While markets remain closed during the day, this evening session allows investors to make token investments, following a long-standing custom of trading during Diwali. Buzzing Index: The Nifty Consumer Durables index fell 0.92% to 39,229.60. The index slipped 2.09% in two trading sessions. Voltas (down 3.33%), Havells India (down 1.36%), Amber Enterprises India (down 1.23%), Titan Company (down 1.18%), Dixon Technologies (India) (down 0.93%), Kajaria Ceramics (down 0.8%), Whirlpool of India (down 0.43%), Kalyan Jewellers India (down 0.07%), Bata India (down 0.04%) edged lower. On the other hand, Blue Star (up 2.16%) ,Rajesh Exports (up 2.09%) and Cera Sanitaryware (up 0.78%) added. Stocks in Spotlight: Protean eGov Technologies declined 3.72% after the company's consolidated net profit declined 38% to Rs 28 crore on 11.8% increase in revenue from operations to Rs 220 crore in Q2 FY25 over Q2 FY24. Automotive Axles slipped 4.09% after the company's consolidated net profit declined 20% to Rs 36 crore on 15.24% fall in consolidated revenue 15.24% to Rs 495 crore in Q2 FY25 over Q2 FY24. Global Markets: The US Dow Jones index futures are currently down by 63 points, signaling a negative opening for US stocks today. Most Asian stocks traded lower on Thursday as investors look to the Bank of Japan's rate decision, as well as key business activity figures from China. The BOJ held its benchmark policy rate at 0.25%, unchanged from the previous meeting. The bank released a two-line statement simply stating the decision, with no clues on the timing of its next rate hike. In China, the country's manufacturing purchasing managers index flipped into expansion territory for the first time since April, with the National Bureau of Statistics revealing the manufacturing PMI came in at 50.1. In the US, stocks rallied on Wednesday, with the tech-heavy Nasdaq Composite reaching a new record high, driven by strong earnings from Alphabet. The Dow Jones Industrial Average gained 0.51%, the S&P 500 rose 0.29%, and the Nasdaq Composite climbed 0.24%. Economic data released on Wednesday showed that the US economy grew at an annual rate of 2.8% in the third quarter, supported by consumer spending and government expenditure. However, this was a slowdown from the second quarter's 3% pace. Additionally, US private payrolls surged by 233,000 jobs in October, exceeding expectations. Market participants are cautiously looking ahead to a crucial week, which includes the release of US non-farm payrolls data on Friday, the presidential election next Tuesday, and a Federal Reserve policy decision next Thursday. Gold prices continued to climb, reaching a new record high. Powered by Capital Market - Live

Net profit of Protean eGov Technologies declined 14.46% to Rs 28.04 crore in the quarter ended September 2024 as against Rs 32.78 crore during the previous quarter ended September 2023. Sales declined 6.78% to Rs 219.70 crore in the quarter ended September 2024 as against Rs 235.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales219.70235.69 -7 OPM %14.4015.48 - PBDT44.7148.76 -8 PBT37.5743.28 -13 NP28.0432.78 -14 Powered by Capital Market - Live

Protean eGov Techs. will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

Protean eGov Technologies has allotted 75,841 equity shares under ESOP on 26 September 2024. With this allotment, the paid up equity share capital has increased to Rs. 40,54,03,470/- comprising of 4,05,40,347 equity shares of face value of Rs. 10/- each. Powered by Capital Market - Live

Protean eGov Techs. announced that the Annual General Meeting (AGM) of the company will be held on 23 September 2024.Powered by Capital Market - Live

Protean eGov Technologies announced that Hiten Mehta - Executive Vice President (Group Head - Business Operations) has tendered his resignation and his last working day shall be 03 December 2024. Powered by Capital Market - Live

Protean eGov Technologies has fixed 06 September 2024 as record date for determining entitlement of Members to the final dividend for the financial year ended 31 March 2024. Powered by Capital Market - Live

Net profit of Protean eGov Technologies declined 34.52% to Rs 21.09 crore in the quarter ended June 2024 as against Rs 32.21 crore during the previous quarter ended June 2023. Sales declined 10.83% to Rs 196.54 crore in the quarter ended June 2024 as against Rs 220.41 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales196.54220.41 -11 OPM %7.6915.47 - PBDT33.8746.63 -27 PBT27.1041.72 -35 NP21.0932.21 -35 Powered by Capital Market - Live

Protean eGov Techs. will hold a meeting of the Board of Directors of the Company on 5 August 2024.Powered by Capital Market - Live