India's Protean eGov drops most in over 4 months after Q1 profit drop

Protean eGov Technologies

05/08/2026 05:29

** Shares of Protean eGov Technologies PROO.NS fall 6% to 584.4 rupees, their sharpest fall since March 30
** IT firm's Q1 PAT sinks 75% Y/Y; rev up 19%
** Co says profit hurt by upfront investments in new government mandates and higher procurement costs
** Stock down 22.6% YTD
     
     
     
     
     
     
     
     

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))