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Revenue from operations stood at Rs 235.69 crore during the quarter, registering growth of 32.66% as against with Rs 177.66 crore posted in Q2 FY23.
Profit before tax was at Rs 43.28 crore in Q2 FY24, increase 25.81 % YoY.
Total expenses stood at Rs 205.09 crore during the second quarter of FY24, up 33.76% as compared with Rs 153.33 crore posted in Q2 FY23. Processing charges stood at Rs 116.31 crore (up 56.03% YoY), employee benefit expense was at Rs 37.94 crore (up 37.94% YoY) and finance costs stood at Rs 0.41 crore (up 64% YoY) during the period under review.
Meanwhile, the company’s board approved additional investment in open network for digital commerce upto Rs 15 crore to contribute towards the growth and expansion plans of ONDC.
Further, the company’s board approved to incorporate a 100% subsidiary company in the UAE as the holding company for international business.
Shares of Protean eGov Technologies debuted on the bourses on 13 November 2023. The scrip was listed at Rs 792, matching the IPO price, Rs 792.
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.
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