Protean eGov shares tumble 8% as Q1 profit slumps 75%, margins hit two-year low
Shares of Protean eGov Technologies fell as much as 8% on Wednesday, August 5, after the company reported a decline in June-quarter profit as higher upfront investments and cost inflation weighed on margins. The company reported an 18.9% year-on-year increase in revenue from operations to ₹251 crore. However, Earnings Before Interest, Tax, Depreciation and Amortisation…
