Receipt of strategic work order from Bima Sugam India Federation (BSIF)
As filed · Protean eGov Technologies Limited has informed the Exchange about receipt of strategic work order from Bima Sugam India Federation (BSIF)
What happened
FactProtean eGov Technologies Limited has informed the Exchange about receipt of strategic work order from Bima Sugam India Federation (BSIF). significant work order valued at approximately INR 100 crore, on June 9, 2025, by the Bima. The Company has won this RFP through due process, and under the terms of this work order.
Why it matters
CapitSignal interpretationAn order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
Scale
- 10.0% of FY26 revenue
₹100 Cr stated in the filing against ₹996.43 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
RevisedI'm glad to share that Protean has delivered a resilient performance in Q2FY26, with 19% QoQ and 14% YoY growth in revenue.
The new businesses have contributed 12% of total revenue in H1FY26 as compared to 4% in FY25.
Change
FactImplication
CapitSignal interpretationDemand
RevisedCRA Services continued to show growth momentum, growing at 16% on a YoY basis.
The new businesses have contributed 12% of total revenue in H1FY26 as compared to 4% in FY25.
Change
FactImplication
CapitSignal interpretationDemand
RevisedThe new businesses have contributed 12% of total revenue in H1FY26 as compared to 4% in FY25.
I'm glad to share that Protean has delivered a resilient performance in Q2FY26, with 19% QoQ and 14% YoY growth in revenue.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Execution period stated in the order
- Whether the order book total is disclosed
- Margin commentary at the next results
- I think once the ASK project is fully operational, we would have more revenue, with which the run rate can go (management committed by H1 FY27)
- With the ASK revenue comes into play after a couple of quarters on a full-scale basis, we will have addition o (management committed by H1 FY27)
Evidence
- Protean eGov Technologies Limited has informed the Exchange about receipt of strategic work order from Bima Sugam India Federation (BSIF)(opens the original filing in a new tab)
- Earlier statement · Q2 FY26
- Latest statement · Q2 FY26
- Earlier statement · Q1 FY26
- Latest statement · Q2 FY26
- Earlier statement · Q2 FY26
- Latest statement · Q2 FY26
How CapitSignal classified this
- Reasoning:
- ORDER_WIN base 58; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%