Business
Protean eGov Technologies jumps 20% after strong Q4 profit and revenue growth
For the quarter ended March 2026, Protean eGov posted a 53% year-on-year jump in net profit to Rs 31 crore, compared with Rs 20 crore in the same period last year. Revenue also expanded sharply, rising 38% to Rs 308 crore, reflecting sustained demand and execution strength across its digital governance solutions portfolio.
FY26 Results
The company capped FY26 with its highest-ever consolidated revenue of Rs 998 crore, marking a 19% annual growth over Rs 841 crore in FY25. Profitability also improved, with full-year net profit increasing 14% to Rs 105 crore.Operational performance remained strong, with EBITDA climbing 27% to Rs 188 crore, and margins improving to 18% (up 125 basis points YoY), underscoring better cost efficiency and operating leverage.
Protean continues to maintain a conservative financial position, holding over Rs 850 crore in cash and marketable securities while remaining debt-free as of March 31, 2026.
In a shareholder-friendly move, the board recommended a 100% final dividend of Rs 10 per share (face value Rs 10) for FY26.
The company also announced the appointment of Ajay Rajan as Additional Director (Executive), who will take over as Managing Director and CEO from June 1, 2026, strengthening its leadership team for the next phase of growth.
Market context & technical view
Despite the sharp single-day rally, the stock remains under pressure on a longer horizon, having fallen nearly 48% over the past year, with a current market capitalisation of about Rs 2,227 crore.
On the technical front, momentum signals appear mixed: the stock’s 14-day RSI stands at 50.8, indicating neutral territory. It is currently trading above 6 of 8 key SMAs, but remains below the 150-day and 200-day moving averages, suggesting that while short-term sentiment has improved, broader trend confirmation is still awaited.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
At Close of Business podcast May 21 2026
Sam Jones speaks to Nadia Budihardjo about Emyria, a Perth-based company put in a strong position after a recent US executive decision.
Business
MaxLinear (MXL): Underappreciated AI Infrastructure Play With Major Upside Potential
I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to gravitate to Tech stocks
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
(VIDEO) Air France Flight to Detroit Diverted to Montreal Over Congo Passenger Ebola Restrictions
MONTREAL — An Air France flight from Paris to Detroit was diverted to Montreal on May 20, 2026, after U.S. authorities determined a passenger from the Democratic Republic of the Congo had boarded in violation of new Ebola-related entry restrictions.
Air France Flight 378, a Boeing 777 operating as Delta codeshare DL8719, departed Paris-Charles de Gaulle Airport around 4 p.m. local time. It landed at Montreal Trudeau International Airport at approximately 5:15 p.m. ET, according to FlightAware data.
U.S. Customs and Border Protection confirmed the diversion. A spokesperson stated: “Air France boarded a passenger from the Democratic Republic of Congo in error on a flight to the United States. Due to entry restrictions put in place to reduce the risk of the Ebola virus, the passenger should not have boarded the plane. CBP took decisive action and prohibited the flight carrying that traveler from landing at Detroit Metropolitan Wayne County Airport, and instead, diverted to Montreal, Canada.”
The passenger was removed in Montreal. The aircraft remained on the ground for less than an hour before continuing to Detroit with the remaining passengers. There was no medical emergency on board.
Air France issued a statement: “Air France confirms that, at the request of U.S. authorities, Flight AF378 on May 20, 2026, operating the Paris-Charles de Gaulle–Detroit (DTW) route, was diverted to Montreal Airport after a Congolese passenger on board was denied entry into the United States. In fact, under new regulations, passengers arriving from certain countries, including the Democratic Republic of the Congo, may only enter U.S. territory via Washington (IAD) Airport. There was no medical emergency on board, and like all airlines, Air France is required to comply with the entry requirements of the countries it serves.”
Deborah Mistor, a business class passenger, told CBS News the captain announced the diversion about four hours before the scheduled Detroit arrival. He later confirmed there were no technical issues with the plane. Flight attendants then wore face masks.
The incident stems from U.S. restrictions implemented amid an Ebola outbreak caused by the Bundibugyo virus in eastern Democratic Republic of the Congo and parts of Uganda. The World Health Organization declared it a public health emergency of international concern on May 17.
As of mid-May 2026, health officials reported hundreds of suspected cases and over 100 deaths in the region. The Bundibugyo strain has no approved vaccines or specific treatments.
On May 18, the CDC and Department of Homeland Security enacted measures under Title 42 of the Public Health Service Act. Non-U.S. passport holders who had been in the Democratic Republic of the Congo, Uganda or South Sudan in the previous 21 days face entry restrictions. Such travelers must enter through designated airports with enhanced screening, including Washington-Dulles International Airport.
CBP did not disclose details about the passenger’s recent travel history or symptoms. It remained unclear whether the individual was a Congolese national.
The Federal Aviation Administration referred inquiries to CBP. The CDC and Air France had no immediate additional comment beyond the diversion statement.
The diversion highlighted enforcement of the new rules just days after implementation. Airlines must screen passengers for recent travel to affected areas before boarding U.S.-bound flights.
Passengers on Flight 378 continued to Detroit after the stop in Montreal. No further health incidents were reported upon arrival.
This marks an early test of the U.S. response to the Bundibugyo Ebola outbreak. Officials emphasize that the risk to the general public in the United States remains low due to the virus’s transmission method requiring direct contact with bodily fluids.
The Africa Centres for Disease Control and Prevention and WHO continue monitoring the outbreak centered in Ituri Province, DRC. Cross-border movement and regional insecurity complicate containment efforts.
U.S. health authorities coordinate with international partners on screening, contact tracing and potential evacuations. A small number of U.S. citizens affected in the region have been medically evacuated.
The incident caused minor delays but no major disruptions to other flights. Montreal Trudeau International Airport handled the unscheduled arrival routinely.
Travelers and airlines adjust to the 30-day restrictions, effective through mid-June 2026. Enhanced public health measures at designated entry points include screening and monitoring protocols.
Air France and other carriers review boarding procedures to prevent similar occurrences. Compliance with destination country requirements remains mandatory.
The event drew attention on social media and aviation forums, with passengers sharing accounts of the mid-flight announcement and crew precautions.
Broader context includes ongoing global health vigilance following previous Ebola outbreaks. The current strain’s characteristics influence response strategies, including the lack of approved countermeasures.
U.S. officials continue risk assessments. No confirmed Ebola cases linked to this flight or recent U.S. arrivals from the region have been reported.
The diversion of Air France Flight 378 underscores the intersection of international travel, public health policy and rapid enforcement of entry rules during emerging infectious disease threats.
Business
Emyria moves on clinical drugs play
A Perth-based company could win big from a change in US health policy.
Business
Apollo Micro Systems shares rally 22% in 3 days after strong Q4 results. Should you buy?
The shares of the company jumped nearly 6% to hit a fresh 52-week high of Rs 377.7 apiece on NSE in the morning trading hours of Thursday. The multibagger stock has rallied 28% in one month and 153% in one year, delivering 1,022% returns over three years and 3,026% returns over five years.
The defence player on Monday reported a 163% year-on-year (YoY) surge in its consolidated net profit to Rs 36.8 crore for Q4 FY26, from Rs 14 crore in the corresponding quarter of the previous financial year. The firm’s revenue from operations meanwhile rallied 81% YoY to Rs 293.3 crore during the quarter under review, as against Rs 161.8 crore in the year-ago period.
Also Read | Multibagger Apollo Micro Systems shares soar 19% in two sessions. What’s behind the sharp rise?
For the entire financial year which ended on March 31, 2026, Apollo Micro Systems reported a 90% YoY surge in net profit to Rs 107.4 crore, while revenue from operations jumped 61% You to Rs 940.3 crore. Apollo Micro Systems Managing Director Baddam Karunakar Reddy described FY26 as a “breakthrough year” for the company, driven by record revenue and profitability, the successful acquisition of IDL Explosives through ADIPL, the receipt of a DPIIT licence for UAV manufacturing, and the company securing its first export order.
Reddy also said another acquisition through ADIPL is likely to be completed before the end of the next financial year, which could further enhance the company’s capabilities and future growth prospects.
During the year, the company posted its highest-ever quarterly and annual EBITDA. It also delivered record profit after tax on both a quarterly and yearly basis, while achieving an all-time high order book. In addition, the company surpassed its annual PAT margin guidance.
Should buy, sell or hold Apollo Micro Systems shares?
Apollo Micro Systems has witnessed a strong breakout above the crucial Rs 355 resistance zone backed by sharp volume expansion, indicating fresh momentum buying and continuation of the ongoing uptrend, said Virat Jagad, Senior Technical Research Analyst, at Bonanza Portfolio.
Also Read | Market Trading Guide: Buy Manappuram Finance and Apollo Micro Systems on Thursday for gains up to 8%
“The stock is trading above all major EMAs, reflecting strong bullish structure across short- and long-term time frames, while RSI is sustaining above 60, supporting positive momentum despite minor volatility,” he said.
Investors can consider fresh buying with a stop loss of Rs 340, while upside target should be placed at Rs 385 and Rs 400, the analyst added. “Sustained trade above Rs 355 can further accelerate bullish momentum in coming sessions,” he further said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Jubilant Foodworks shares crash 8% after Domino’s India operator’s Q4 results. What spooked investors?
The company on Wednesday reported a consolidated net profit of Rs 79.79 crore for the January-March quarter of the financial year 2026, marking a whopping 66% year-on-year (YoY) rise from the Rs 48 crore net profit reported in the corresponding quarter of the previous financial year. The firm’s revenue from operations, meanwhile, grew 19% YoY to Rs 2,499 crore during the quarter under review, as against Rs 2,095 crore in the year-ago period.
Along with the Q4 results, Jubilant FoodWorks said its board recommended a dividend of Rs 1.2 per share (60%) with a face value of Rs 2 each for the financial year that ended on March 31, 2026. This is, however, subject to shareholders’ approval at the upcoming Annual General Meeting (AGM).
“During March, select markets experienced temporary LPG supply constraints, which had a limited and localised impact on our operations. Overall, this translated into an estimated 30–40 basis points impact on Q4 FY26 like-for-like growth of Domino’s India. The situation was effectively managed through swift operational measures, including temporary menu reconfigurations at a small set of stores, dynamic realignment of delivery catchments, and use of alternative energy sources. Since then, we have progressively reduced our dependence on LPG, diversified vendor sourcing to further de-risk supply, and benefited from improved availability following the Government of India’s interventions. In Q1FY27, the LPG supply has largely normalised, and the business operations have normalised to pre-disruption levels,” the company said in its letter to shareholders.
Nuvama on Jubilant Foodworks
Nuvama said that Jubilant Foodworks’ Q4 earnings were “very weak” considering a pickup in growth sentiments across the QSR space and the peer group performing better. “The margin expansion outlook rests on two assumptions: accelerating Domino’s growth and Popeyes turning the corner on losses with scale. Both appear optimistic in the backdrop of rising cost pressures,” it said.
Nuvama maintained its ‘Buy’ rating with a negative bias on the shares of Jubilant Foodworks, and reduced its target price to Rs 646 apiece from Rs 744 apiece earlier. The latest target price implies an upside potential of nearly 37% from the stock’s previous closing price. The brokerage also reduced its earnings estimates for the Domino’s India operator.
Morgan Stanley on Jubilant Foodworks
Morgan Stanley maintained its ‘Equal weight’ rating on the shares of Jubilant Foodworks, with a target price of Rs 486 apiece, implying an upside potential of nearly 3% from the stock’s previous closing price.
The international brokerage highlighted that Domino’s India revenue growth moderated 5% YoY in Q4, and like-for-like growth declined sharply sequentially to 0.2%, ET Now reported. It added that the performance was impacted by lower average bill value and weaker dine-in sales.
Morgan Stanley expects the company to face margin headwinds from LPC, labour and commodity inflation, while noting that it has taken nearly 1.2% price hike so far. According to the international brokerage, weak Q4 and near-term headwinds can keep the stock under pressure.
Goldman Sachs on Jubilant Foodworks
Goldman Sachs maintained its ‘Neutral’ call on the shares of Jubilant Foodworks, but reduced its target price to Rs 460 from Rs 480. The latest target price implies a downside potential of nearly 3% from the stock’s previous closing price.
The international brokerage said that the firm’s Q4 EBITDA was slightly ahead of estimates due to Dunkin’ classification as discontinued operations, ET Now reported. It, however, flagged near-term margin pressure from energy, wage and raw material inflation.
Also Read: Protean eGov Technologies jumps 20% after strong Q4 profit and revenue growth
Goldman Sachs reduced its earnings estimates for the company, while expecting Domino’s India growth to lag peers in FY27.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Wes Streeting pledges 'wealth tax that works'
Wes Streeting is proposing reforms to capital gains tax, as part of his pitch for the Labour leadership.
Business
Matrix Service Company (MTRX) Presents at Sidoti Micro-Cap Virtual Conference – Slideshow
Matrix Service Company (MTRX) Presents at Sidoti Micro-Cap Virtual Conference – Slideshow
Business
Federal Resources Minister Madeleine King slaps down One Nation gas policy
A One Nation plan to follow Norway’s lead on capturing oil and gas profits has been labelled ‘backwards’ by Federal Resources Minister Madeleine King.
Business
CEO Greg Abel Takes Up Berkshire’s Passion for Airlines
Warren Buffett had a tortured relationship with airline investments as the conglomerate’s longtime chief executive. Now his successor, Greg Abel, is showing an early fondness for them, too. Berkshire declined to comment. It is possible the conglomerate has exited from or changed its Delta position, because its regulatory filing last week disclosing the stake reflected investments in the first quarter. Read more:
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