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Quick Heal Technologies announces FY19 results

Quick Heal Technologies Limited (“Quick Heal”) reported its audited results for the quarter and full year ending 31st March 2019.

Consolidated Financial Highlights:

Particulars (Rs. million) FY19 FY18 YoY Change
Revenue 3,149.26 3,183.15 -1.06%
EBITDA 1,279.01 1,203.41 6.28%
EBITDA Margin 40.61% 37.81% +281 bps
PAT 918.24 830.05 10.62%
PAT Margin 29.16% 26.08% +308 bps

Segmental Performance for full year ended 31st March 2019

Ø  Retail segment revenue at Rs. 2,604 million as compared to Rs. 2,741 million in the corresponding period of the previous year

ü  Contributes 79% to Total Revenue

Ø  Enterprise and Government segment revenue up at Rs. 701 million as compared to Rs. 647 million in the corresponding period previous year

ü  Contributes 21% to Total Revenue 

Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “There has been a steady increase in profit margins for the Financial Year, however, the revenue performance has not been in line with our expectations. The Retail segment witnessed a marginal dip of 5% in Revenues whereas volumes have grown by 2%. Enterprise and Government business grew at 8% in Revenues and 11% in volumes inspite of highly competitive marketplace. We expect in current year to see growth momentum supported by higher volumes and better realizations due to innovative product & solutions offerings.”

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added “The improvements in Operating Profits as well as Net Profits is an indication of our relentless efforts on strict cost controls. In Q4, we have consciously kept retail sales at lower levels in order to ensure that there is no unnecessary further increase in Receivables level. As a strategy, we want to limit further elongation of credit period.”

Mr. Vijay Mhaskar, Chief Operating Officer, Quick Heal Technologies Limited, commented “Over the last few quarters we have been focusing on activation and liquidation of stocks at various channel levels by actively engaging with them through customised campaigns. We are also continuously working on enhancing customer experience by introducing innovative products and solutions relevant to the highly dynamic and ever evolving threats and commercial launch of Home Network Security and Enterprise Mobility Management is a testimony of the same. With few more new products in the offing, we strive to keep the customer safe from various cyber threats and widen our offerings resulting in better growth prospects for Retail and Enterprise & Government segment.”

Awards and Accreditations:-

  • Seqrite received the ‘Best Performance 2018’ award for its Endpoint Security Solution from AV-Test Institute in Germany for 2018
  • Quick Heal Technologies’ Annual Report FY2017-18 recognised amongst the top 100 reports globally by League of American Communication Professionals (LACP)

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