Quick Heal Technologies Posts Robust Growth In Q4 FY18 - GADGETS AND INNOVATIONS

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Monday, May 14, 2018

Quick Heal Technologies Posts Robust Growth In Q4 FY18


 



Ø  Revenue grew by 29% to Rs. 1,187 million

Ø  EBITDA grew by 79% to Rs. 654 million with a Margin of 55.1%

Ø  PAT grew by 122% to Rs. 492 million with an improvement in Margin to 41.4%

Ø  Board of Directors proposed the final dividend of Rs. 3 / share (FV. Rs. 10)



Quick Heal Technologies Limited (“Quick Heal”), India’s leading IT Security Software Products and Solutions provider, reported its audited results for the quarter and financial year ending 31st March 2018.


Consolidated Financial Highlights:

Particulars (Rs. million)
Q4 FY17
Q4 FY18
YoY Change
FY17
FY18
YoY Change
Revenue
922
1,187
29%
3,000
3,183
6%
EBITDA
366
654
79%
901
1,203
34%
EBITDA Margin
39.68%
55.14%
1,546 bps
30.05%
37.81%
776 bps
PAT
222
492
122%
532
830
56%
PAT Margin
24.07%
41.43%
1,736 bps
17.74%
26.08%
834 bps


Segmental Performance for quarter ended 31st March 2018

Ø  Retail segment revenue up 27% to Rs. 1,069 million as compared to Rs. 845 million in the corresponding period of the previous year
ü  Contributes 85% to Total Revenue
ü  No. of licenses sold grew by 30% to 2.15 million from 1.65 million in Q4 FY17

Ø  Enterprise & Govt. segment contributes 15% to Total Revenue
ü  No. of licenses sold grew by 31% to 0.34 million from 0.26 million in Q4 FY17

 Segmental Performance for Financial Year ended 31st March, 2018

Ø  Retail segment revenue contributes 81% to Total Revenue
ü  No. of licenses sold grew by 4% to 5.51 million from 5.31 million in FY17

Ø  Enterprise & Govt. segment revenue up by 14% to Rs. 647 million as compared to Rs.570 million in the corresponding period of the previous year

ü  Contributes 19% to Total Revenue
ü  No. of Licenses sold grew by 23% to 1.12 million from 0.91 million in FY17

Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said;“We are happy to report highest ever quarterly performance in Q4. We have seen a strong pick up in our Retail segment post GST implementation and were able to sustain the growth momentum in the following quarters. Our Retail Segment which started the year with a degrowth ended with flattish revenue indicating continued customer confidence in our brand. However, the Enterprise & Government Segment grew by 14% resulting in overall growth of 6% at Company level. The growth momentum in the Enterprise & Government segment is mainly driven by rising acceptance of ‘Seqrite’ as the preferred brand for securing the data against rising threat of cyber-attacks.  With India moving towards digitization, we see a shift in retail and enterprises preference to secure their digital assets which gives us the confidence of increasing acceptability of cyber-security products going forward.”

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added “The quarter 4 performance is a testimony to our strong business fundamentals supported by a great product line. During the quarter, we were able to improve our profitability margins lead by focused cost optimization strategy. GST impacted our working capital by 11 days. Adjusting for that one-time impact, we have seen improvement in receivable days compared to last year. We are actively working to reduce our working capital cycle through various strategies.”

Mr. Vijay Mhaskar, Chief Operating Officer, Quick Heal Technologies Limited, commented “With rising awareness of cybersecurity among individuals and enterprises, we see the demand for IT security solutions going up from hereon. Our ability to cater to diverse needs of our customers through a range of products and specialized services supported by strong customer support makes us preferred partners for robust IT security solutions that our customer is looking for. We have always endeavored to be ahead of the curve in terms of our Research & Development efforts and will continue offering future-ready products to our customers.” 


Awards & Accreditations in FY18:
Ø  Quick Heal Total Security receives BEST+++ certification from AVLab

Ø  Seqrite Endpoint Security: Best Overall Speed 2017: Silver Award for the Performance Test by AV-Comparitives

Ø  Seqrite Endpoint Security is approved Corporate Endpoint Protection for Windows by AV-Test

Ø  Seqrite Endpoint Security is approved Windows Security Product for the year 2017 by AV-Comparatives

Ø  Seqrite Endpoint Security is ICSA Labs certified product for the year 2017



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