Quick Heal Technologies Limited Reports 20% Increase In Revenue During H1 FY19 - GADGETS AND INNOVATIONS

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Tuesday, November 13, 2018

Quick Heal Technologies Limited Reports 20% Increase In Revenue During H1 FY19




Ø  Revenue grew YoY by 20% to Rs. 1,622 million
Ø  EBITDA grew YoY by 58% to Rs. 686 million with a Margin of 42%
Ø  PAT grew YoY by 77% to Rs. 482 million with an improvement in Margin to 30%

Quick Heal Technologies Limited (“Quick Heal”), India’s leading IT Security Software Products and Solutions provider, reported its reviewed and un-audited results for the quarter and half year ending 30th September 2018.

Consolidated Financial Highlights:

Particulars (Rs. million)
H1 FY19
H1 FY18
YoY Change
Revenue
1,622.20
1,353.79
19.83%
EBITDA
685.71
434.27
57.90%
EBITDA Margin
42.27%
32.08%
+1,019 bps
PAT
482.14
271.74
77.43%
PAT Margin
29.72%
20.07%
+965 bps

Segmental Performance for the half year ended 30th September 2018
Ø  Retail segment revenue up 20% to Rs. 1,379 million as compared to Rs.1,154 million in the corresponding period of the previous year
ü  Contributes 80% to Total Revenue

Ø  Enterprise and Government segment revenue up 8% to Rs. 335 million as compared to Rs. 309 million in the corresponding period previous year
ü  Contributes 20% to Total Revenue

Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “There has been a steady momentum in the business which is visible from our H1FY19 performance. We have been actively engaging with the channel ecosystem, which has resulted in a better performance in Retail as well as Enterprise & Government segment. The Retail segment has grown by 20% on YoY basis whereas the Enterprise segment has grown by 8% on YoY basis. We continue to remain focused on the growth of both retail and enterprise segments and are confident of continuing on the growth path in the coming quarters.”

Awards and Accreditations:-
·         Seqrite Endpoint Security certified as ‘Approved Corporate Endpoint Protection for Windows’ by ‘AV-Test’


November 13, 2018


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