Quick Heal Technologies Limited (“Quick Heal”), one of the leading providers of cybersecurity and data protection solutions to consumers, businesses and Government, reported its reviewed and unaudited results for the quarter ended 30th June 2020.
Consolidated Financial Highlights:
| Particulars (Rs. million) | Q1FY21 | Q1FY20 | YoY Change |
| Revenue | 735 | 576 | 27.5% |
| EBITDA | 321 | 128 | 150.6% |
| EBITDA Margin | 43.75% | 22.26% | 2,149 bps |
| PAT | 250 | 119 | 109.8% |
| PAT Margin | 33.97% | 20.66% | 1,331 bps |
Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “Even with the COVID-19 headwinds, we were able to deliver strong growth in the first quarter aided by revenue spill over from Q4FY20. Our flagship products ‘Seqrite Endpoint Security’ and ‘Quick Heal Total Security’ were recently recognised as top products by the Germany based AV-Test institute. The recognition is a testament to our focus on constant innovation and reinforces our ability to deliver superior protection and robust system performance across consumer and enterprise segments. With many Indian states gradually relaxing lockdown norms and situation expected to come back to normalcy supported by rising cybersecurity awareness, I’m optimistic about the growth prospects of the company.”
Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added “We delivered strong revenue growth as well as better margins in Q1FY21 due to spill-over of revenue from Q4FY2020. However, non-availability of logistics and transport coupled with an extended lockdown in Q1FY21 affected our retail sales to some extent. Similarly, the overall demand in the enterprise segment has reduced considerably. Our balance sheet remains strong with zero debt and cash and cash equivalents balance of around Rs 387 cr.”
Segmental Performance for quarter ended 30th June 2020
ü Retail segment revenue at Rs. 668 million as compared to Rs. 457 million in the corresponding period of the previous year.
ü Covid-19 and the lockdown that followed had reduced the overall buying from enterprises. Despite this headwind, the Enterprise and Government segment registered revenue of Rs. 104 million as compared to Rs. 146 million in the corresponding period previous year.