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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%

November 13, 2018: 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.”

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added “We have been actively working on various strategies to fuel growth in the business and at the same time also maintain strict cost controls. The strategy has paid off in H1 FY19, wherein we have witnessed 20% growth in revenues and increase in EBITDA and PAT margins by 1,019 bps and 965 bps respectively.”

Mr. Vijay Mhaskar, Chief Operating Officer, Quick Heal Technologies Limited, commented “The cyber threat landscape has been presenting new challenges every day and to ensure security of the digital world, we have been regularly enhancing the features of our existing products as well as launching new products to counter the threat landscape. The launch of Secure Web Gateway is a testimony to our commitment and ability to create customised solutions for the diversified needs of our customers. We are constantly working towards faster growth in Enterprise & Government segment and are confident of replicating our success of retail business on the Enterprise side as well.”

Awards and Accreditations:-

  • Seqrite Endpoint Security certified as ‘Approved Corporate Endpoint Protection for Windows’ by ‘AV-Test’

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