Quick Heal Technologies posts its quarterly results with ~26% YoY growth in the Enterprise segment

Q2-FY23 Highlights: H1-FY23 Highlights:
•   Revenue at ₹101 Cr Revenue at ₹162 Cr
•   EBIDTA at ₹28.4 Cr EBITDA at ₹29.4 Cr
•   PAT at ₹22.2 Cr PAT at ₹22.3 Cr

19 October, 2022: Quick Heal Technologies Limited, one of the leading providers of cybersecurity and data protection solutions to consumers, businesses and government, reported its unaudited results for the quarter and half year ended 30th September 2022.

Consolidated Financial Highlights:

(INR Crs)



YoY Change



YoY Change


















(1,652) bps



(1,433) bps








PAT Margin



(1,143) bps



(1,195) bps

Dr. Kailash Katkar, Managing Director and Chief Executive Officer, Quick Heal Technologies Limited, said, “We continue to deliver strong growth in our revenues in the enterprise segment. Q2 marks 9th straight quarter delivering YoY growth for the Enterprise segment. This solidifies our belief in the business we incubated from scratch years ago and has crossed ₹100 Cr revenues in TTM basis. We have taken focussed initiatives and interventions towards our consumer segment which is degrowing at 11% to bring it back to the growth path. We have been investing heavily into our R&D and S&M for achieving our vision of growing multifold in the years to come,” he added.

Mr. Navin Sharma, Chief Financial Officer, Quick Heal Technologies Limited, said, “The need for cybersecurity is fundamentally increasing owing to the developments happening across the globe. We are overlooking bright opportunities and investing heavily in R&D and S&M to address the core and evolving needs of the customers. R&D investments for the quarter stands at 30% while the S&M stands at 25%. Our balance sheet remains strong with zero debt and cash and cash equivalents of ₹ 338 Cr as on 30th September 2022. We are committed to driving shareholder value by growing profitability across both of our segments and driving solid Unlevered Cash Flow and constantly rewarding our shareholders though buyback and dividend distribution programs.”

Segmental performance for the quarter and half year ended 30th September 2022:

  • Enterprise and Government segment crossed ₹100 Cr revenue on a TTM basis for the first time. Revenues for the quarter stood at ₹28 Cr as compared to ₹22 Cr in the same period of the corresponding year, up 26.2% YoY and ₹51 Cr for the half year as compared to ₹38 Cr in the same period of the corresponding year, up 35.4% YoY.
  • Retail segment revenue stood at ₹79 Cr for Q2 as compared to ₹89 Cr in the same period of the corresponding year, down 11.1% YoY and ₹121 Cr for H1-FY23 as compared to ₹131 Cr in the same period of the corresponding year, down 7.9% YoY.

Key updates for Q2/H1-FY23:

  • The Enterprise business segment where the company is investing in and represents 95% of the cybersecurity market, continued to witness strong and encouraging growth.
  • Two large government companies entrust Seqrite for their security solutions
  • Consumer business witnessed marginal decline with the overall market growth stagnant. Increased focus in the online/digital channels to attain dominant market leadership as in the physical distribution channel.
  • Engagement with the consulting company for ensuring right interventions w.r.t the strategic direction of the company in an agile manner.
  • Kicked off flagship initiatives of “Cyber Shiksha for Cyber Suraksha” and “Earn & Learn” which aims to sensitize over 7,00,000 students on Cybersecurity across India

About Quick Heal Technologies Limited

Quick Heal Technologies Limited is one of the leading providers of Cybersecurity and Data Protection Solutions with a strong footprint in India and an evolving global presence. Incorporated in the year 1995, with a registered office in Pune, it is an all-round player in cybersecurity with presence in B2B, B2G and B2C segments and multiple product categories – endpoints, network, data and mobility.

It helps in simplifying security by delivering the best-in-class protection against advanced cyber-threats to millions of its customers and enterprises. Quick Heal’s portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices.

For more information about the Company, please visit our website www.quickheal.co.in

Safe Harbor Statement

This document may contain forward-looking statements about Quick Heal Technologies Limited, which are based on the beliefs, opinions, and expectations of the company’s management as the date of this press release and the companies do not assume any obligation to update their forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements

For further details please contact:


Quick Heal Technologies Limited

CIN No: L72200MH1995PLC091408

Mr. Deepak Kumar

Email id: deepak.kumar01@quickheal.co.in