• Revenue grew by 29% to Rs. 1,187 million
  • EBITDA grew by 79% to Rs. 654 million with a Margin of 55.1%
  • PAT grew by 122% to Rs. 492 million with an improvement in Margin to 41.4%
  • Board of Directors proposed final dividend of Rs. 3 / share (FV. Rs. 10)

PUNE, May 10, 2018: 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

  • Retail segment revenue up 27% to Rs. 1,069 million as compared to Rs. 845 million in the corresponding period of the previous year
    • Contributes 85% to Total Revenue
    • No. of licenses sold grew by 30% to 2.15 million from 1.65 million in Q4 FY17
  • Enterprise & Govt. segment contributes 15% to Total Revenue
    • 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

  • Retail segment revenue contributes 81% to Total Revenue
    • No. of licenses sold grew by 4% to 5.51 million from 5.31 million in FY17
  • 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
    • Contributes 19% to Total Revenue
    • 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:

  • Quick Heal Total Security receives BEST+++ certification from AVLab
  • Seqrite Endpoint Security: Best Overall Speed 2017: Silver Award for the Performance Test by AV-Comparitives
  • Seqrite Endpoint Security is approved Corporate Endpoint Protection for Windows by AV-Test
  • Seqrite Endpoint Security is approved Windows Security Product for the year 2017 by AV-Comparatives
  • Seqrite Endpoint Security is ICSA Labs certified product for the year 2017

 

About Quick Heal Technologies Limited

Quick Heal Technologies Limited is one of the leading providers of IT security software products and solutions in India. Incorporated in 1995 with a registered office in Pune, Quick Heal has a network of over 22,000 channel partners as on 31st March 2018. It conducts sales and marketing activities across India.

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

Company

Investor Relations Advisors

Quick Heal Technologies Limited

CIN No: L72200MH1995PLC091408

Mr. Akash Gosavi

Email id: akash.gosavi@quickheal.co.in

Tel. No.: +91 020 6681 3287

 

Strategic Growth Advisors Pvt. Ltd.

CIN No: U74140MH2010PTC204285

Mr. Jigar Kavaiya

Email id: jigar.kavaiya@sgapl.net

Tel No: +91 7738359389 / 9920602034