Quick Heal Technologies Limited Reports Good Performance in Q2 FY17

Q2 FY 17 – Standalone Results

  • Revenues grew by 25.4% on YoY basis to Rs. 1064.3 million
  • EBITDA grew by 38% on YoY basis to Rs. 555.9 million
  • PAT grew by 45% on YoY basis to Rs. 363.10 million

 Q2 FY 17 – Consolidated Results

  • Revenues grew by 24.5% on YoY basis to Rs. 1067.9 million
  • EBITDA grew by 37.5% on YoY basis to Rs. 537.9 million
  • PAT grew by 44% on YoY basis to Rs. 348.76 million

H1 FY17 – Standalone Results

  • Revenues grew by 16% on YoY basis to Rs. 1539.44 million
  • EBITDA grew by 17% on YoY basis to Rs. 541 million
  • PAT grew by 24% on YoY basis to Rs. 329.22 million
  • PAT before exceptional items grew by 33% on YoY basis to Rs. 353.79 million

 H1 FY17 – Consolidated Results

  • Revenues grew by 15% on YoY basis to Rs. 1543.4 million
  • EBITDA grew by 15% on YoY basis to Rs. 503.9 million
  • PAT grew by 20% on YoY basis to Rs. 294.06 million
  • PAT before exceptional items grew by 30% on YoY basis to Rs. 318.6 million

Quick Heal Technologies Limited (“Quick Heal”),  IT Security Software Products and Solutions provider, recently reported its unaudited and reviewed results for the second quarter and first half of the financial year ending 31st March, 2017.

Key Highlights

 

Consolidated –

Unaudited & Reviewed

(Rs Million)

Q2 FY17Q2 FY16YoY %H1 FY17*H1 FY16YoY %
Revenue1,067.9857.924%1,543.41,343.115%
EBIDTA537.9391.238%503.9438.715%
EBITDA Margin %50.4%45.6%478 bps32.7%32.7%0 bps
PAT348.8240.044%294.1244.420%
PAT Margin %32.4%28.0%438 bps19.05%18.2%250 bps

 

Standalone –

Unaudited & Reviewed

(Rs Million)

Q2 FY17Q2 FY16YoY %H1 FY17*H1 FY16YoY %
Revenue1,064.3849.025.4%1,539.41,328.615.9%
EBIDTA555.9401.938.3%540.9460.817.4%
EBITDA Margin %52.2%47.3%490 bps35.1%34.7%45 bps
PAT363.10249.545.5%329.20265.623.94%
PAT Margin %34.1%29.4%472 bps21.4%20.0%140 bps

 

* In Q1 FY2017 the company reported an exceptional item, which was a charge of Rs. 24.57 million, net of tax

 

  • Revenue from Retail, Enterprise & Government and Mobile segments accounted for 87.3%, 10.9% and 1.9% of total revenues respectively in Q2 FY17.
  • Number of licenses sold during Q2 FY17 was 2,183 k. Licenses sold to Retail, Enterprise & Government and Mobile segments were 1,921 k, 221 k and 41 k respectively in Q2 FY17.

Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “Our Retail segment bounced back during this quarter as we effectively leveraged the dealer channel network to boost sales to the next level. We also focused on cost optimization which helped us to increase our profit after tax. Our Enterprise & Government and Mobile segments have also showed promising growth both in terms of revenue and new sales. We are hopeful of maintaining strong growth momentum and sustaining our leadership position across segments and markets”

Key Achievements / Developments

  • Quick Heal appointed Vijay Mhaskar as Chief Operating Officer (COO). He will be majorly responsible for providing strategic inputs and direction for building the brand, culture and overall business growth.
  • Quick Heal products and solutions have received certifications from various international research institutions. In September 2016, AV-Test, a premier IT-Security Institute in Germany recognized Quick Heal Total Security as one of the top 10 security solutions for Windows home users. The File Activity Monitor feature was given Advanced+ rating by AV-Comparatives.
  • In August 2016, Quick Heal’s enterprise security solution Seqrite Endpoint Security (EPS) has achieved 100% detection results from AV-Test. The solution was also rated high for its advanced behaviour detection technology and Data Loss Prevention (DLP) tool by SC Magazine, a leading journal for cybersecurity professionals in USA.

 

 

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