Quick Heal Technologies Ltd reports consolidated Q1FY22 PAT of Rs. 6.18 crores

Quick Heal Technologies Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.61.03 crores during the period ended June 30, 2021 as compared to Rs.111.02 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.6.18 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.39.72 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.97 for the period ended June 30, 2021 as compared to Rs.6.19 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 61.03 crs	₹ 111.02 crs	-45.03%
Net Profit	₹ 6.18 crs	₹ 39.72 crs	-84.44%
EPS	₹ 0.97	₹ 6.19	-84.33%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.61.03 crores during the period ended June 30, 2021 as compared to Rs.79.77 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.6.18 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.24.95 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.97 for the period ended June 30, 2021 as compared to Rs.3.89 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 61.03 crs	₹ 79.77 crs	-23.49%
Net Profit	₹ 6.18 crs	₹ 24.95 crs	-75.23%
EPS	₹ 0.97	₹ 3.89	-75.06%

Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; "We have delivered good performance in yet another challenging quarter which was severely disrupted by the second wave of Covid-19.If the revenue spill over of ₹280 mln in Q1 FY21 is left aside, we have registered double digit growth YoY. The growth in enterprise segment has been promising and we expect the momentum to continue in the coming quarters. Our accelerated efforts towards new product development is bearing positive fruit with 'Seqrite Hawkk' range of next-generation cybersecurity solutions making its debut with 'Seqrite HawkkEye'. With more product launches planned under the 'Seqrite Hawkk' umbrella, we are looking forward to explore future growth opportunities."

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added "Our performance remains robust in challenging times of COVID-19 during the quarter. We continue to maintain financial discipline while growing our business to capitalise on the industry tailwinds with improved EBIDTA margins. The company enjoys comfortable liquidity position with strong balance sheet and cash in hand of ₹2968 mln and are rightly positioned to tap the growth opportunities."

Shares of Quick Heal Technologies Limited was last trading in BSE at Rs. 302 as compared to the previous close of Rs. 301.1. The total number of shares traded during the day was 40605 in over 1394 trades.

The stock hit an intraday high of Rs. 306.15 and intraday low of 296.35. The net turnover during the day was Rs. 12263181.

Source : Equity Bulls

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