Quick Heal Technologies Limited Reports Improved PAT in Q3 FY17

Achieves Improved PAT on an YoY basis
9M FY17 – Consolidated Results
•Revenues grew by 10% on YoY basis to Rs 2,088.9 million
•EBITDA grew by 16% on YoY basis to Rs 535.7 million
•PAT grew by 45% on YoY basis to Rs 310.3 million
Q3 FY17 – Consolidated Results
•Revenues marginally declined by 2% on YoY basis to Rs 545.5 million
•EBITDA grew by 45% on YoY basis to Rs 31.7 million
•PAT grew by 154% on YoY basis to Rs 16.2million
Quick Heal Technologies Limited (“Quick Heal”), India’s leading IT Security Software Products and Solutions provider, reported its unaudited and reviewed results for the third quarter and first nine months of the financial year ending 31st March, 2017.
Consolidated –
Unaudited & Reviewed
(Rs Million) Q3 FY17 Q3 FY16 YoY % 9M FY17 9M FY16 YoY %
Revenue 545.5 554.1 -1.5% 2,088.9 1,897.2 10.1%
EBIDTA 31.7 21.8 45.4% 535.7 460.5 16.3%
EBITDA Margin % 5.8% 3.9% 188 bps 25.6% 24.3% 137 bps
PAT 16.2 -29.9 154.3% 310.3 214.5 44.7%
PAT Margin % 3.0% -5.4% 837 bps 14.9% 11.3% 355 bps
• Revenue from Retail, Enterprise&Government and Mobile segments accounted for 75.9%, 18.9%and 5.2% of total revenues respectively in Q3 FY17.
•Number of licenses sold during Q3 FY17 was 1,128 k. Licenses sold to Retail, Enterprise&Government and Mobile segments were 883 k, 198 k and 47 k respectively in Q3 FY17.
Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “This quarter experienced unforeseen developments impacting the overall economy of the country. However, our Q3FY17 results give me an assurance that we continue to be strong fundamentally and therefore, in spite of the overall economic scenario, we have been able to sustain our revenue growth and improve profits on a year-on-year basis
He further added; “Although, demonetization will have positive impact on the long-term health of the country’s economy; it has given us a useful insight in terms of the priority given to the purchase of IT security solutions. We see a need to further strengthen our efforts towards creating awareness around the need for IT security solutions.”
Key Achievements/Developments
•Seqrite Endpoint Security (EPS) and Quick Heal Total Security recognized as a ‘Top Product’ by AV-Test Institute in their September-October 2016 test results
•Seqrite EPS Enterprise Suite Edition awarded the AVLab BEST+++ Award in their October 2016 results
•Quick Heal receives the ‘Top Trademark Driven Industry’ award by Confederation of India Industry (CII) in its Industrial Intellectual Property Awards
About Quick Heal Technologies Limited
Quick Heal Technologies Limited is one of the leading providers of security software products and solutions in India. Incorporated in 1995 with a registered office in Pune, Quick Heal has over 1,350 employees and a network of over 17,000 channel partners on 31stDecember 2016. It conducts sales and marketing activities out of 64 offices and warehouses across 36 cities in India and, through its subsidiaries that are present in Japan, Dubai, the United States of America, and Kenya.
Quick Heal’s portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices. Since its incorporation, more than 24.5 million licenses of Quick Heal’s products have been installed and Quick Heal has over 7.6 million active licenses spread across more than 80 countries as on 31st December, 2016.