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Quick Heal Technologies Results: Latest Quarterly Results & Analysis

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Quick Heal Technologies Ltd. 07 May 2025 12:10 PM
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Q4FY25 Quarterly Result Announced for Quick Heal Technologies Ltd.

IT Software Products company Quick Heal Technologies announced Q4FY25 results

  • Revenue: Rs 65.1 crore compared to Rs 80.0 crore during Q4FY24.
  • EBITDA: Rs -8.5 crore compared to Rs 10.0 crore during Q4FY24.
  • EBITDA margin: -13% for Q4FY25.
  • PAT: Rs -3.3 crore compared to Rs 14.0 crore during Q4FY24.
  • PAT margin: -5% for Q4FY25.

Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said: “I am excited to launch our version of Generative AI, SIA, to enable simplified security for our product stack. The successful launches of Seqrite Intelligent Assistant (SIA) and Seqrite Malware Analysis Platform (SMAP) have established new revenue streams, while our Threat Intelligence solution secured its first major enterprise order. The Quick Heal Academy continues to serve as a strategic entry point for large corporates and universities, with five new customer order signed this quarter. Our revamped sales organization is now positioned to execute complex cybersecurity projects at scale. We have been tirelessly working towards strategic project wins from the government and it gives me immense pleasure to state that we have closed a large deal.”

Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies, said: “Growth has been subdued on account of deferred government deals and headwinds in consumer business. While the DPDP Act deferral has temporarily impacted regulatory-driven demand, our Data Privacy Suite remains marketready. We continue to invest heavily in R&D because that is the core DNA of the cybersecurity business. We have launched multiple products through the year in the Horizon-3 category as we had committed. Following prudent accounting principles, we expense all the R&D investments in the P&L. We are fueling our Sales motion through investments in people, channels and marketing events. As we continue to launch new products, our momentum on order book and deferred revenue remains strong. We are committed to lasting shareholder value creation through right investments in the business at the right time.”

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IT Software Products company Quick Heal Technologies announced Q3FY25 results

  • Revenue: Rs 70.6 crore for Q3FY25.
  • EBITDA: -3.8 crore for Q3FY25.
  • EBITDA Margin: -5.3% for Q3FY25.
  • PAT: Rs 0.1 crore for Q3FY25.
  • PAT margin: 0.2% for Q3FY25.

Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said: “We are starting to witness successful execution of our strategic initiatives and the growing momentum in our new product pipeline. The Pan-India market launch of AntiFraud.AI, coupled with the introduction of our Annual Threat Report at the AISS event, demonstrates our thought leadership in the cybersecurity domain. Additionally, the launch of SMAP (Seqrite Malware Analysis platform) and Threat Intelligence (TI) solutions, along with the first order for TI, reflects our ability to address evolving customer needs. With the recent release of the draft DPDP provisions, we are witnessing a surge in interest as our Seqrite Data Privacy products are well-positioned to capitalize on the new regulations. Our focus on innovation and strategic hirings in mid-management positions us well for sustained growth, as we continue to deliver cutting-edge cybersecurity solutions.”

Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies, said: “We have witnessed headwinds in the Consumer business and Government vertical resulting in muted performance in the quarter. We have made conscious investments in the Horizon-3 product launches and the marketing launch of AntiFraud product. I am happy to state that we have launched the new product in the Horizon-3 category as we had committed. While it might have impacted the profitability in the short term, which is Q3, these are long-term investments made towards our growth journey for the future. We are experiencing structural shift in our business, with a growing confirmed order book standing at 7.18 crore as against 35 lacs at the end of Q2. We remain committed to balancing innovation with financial prudence, ensuring long-term value creation for our stakeholders.”

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IT Software Products company Quick Heal Technologies announced Q2FY25 results

Financial Highlights:

  • Revenue: Rs 143.8 crore.
  • EBITDA: Rs 5.7 crore.
  • PAT: Rs 8.2 crore

Kay Highlights:

  • Launched AntiFraud.AI, a new category in consumer security vertical, a cutting-edge solution, aimed at combating sophisticated financial fraud demonstrating its market and thought leadership yet again.
  • Received its 9th Patent in the domain of controlling access to resources in a network, demonstrating its commitment towards constant innovation.
  • Continued development of Horizon-3 products, with a focus on Zero Trust, Threat Intelligence and DPDP readiness solutions as the implementation of the Digital Personal Data Protection Act approaches.
  • Onboarded Sangamesh Shivaputrappa as Head of Seqrite Labs & MDR, and Sonal Raj as Director – Marketing, to further strengthen its leadership team.
  • Seqrite Endpoint Protection received a perfect score of 18.0/18.0, featuring as the top product, in the recent third-party certification done by AV-Test.
  • Quick Heal Total Security received AV-TEST certification, achieving excellent score of 17.5/18.0.
  • Launched its Culture Code, reinforcing its commitment to excellence, integrity, and innovation.
  • Continued profitable growth, balancing innovation with financial prudence.

Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said: “ I am thrilled to announce the launch of AntiFraud.AI, a groundbreaking addition, first of its kind, to our consumer security portfolio that will help in preventing digital frauds for the end consumers. This cutting-edge AI/ML native solution represents a key milestone in our Horizon-3 product roadmap, setting the stage for our future growth. We are proud to report a robust 11% YoY revenue growth and an impressive 238% EBITDA increase in H1FY25, driven by strong performance in both consumer and enterprise verticals. The ongoing success of our Quick Heal and Seqrite brands highlights our ability to deliver cutting-edge cybersecurity solutions. Our relentless pursuit of innovation is further underscored by receiving another patent, this time for controlling access to resources in a network, showcasing the strength of our intellectual property and our commitment to advancing the cybersecurity domain. In our commitment towards deep research and innovation to tackle the advanced malwares and dynamic threat landscape, I am happy that Sangamesh S has joined us to head the Seqrite Lab. “

Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies, said:, "Our H1FY25 financial results demonstrate the success of our strategic initiatives and the growing demand for our cybersecurity solutions. Our momentum is a strong indicator of our future growth potential and the trust our customers place in our long-term value proposition. Our enterprise vertical continues to show continued growth, driven by the increasing adoption of our new product offerings, particularly in the Horizon-2 category. The consumer vertical remains robust, benefiting from our continuous innovation and enhanced product features, even in challenging market conditions. We continue to invest strategically in R&D, including our Horizon-3 products like AntiFraud.AI, while expanding our sales capabilities. These investments, coupled with our focus on operational efficiency, are setting a solid foundation for sustained growth and profitability in the coming quarters and beyond."

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IT Software products company Quick Heal Technologies announced FY24 results:

Financial Highlights:

  • Revenue: Rs 291.8 crore
  • EBITDA: Rs 17.6 crore
  • PAT: Rs 24.2 crore
  • Proposed Dividend: Rs 3 per share

Commenting on the business performance, Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said, “We are pleased to announce another strong quarter and profitable FY24, driven by our unwavering focus on innovation and customer-centric solutions. Towards that commitment, we are happy to state that, our Board has approved further investments in new solutions and products to strengthen our portfolio. As India's only full-stack cybersecurity provider, we are witnessing good demand across all sectors, positioning us for significant growth, particularly in the midto-large enterprise sector. We eagerly anticipate the enforcement of the recently announced DPDP Act and are prepared to leverage our data classification solutions to support its implementation. Further solidifying our commitment to shaping the global cybersecurity narrative, Quick Heal, including Seqrite, our enterprise arm, has become a member of AISIC led by the Govt. of U.S.A. Strategic enterprise partnerships, such as with M Tech Solutions, have strengthened our presence in India, while collaborations with Syscom in the Middle East region and EET in the European Union markets have expanded our global reach. Furthermore, our deliberate efforts in onboarding industry veterans into our leadership last fiscal year reaffirms our commitment to strengthening our delivery capabilities. Reinforcing excellence and to deliver unparalleled customer experiences, we have inaugurated a state-ofthe-art Customer Experience Center at our Headquarters in Pune today.”

Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies, said, “Quick Heal delivered a consistent performance in FY24, driving both revenue growth and profitability. We witnessed a 5% YoY growth in Revenue and 9x EBITDA. Our recently launched new products are gaining traction among customers, contributing to revenue growth in the enterprise segments. Our R&D investments fueled innovation, with Quick Heal version 24 becoming the first in India to receive AV-Labs Poland certification for Safe Browser & Safe Banking, further bolstering consumer business growth. We are intensifying our focus on enterprise engagement and leadership, while continuing to prioritize product innovation and enhancement, market expansion, and stakeholder value creation. We have proposed a dividend of Rs 3 per share in line with our dividend distribution policy.”

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IT Software Products company Quick Heal Technologies announced Q3FY24 results:

  • Achieved Rs 81.9 crore Revenue & Rs 10.1 crore PAT for the quarter Q3FY24
  • Signed an MoU with IIM Nagpur for deep research on cybersecurity
  • Added 59 Enterprise Clients onboarded for new products in Q3FY24
  • Released first ever “India focused Seqrite Cyber Threat Report 2023” in association with the Data Security Council of India (DSCI), highlighting the key insights and actionable recommendations
  • India's only full-stack enterprise cybersecurity company to provide integrated solutions aligned with Cybersecurity Mesh Architecture
  • Became the first Indian cybersecurity company to be certified by AVLab Cybersecurity Foundation, Poland, for Quick Heal’s Safe Browser & Safe Banking feature
  • Recruited Ajit Zanjad, as Head of Delivery and Dr. Lalit Mohan, as the new Chief Product Officer
  • Participated in significant cybersecurity events across the country with the leading industry bodies including AISS, COCON, ISMG, and The Economic Times CISO- Data Protection & Privacy
  • Blocked over 88Mn malicious attacks including 242K ransomware attacks in the quarter

Commenting on the consistent business performance, Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said, "We are pleased to report another quarter of strong performance, driven by our commitment to innovation and customer-centric solutions. As the only Indian full-stack cybersecurity alternative to global giants, we are witnessing steady demand for our products across both consumer and enterprise segments. Our momentum remains strong, poised for growth in the mid and large enterprise segments, solidifying our position further. Reflecting our leadership and expertise in the domain, Seqrite, our enterprise arm, unveiled the first India Cyber Threat Report, backed by in-depth insights and actionable recommendations, analyzed at India’s largest malware analysis facility, Seqrite Labs, in collaboration with the Data Security Council of India. With an exceptional team at Quick Heal and our robust partner network, our unwavering goal is to forge a secure and resilient digital ecosystem, reflecting our dedication to creating a cyber-safe nation and the world."

Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies, said, "We are pleased to share that in Q3FY24, we have delivered consistent results, showcasing a steady growth in revenue and profitability. In line with our commitment to innovation through investments in Research & Development, our Quick Heal version 24 became the first Indian cybersecurity solution to be certified by AVLab Cybersecurity Foundation, Poland, for the Safe Browser & Safe Banking feature. We are strengthening our enterprise engagement by partnering with key channel allies, actively participating in major cybersecurity events, and fortifying overall organizational leadership with new talent onboarded. Looking ahead, we are committed to sustaining our momentum in the coming quarters by further enhancing our product portfolio, expanding our market reach, and creating enduring value for all our stakeholders."

 

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IT Software Products company Quick Heal Technologies announced Q2FY24 & H1FY24 results:

  • Recorded Rs 78.4 crore revenue (52% QoQ growth) & Rs 12.9 crore PAT
  • 82 Enterprise Clients onboarded for new products in H1FY24
  • India's only full-stack enterprise cybersecurity company to provide integrated solutions aligned with Cybersecurity Mesh Architecture
  • Launched Quick Heal Version 24 with ground-breaking & unique features like metaProtect - a cloud-based security management platform revolutionizing consumer cybersecurity
  • Over 80 million malicious attacks including 300K ransomware attacks detected & prevented in the quarter
  • Empowered over 50 lakh lives through our CSR initiatives till date

Speaking about the business performance Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said, “This quarter has been a dynamic and exciting period for us. We are delighted to announce a significant turnaround for the company and our strategic focus remains on achieving profitable growth. We deeply understand the challenges faced by Chief Information Security Officers when it comes to managing and integrating multiple security products. Hence, we are committed to R&D and innovation that fuels the development of secure and simplified solutions for businesses, individuals, and nations. We take pride in being India's only full-stack enterprise cybersecurity platform provider through our brand SEQRITE, to offer integrated, modular, scalable, sentient, and easy-to-deploy & operate solutions. Our primary goal is to ensure a sustainable secure digital future for all.”

Ankit Maheshwari, Chief Financial Officer of Quick Heal Technologies, said, “Our continued investment in research and development, supported by focused sales and marketing, has yielded consistent growth in both our revenue and profitability. We have witnessed a steady increase in revenues by 52% QoQ and profitable growth. Our newly introduced products are gaining market traction at a steady pace. We are excited to see signs of a revival in our consumer business, which has shown promising indicators of a rebound, while our enterprise segment maintains a steady growth trajectory. Our unwavering commitment remains centered on delivering lasting value to our investors and stakeholders.”

 

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IT software products company Quick Heal Technologies announced Q2FY23 results:

  • Q2FY23:
    • Revenue at Rs 101 crore
    • EBIDTA at Rs 28.4 crore
    • PAT at Rs 22.2 crore
  • H1FY23
    • Revenue at Rs162 crore
    • EBITDA at Rs 29.4 crore
    • PAT at Rs 22.3 crore

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 Rs 100 crore 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 Rs 338 crore 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.”

 

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IT Software Products company Quick Heal Technologies declares Q3FY22 result:

  • Quick Heal Technologies Third Quarter Revenue Grows 14%, Enterprise segment continues to grow in double digits
  • Revenue at Rs 796 mln up 14%
  • EBIDTA at Rs 205 mln up 24%
  • PAT at Rs 143 mln up 6%
  • EPS at Rs 2.45 up 17%
  • Continues to be a debt free company

Dr. Kailash Katkar, Managing Director and Chief Executive Officer, Quick Heal Technologies Limited, said, “We delivered a robust third quarter in terms of revenue, subscribers, profitability and cash flow which is a testament to our team’s strong execution. Our continued commitment to secure our customers’ ever-increasing online footprint helped us add 818 thousand new subscribers. The growth in enterprise segment has been promising and we expect the momentum to continue in the coming quarters.

In line with our strategy to boost market share, we continue to invest in R&D and strengthen leadership team that will enable us to launch next-generation solutions in the coming quarters,” he added.

Mr. Navin Sharma, Chief Financial Officer, Quick Heal Technologies Limited, said, “We delivered solid results in Q3, as continued strong demand for our cybersecurity products across our diversified global go-to-market channels, coupled with our focus on operational discipline, resulted in 14% Y-o-Y growth in Revenue and 24% Y-o-Y growth in EBITDA. In line with our continued focus on R&D and innovation, we spent 27% of revenues as R&D during the quarter. Our balance sheet remains strong with zero debt and cash and cash equivalents of Rs 3,275 mln as on 31st December 2021. We are committed to driving shareholder value by growing profitability across both of our segments and driving solid Unlevered Cash Flow.”

 

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Highlights

  • Revenue at Rs 1,038 mln up 23%
  • EBIDTA at Rs 463 mln up 18%
  • PAT at Rs 346 mln up 20%
  • Cash PAT at Rs 388 mln up 15%
  • The company delivered strong revenue and profitability for the quarter while further consolidating its position in the retail as well as enterprise and government segment.

Dr. Kailash Katkar, Managing Director and Chief Executive Officer, Quick Heal Technologies Limited, said, “Our robust all-round performance during the quarter in terms of revenue, profitability and cash flow generation along with strong growth outlook continue to demonstrate our strategic focus and the strength of our offerings in the cybersecurity space. Despite all the challenges due to COVID
related disruptions, we have demonstrated our agility with strong performance in both retail as well as enterprise and government segment.

He further added, “We have been able to achieve double digit growth in the enterprise segment consistently in the last few quarters. In line with our strategy to boost market share, we continue to invest in R&D and strengthen leadership team that will enable us to launch next-generation solutions in the coming quarters.”

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, said, “With easing of lockdown restrictions and continuous improvement in economic activity post the second wave of COVID-19, the company witnessed significant growth in the current quarter. With economy rebounding sharply, we have increased our investment in marketing & brand promotion along with continued focus on innovation. This will help in increasing brand recognition and customer reach which will accelerate future growth. We were able to manage our working capital in an efficient way which has resulted in better cash flow. Our balance sheet remains strong with zero debt and cash and cash equivalents of Rs 3,166 mln as on 30th September 2021.”

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