Quick Heal Technologies announces FY19 results

• Revenue at Rs. 3,149 million
• EBITDA grew YoY by 6% to Rs. 1,279 million
• EBITDA Margin improved by 281 basis points to 40.6%
• PAT grew YoY by 11% to Rs. 918 million
• PAT Margin improved by 308 basis points to 29%

PUNE, May 10, 2019: Quick Heal Technologies Limited (“Quick Heal”), India’s leading provider of IT Security Software Products and Solutions to individuals, businesses and Government, reported its audited results for the quarter and full year ending 31st March 2019.

Consolidated Financial Highlights:

Segmental Performance for full year ended 31 st March 2019

• Retail segment revenue at Rs. 2,604 million as compared to Rs. 2,741 million in the corresponding period of the previous year
  • Contributes 79% to Total Revenue

• Enterprise and Government segment revenue up at Rs. 701 million as compared to Rs. 647 million in the corresponding period previous year
  • Contributes 21% to Total Revenue

Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “There has been a steady increase in profit margins for the Financial Year, however, the revenue performance has not been in line with our expectations. The Retail segment witnessed a marginal dip of 5% in Revenues whereas volumes have grown by 2%. Enterprise and Government business grew at 8% in Revenues and 11% in volumes inspite of highly competitive marketplace. We expect in current year to see growth momentum supported by higher volumes and better realizations due to innovative product & solutions offerings.”

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added “The improvements in Operating Profits as well as Net Profits is an indication of our relentless efforts on strict cost controls. In Q4, we have consciously kept retail sales at lower levels in order to ensure that there is no unnecessary further increase in Receivables level. As a strategy, we want to limit further elongation of credit period.”

Mr. Vijay Mhaskar, Chief Operating Officer, Quick Heal Technologies Limited, commented “Over the last few quarters we have been focusing on activation and liquidation of stocks at various channel levels by actively engaging with them through customised campaigns. We are also continuously working on enhancing customer experience by introducing innovative products and solutions relevant to the highly dynamic and ever evolving threats and commercial launch of Home Network Security and Enterprise Mobility Management is a testimony of the same. With few more new products in the offing, we strive to keep the customer safe from various cyber threats and widen our offerings resulting in better growth prospects for Retail and Enterprise & Government segment.”

Awards & Accreditations:

• Seqrite received the ‘Best Performance 2018’ award for its Endpoint Security Solution from AVTest Institute in Germany for 2018
• Quick Heal Technologies’ Annual Report FY2017-18 recognised amongst the top 100 reports globally by League of American Communication Professionals (LACP)

About Quick Heal Technologies Limited

Quick Heal Technologies Limited is one of the leading providers of IT security software products and solutions to individuals, businesses and Government. Incorporated in 1995 with a registered office in Pune, Quick Heal has a network of over 25,000 channel partners as on 31st March 2019. 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.

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