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Quick Heal Technologies Limited Reports 26% Revenue Growth And 43% EBIDTA Growth In Q4 FY16

Q4 FY16

  • Revenues grew by 26% on YoY basis to Rs 1,314.4 million

  • EBITDA grew by 43% on YoY basis to Rs 581.8 million

  •  PAT grew by 64% on YoY basis to Rs 378.2 million

FY16

  • Revenues grew by 18% on YoY basis to Rs 3,380.7 million

  • EBITDA grew by 12% on YoY basis to Rs 1,024.6 million

  • PAT grew by 9% on YoY basis to Rs 584.0 million

Quick Heal Technologies Limited (“Quick Heal”), India’s Quickhealleading IT Security Software Products and Solutions provider, reported its audited results for the fourth quarter and full financial year ending 31st March, 2016.

  • Robust growth was displayed across all customer segments. Revenue from Retail, Enterprise & Government and Mobile segments accounted for 85.1%, 13.3% and 1.6% of total revenues respectively in FY16, displaying growth of 16%, 21% and 397% respectively.

  • Number of licenses sold grew by 22% to 6.86 million in FY16. Licenses sold to Retail, Enterprise & Government and Mobile segments were 5.76 million, 0.92 million and 0.18 million respectively in FY16, displaying growth of 18%, 34% and 225% respectively.

  • The Board of Directors approved a dividend of Rs 17.51 crore for FY16 (excluding dividend tax which is Rs. 3.50 crores), translating into dividend of Rs. 2.50 per equity share with face value of Rs 10, with a total dividend payout ratio of 36.1% of PAT.

Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “We witnessed strong growth in revenues and licenses across all product segments. While we continued to increase our Retail market share, our Enterprise & Government segment also witnessed good customer demand and acceptance. We have achieved faster growth in the Enterprise & Government segment and also had a good start in the Mobile products segment. We are focussed on our R&D efforts and will continue to develop new products and introduce enhanced features. We are positive on maintaining our current growth momentum in the future as we see a lot of under-penetration and rising need for IT security in India”

Key Achievements / Awards

  • Received ISO 27001 and ISO 20000 certification for ‘Information Security Management System’ and ‘IT Service Management’ respectively.

  • Signed MoU with the Indian Computer Emergency Response Team (‘CERT-IN’) to address the increasing complexity associated with computer / cyber security in India.

  • Received ICSA Labs Excellence in ‘Information Security Testing’ Award for the 5th consecutive year.

  • Mr Sanjay Katkar, Co-founder and Chief Technology Officer, was honoured with ‘Info Security Products Guide Global Excellence’ Award. He was named as the Product Development / Management Executive of the Year – gold winner in the 12th Annual 2016 Global Excellence Awards for his contribution to the worldwide Information Security sector

  • Quick Heal’s Seqrite product line was announced as the silver winner in the category of ‘Security Products and Solutions for Small Businesses and SOHO’ at the ‘Info Security Products Guide Global Excellence’ Award 2016

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