Quick Heal Technologies Ltd Q4 FY20 consolidated PAT at Rs. 7.99 crore

Quick Heal Technologies Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.72.49 crores during the period ended March 31, 2020 as compared to Rs.73.27 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.7.99 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.17.78 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.24 for the period ended March 31, 2020 as compared to Rs.2.77 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 72.49 crs	₹ 73.27 crs	-1.06%
Net Profit	₹ 7.99 crs	₹ 17.78 crs	-55.06%
EPS	₹ 1.24	₹ 2.77	-55.23%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.72.49 crores during the period ended March 31, 2020 as compared to Rs.94.51 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.7.99 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.27.74 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.1.24 for the period ended March 31, 2020 as compared to Rs.3.37 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 72.49 crs	₹ 94.51 crs	-23.3%
Net Profit	₹ 7.99 crs	₹ 27.74 crs	-71.2%
EPS	₹ 1.24	₹ 3.37	-63.2%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.317.73 crores during the 12 months period ended March 31, 2020 as compared to Rs.347.59 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.74.41 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.91.82 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.11.34 for the 12 months period ended March 31, 2020 as compared to Rs.13.02 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 317.73 crs	₹ 347.59 crs	-8.59%
Net Profit	₹ 74.41 crs	₹ 91.82 crs	-18.96%
EPS	₹ 11.34	₹13.02	-12.9%

Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said: "COVID-19 has severely disrupted the economy and its impact was visible on our performance with overall decline in Q4 sales which, historically, has been a strong quarter for us. During the quarter, we witnessed threat actors riding on the COVID-19 wave to target consumers and businesses working remotely. I'm extremely proud of the way we handled these attacks and ensured a safe and seamless digital experience for our customers. In these testing times, we remain deeply committed to providing a high level of digital security to our customers, maintain operational excellence and continue to deliver innovative solutions to grow our business in future."

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added "Our financial performance for the year and quarter were impacted due the lock down imposed due to COVID-19 and the corresponding disruptions to our business. We continue to maintain financial discipline with several cost control measures underway. Our balance sheet remains strong with zero debt and a cash and cash equivalents of around Rs 387 cr."

Shares of Quick Heal Technologies Ltd was last trading in BSE at Rs.116.1 as compared to the previous close of Rs. 107.75. The total number of shares traded during the day was 34011 in over 1202 trades.

The stock hit an intraday high of Rs. 116.75 and intraday low of 109. The net turnover during the day was Rs. 3884344.

Source : Equity Bulls

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