Quick Heal Technologies Ltd reports Rs. 13.46 crore consolidated PAT in Q3 FY2020-21

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

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.76.16 crores during the period ended December 31, 2020 as compared to Rs.90.23 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.13.46 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.28.83 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.09 for the period ended December 31, 2020 as compared to Rs.4.49 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 76.16 crs	₹ 90.23 crs	-15.59%
Net Profit	₹ 13.46 crs	₹ 28.83 crs	-53.31%
EPS	₹ 2.09	₹ 4.49	-53.45%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.76.16 crores during the period ended December 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.13.46 crores for the period ended December 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.2.09 for the period ended December 31, 2020 as compared to Rs.2.77 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 76.16 crs	₹ 73.27 crs	3.94%
Net Profit	₹ 13.46 crs	₹ 17.78 crs	-24.3%
EPS	₹ 2.09	₹ 2.77	-24.55%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.246.17 crores during the 9 months period ended December 31, 2020 as compared to Rs.245.23 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.67.25 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.66.41 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.10.47 for the 9 months period ended December 31, 2020 as compared to Rs.10.05 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 246.17 crs	₹ 245.23 crs	0.38%
Net Profit	₹ 67.25 crs	₹ 66.41 crs	1.26%
EPS	₹ 10.47	₹10.05	4.18%

Dr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; "We delivered good revenue performance during the third quarter as the Indian economy slowly started recovering from the Covid-19 pandemic. On the R&D front, with the appointment of industry veterans like Sanjay Agrawal and Bibhuti Kar, we have accelerated new product development efforts to strengthen our enterprise business under 'Seqrite'. Furthermore, we recently announced additional investment in Israel based company - L7 Defense, reiterating our commitment to invest in disruptive technologies that will shape the future of cybersecurity while supporting innovative start-ups. With economy slowly recovering and increase in cybersecurity awareness, we are confident to end the year on a positive note."

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added; "We have performed better in what traditionally remains a weak quarter for us with quarterly revenue growing 6.3% YoY basis. With economy slowly recovering, we have increased our investments in advertisements and continued focus in R&D innovations have affected our margins. Our balance sheet remains strong with zero debt and a cash and cash equivalents balance of ₹4,787 mln."

Shares of Quick Heal Technologies Ltd was last trading in BSE at Rs.168.8 as compared to the previous close of Rs. 165.25. The total number of shares traded during the day was 60686 in over 1306 trades.

The stock hit an intraday high of Rs. 169.95 and intraday low of 165. The net turnover during the day was Rs. 10199617.

Source : Equity Bulls

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