Quick Heal Technologies Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Quick Heal Technologies Ltd reported a 4.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 12.3%.
- Its expenses for the quarter were up by 5.7% QoQ and 5.8% YoY.
- The net profit decreased 97.3% QoQ and decreased 98.9% YoY.
- The earnings per share (EPS) of Quick Heal Technologies Ltd - at - during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 75.52 | 78.69 | 86.07 | -4.0% | -12.3% |
Total Expenses | 77.83 | 73.62 | 73.54 | 5.7% | 5.8% |
Profit Before Tax | -2.31 | 5.07 | 12.53 | -145.6% | -118.4% |
Tax | -2.42 | 0.92 | 2.47 | -363.0% | -198.0% |
Profit After Tax | 0.11 | 4.15 | 10.06 | -97.3% | -98.9% |
Earnings Per Share | 0.00 | 0.80 | 1.90 | -100.0% | -100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Quick Heal Technologies Ltd is a prominent player in the cybersecurity industry, primarily known for its antivirus and IT security solutions. The company offers a wide range of products and services, including endpoint security, network security, and data security, catering to both individual consumers and enterprises. Quick Heal's products are designed to protect against a variety of threats such as malware, ransomware, and other cyber attacks. In recent years, the company has focused on enhancing its product suite and expanding its market presence through strategic partnerships and technological advancements. However, any recent major developments beyond October 2023 are not available at this time.
Revenue
In the third quarter of the fiscal year 2025, Quick Heal Technologies Ltd reported a total income of ₹75.52 crores. This figure reflects a decline of 4.0% when compared to the previous quarter (Q2FY25), where the total income was ₹78.69 crores. Moreover, when compared year-over-year, there was a notable decrease of 12.3% from Q3FY24, when the total income stood at ₹86.07 crores. These figures indicate a downward trend in revenue over both the quarter-on-quarter and year-on-year periods. This decline in revenue could be a result of various market factors or changes in sales dynamics within the cybersecurity industry.
Profitability
The profitability metrics for Quick Heal Technologies Ltd in Q3FY25 show significant changes from previous periods. The company reported a Profit Before Tax (PBT) of ₹-2.31 crores, a stark contrast to ₹5.07 crores in Q2FY25 and ₹12.53 crores in Q3FY24. This represents a quarter-over-quarter decline of 145.6% and a year-over-year decrease of 118.4%. The tax expense for Q3FY25 was a credit of ₹-2.42 crores compared to a tax expense of ₹0.92 crores in Q2FY25 and ₹2.47 crores in Q3FY24. Consequently, the Profit After Tax (PAT) was ₹0.11 crores for Q3FY25, compared to ₹4.15 crores in Q2FY25 and ₹10.06 crores in Q3FY24, marking a significant reduction of 97.3% QoQ and 98.9% YoY. Earnings Per Share (EPS) also declined to ₹0.00, from ₹0.80 in the previous quarter and ₹1.90 in the same quarter last year, showing a 100% decrease both QoQ and YoY.
Operating Metrics
The operating metrics for Quick Heal Technologies Ltd in Q3FY25 reveal trends in expenses and earnings. Total expenses for the quarter were ₹77.83 crores, an increase of 5.7% compared to ₹73.62 crores in Q2FY25 and a 5.8% increase from ₹73.54 crores in Q3FY24. The rise in expenses amidst declining revenue contributed to the downturn in profitability metrics. The Earnings Per Share (EPS), a key measure of profitability on a per-share basis, was recorded at ₹0.00 for Q3FY25, indicating no earnings per share for the quarter. This marks a significant drop from the previous quarter and the same quarter last year, both of which recorded positive EPS values. The financial data does not provide specific information on other operating metrics or financial ratios such as P/E ratio, debt-to-equity ratio, or current ratio, thus limiting further analysis in this section.
