Cybersecurity stock with a portfolio of cloud-based security and advanced machine learning-enabled solutions to stop threats, attacks, malicious traffic, and many others jumped upto 9 percent in the day’s trade following the launch of India’s First All-in-One Fraud Prevention Solution.
Price Action
With a market capitalization of Rs. 3,635 Crores, the shares of Quick Heal Technologies Limited were trading at Rs. 675.70 per equity share, up 6 percent from its previous day’s close price of Rs. 639.30.
What Happened
Quick Heal Technologies Limited has announced the launch of India’s first fraud prevention solution AntiFraud.AI, revolutionizing digital safety against the escalating threat of financial fraud which is impacting the new age.
According to the Indian Cybercrime Coordination Centre, financial fraud has reached alarming levels, the approximate amount that Indians lost to fraudsters between January to April 2024 stood at Rs. 1750 crores. These staggering situations demand for comprehensive fraud prevention solutions, a need that Quick Heal’s AntiFraud.AI aims to address head-on.
AntiFraud.AI boasts a wide range of robust features designed to enhance user security and safeguard sensitive information, its Comprehensive protection features include Fraud Call Alert. Banking Fraud Alert, Fraud App Detector, Scam Protection, Dark Web Monitoring, and more
The integration of AntiFraud.AI into Quick Heal Total Security Version 25 delivers holistic protection by combining advanced fraud prevention technology with traditional antivirus functions.
About the Company
Quick Heal Technologies Limited is a global cybersecurity solutions provider. Its current portfolio of cloud-based security and advanced machine learning-enabled solutions stops threats, attacks, and malicious traffic before it strikes.
It offers cyber security products to retail consumers and enterprises, encompassing a range of platforms such as personal computers (PCs), laptops, MACs, and Androids and research-backed enterprise data and network security solutions to organizations and government institutions with varying complexity of information technology (IT) security requirements.
Its products include Quick Heal Total Security, Quick Heal Internet Security, Quick Heal Antivirus Pro, Quick Heal Total Security for Mac, Quick Heal AntiVirus for Server, Quick Heal Total Security Multi-Device, Quick Heal Total Security for Android and Quick Heal Mobile Security and many others.
Financials and Ratios
Its Revenue from operations grew by 36.64 percent from Rs. 51.44 Crores in Q1FY24 to Rs. 70.29 Crores in Q1FY25, accompanied by a loss of Rs. 12.76 Crores to a profit of Rs. 4.03 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 5.30 percent, and a return on capital employed (ROCE) of 5.69 percent. It has reported a debt-to-equity ratio of 0.
Written by: Bharath K.S
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