The shares of the leading IT solutions provider gained up to 5 percent after the company’s net profit and revenue increased by 40 percent and 63 percent YoY, respectively, in the fourth quarter.
With a market capitalization of Rs 2,771.61 crore, the shares of Quick Heal Technologies Ltd were trading at Rs 518.30 per share, increasing around 2.01 percent as compared to the previous closing of Rs 505.85 apiece.
Looking into the company’s performance, Quick Heal Technologies Ltd’s revenue decreased by 2 percent on a quarter-on-quarter basis from Rs. 82 crore in Q3FY24 to Rs. 80 crore in Q4FY24. Further, revenue increased by 63 percent year on year, from Rs. 49 crore in Q4FY23 to Rs. 80 crore in Q4FY24.
Quick Heal Technologies Ltd’s net profit decreased by 40 percent on a quarter-on-quarter basis, from Rs. 10 crore in Q3FY24 to Rs. 14 crore in Q4FY24. Further, net profit increased year on year from a loss of Rs. 7 crore in Q4FY23 to a profit of Rs. 14 crore in Q4FY24.
With over 27 years of expertise in the Indian market, Quick Heal has a pan-India presence and over 30% market share in its consumer business. The company supplies over 76 countries and 22 important destinations throughout the world.
Quick Heal’s business is separated into three segments: home and small office, small and medium-sized company, and enterprise and government networks. The program will run on laptops, desktops, notebook computers, mobile and smart devices, servers, clouds, and networks.
The stock has delivered returns of 70.03 percent in the last six months and a multi-bagger return of 281.20 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 3.81 lakh in a year.
Quick Heal Technologies Limited, established in India, provides cybersecurity products and solutions. The Company provides cyber security products for retail customers and companies across many platforms, including PCs, laptops, and MACs.
Written by:- Abhishek Singh
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