Quick Heal Sep qtr net profit up 9.4% to Rs 42.1 cr

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

Indian IT security firm Quick Heal reported about 9.4 percent rise in consolidated net profit at Rs 42.1 crore for the quarter ended September 2018.

This is against a net profit of Rs 38.4 crore in the July-September 2017 quarter, Quick Heal said in a regulatory filing.

The company's total revenue increased 3.8 percent to Rs 109.1 crore in the said quarter from Rs 105 crore in the year-ago period, it added.

On standalone basis, the net profit declined about 4 percent to Rs 37.7 crore, while total revenue grew by 4.1 percent to Rs 108.8 crore in the quarter under review over last fiscal.

"There has been a steady momentum in the business which is visible from our H1FY19 performance. We have been actively engaging with the channel ecosystem, which has resulted in a better performance in Retail as well as Enterprise and Government segment," Quick Heal Technologies Managing Director and CEO Kailash Katkar said.