Quick Heal Technologies (QUICKHEAL) Q4 23/24 earnings summary

Executive summary

• FY24 delivered 5% YoY revenue growth and improved profitability, with enterprise products and customer additions supporting the shift toward a broader cybersecurity platform.

• Strategy centers on integrated, modular cybersecurity solutions, with increased focus on mid- to large-enterprise customers and data privacy needs.

Financial highlights

• FY24 revenue was ₹291.8 Cr, up 5% YoY; EBITDA ₹17.6 Cr, up 834% YoY; PAT ₹24.2 Cr, up 279% YoY; diluted EPS ₹4.5, up 293% YoY.

• Q4 FY24 revenue was ₹80.0 Cr vs ₹49.3 Cr in Q4 FY23; PAT ₹14.0 Cr vs a loss of ₹6.6 Cr.

• FY24 gross profit was ₹283.9 Cr vs ₹267.8 Cr; gross margin was 97.3% vs 96.3%.

• FY24 consumer revenue was ₹204.4 Cr, up 3% YoY, and enterprise revenue ₹119.5 Cr, up 12% YoY; both based on gross revenue before sales incentives.

Outlook and guidance

• Management cited good demand across sectors and anticipated significant growth, particularly in mid- to large-enterprise markets.

• Further investment in new solutions and products was approved; newly launched products were gaining customer traction and contributing to enterprise revenue growth.

• Serviceable operating market estimates rise from ₹1,100 Cr in FY23 to ₹4,000 Cr in FY27, driven by threats, product launches, higher-segment expansion and DPDP enforcement.