After a decline in Q4 sales and net profit, Quick Heal's shares dropped by 14%.
Quick Heal Technologies is an Indian cybersecurity software company that provides antivirus and internet security products for individual users and businesses. Their products include antivirus and internet security software designed for use by both individual users and businesses. They have a strong presence in the Indian market and have also expanded to other parts of the world.
Due to poor quarterly earnings reported by Quick Heal Technologies, the company's shares plummeted by 14% on April 18 as investors sold off heavily. Quick Heal's consolidated revenue from operations for the quarter ended March dropped 52% YoY to Rs 49.3 crore, and it suffered a net loss of Rs 6.6 crore compared to a profit of Rs 28.09 crore in the same quarter last year. As of 10:00am, Quick Heal's shares were trading 7.7% lower at Rs 136.3 on the BSE.
Quick Heal Total Security, Quick Heal AntiVirus Pro, Quick Heal Internet Security, Quick Heal PC Tuner, Quick Heal Mobile Security, Quick Heal Total Security for Mac, Quick Heal Endpoint Security are the popular brands of the firm.