Quick Heal share zooms 20% after net profit rises multifold in Q4
Share of Quick Heal Technologies rose nearly 20 per cent to hit a fresh 52-week high of Rs 227.45 on BSE after the company reported a multifold growth in net profit to Rs 39.7 crore for the quarter ended March 31
BusinessToday.In | May 17, 2021 | Updated 11:45 IST
Representative Image
Share of Quick Heal Technologies rose nearly 20 per cent to hit a fresh 52-week high of Rs 227.45 on BSE after the company reported a multifold growth in net profit to Rs 39.7 crore for the quarter ended March 31. Profit in the year-ago period stood at Rs 7.9 crore.
Quick Heal Technologies jumped 13.14% to Rs 214.45 after the company s consolidated net profit soared 397% to Rs 39.73 crore on 63.9% jump in net sales to Rs 105.29 crore in Q4 FY21 over Q4 FY20.Profit before tax surged to Rs 54.51 crore in Q4 FY21 as against Rs 10.23 crore in Q4 FY20. The company s revenue from retail segment increased by 75.3% year on year to 95.6 crore in Q4 FY21 over Q4 FY20. Revenue from Enterprise and Government segment grew by 42.3% to Rs 20.1 crore in Q4 FY21 over Q4 FY20.
EBITDA stood sharply higher at Rs 53.77 crore in Q4 FY21 from Rs 7.58 crore posted in Q4 FY20. The company s EBITDA margins improved significantly to 51.07% in Q4 FY21 from 11.8% in Q4 FY20.
Stocks in news: Bharti Airtel, Mphasis, Cipla, Hero MotoCorp and more
Stocks in news: Bharti Airtel, Mphasis, Cipla, Hero MotoCorp, Punjab National Bank, Adani Green Energy and more
BusinessToday.In | May 17, 2021 | Updated 09:42 IST
Stocks in news: Larsen & Toubro, Mphasis Ltd, Punjab National Bank, Adani Green Energy, Hero MotoCorp, Adani Green Energy, Cipla, Bharti Airtel and more
Sensex and Nifty were likely to open lower today as Nifty futures on the Singapore Exchange fell 107 points, or 0.73 per cent, lower at 14,817. On Friday, benchmark indices closed flat today amid concerns over the economic impact of the second wave of COVID-19. While Sensex ended 41 points higher at 48,732, Nifty fell 18 points to 14,677.
Quick Heal share zooms 20% after net profit rises multifold in Q4 businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Sensex Up Over 400 Points; Nifty Gains 120 Points
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Indian shares rose notably on Friday, mirroring firm cues from global markets after U.S. President Joe Biden signed his $1.9 trillion stimulus bill into law.
The benchmark S&P BSE Sensex climbed 415 points, or 0.8 percent, to 51,694 in early trade, while the broader NSE Nifty index was up 120 points, or 0.8 percent, at 15,294.
Tata Steel, IOC, Larsen & Toubro, BPCL and JSW Steel rallied 2-3 percent while Hero MotoCorp, HDFC Life, Bajaj Auto and SBI Life dropped 1-2 percent.
Tata Motors rose half a percent after unveiling the Ultra Sleek T-Series range of intermediate and light commercial trucks.