Shares of Quick Heal Technologies, on Friday, soared up to 8 per cent to a fresh 52-week high of Rs 187 on the National Stock Exchange (NSE), in an otherwise weak market, after the company said its board will consider a share buyback on March 10, 2021. The security software provider s stock has advanced 9.1 per cent in the last one month (till Thursday) as compared to a 1.2 per cent rise in the benchmark Nifty50 index.
Quick Heal Technologies is one of the leading providers of IT security and data protection solutions with a strong footprint in India and an evolving global presence. In the December 2020 quarter, Quick Heal s consolidated net profit declined 24.3 per cent year-on-year (YoY) to Rs 13.4 crore. Its total revenue, however, grew 6.3 per cent YoY to Rs 69.8 crore in the quarter under review.
Quick Heal Technologies Ltd reports Rs. 13.46 crore consolidated PAT in Q3 FY2020-21
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Quick Heal Technologies Ltd has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.76.16 crores during the period ended December 31, 2020 as compared to Rs.90.23 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.13.46 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.28.83 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.2.09 for the period ended December 31, 2020 as compared to Rs.4.49 for the period ended September 30, 2020.
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As the number of variables increase, the ability of rule that sets to segregate malice from the usual is not straightforward, rendering AI/ML as a better choice. - Bibhuti Kar, Quick Heal Technologies
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