Quick Heal Technologies Limited , a leading global cybersecurity solutions provider, has announced its financial results for the first quarter ended June 30. The company reported a challenging quarter with declining revenue but highlighted strategic initiatives aimed at long-term growth.

Financial Performance

Quick Heal's consolidated revenue for Q1 stood at ₹57.20 crore, marking an 18.6% year-over-year decline from ₹70.30 crore in the same quarter last year. The company reported an EBITDA loss of ₹9.70 crore, compared to a positive EBITDA of ₹2.60 crore in the corresponding quarter. The net loss for the quarter was ₹5.50 crore, a significant drop from a net profit of ₹4.00 crore in the previous year's Q1.

Key Financial Metrics

Business Highlights

Despite the financial challenges, Quick Heal reported several positive developments:

1. AntiFraud.AI Freemium Launch: Introduced a freemium offering to accelerate consumer adoption.
2. Strategic Partnerships: Partnered with Bhashini to embed multilingual AI in cybersecurity, enhancing digital inclusion and privacy compliance.
3. International Growth: Achieved approximately 2x year-over-year revenue growth in key international markets.
4. Product Recognition: Seqrite featured in a report by a leading global analyst firm.
5. Order Book: Reported an order book of ₹24+ crore as of the reporting date.
6. Deferred Revenue: Stood at ₹16.60 crore as of June 30.

Management Commentary

Vishal Salvi, Chief Executive Officer of Quick Heal Technologies Limited, commented on the results: "Q1 was softer than anticipated, primarily impacted by headwinds in the consumer business and deferral of key enterprise deal closures. While these factors affected near-term performance, we have strengthened our partner ecosystem and accelerated adoption of our next-gen cybersecurity solutions."

Ankit Maheshwari, Chief Financial Officer, added: "The topline performance this quarter was milder than forecasted. We are aggressively working towards renewing our momentum in consumer business and deal closures in the Enterprise business. We continue to invest in R&D and Sales & Marketing to build a large qualified pipeline and predictable growth for future quarters."

Strategic Focus

Quick Heal is emphasizing its position as a leading Indian cybersecurity vendor providing trusted indigenous solutions. The company is well-positioned as India's alternative for Atmanirbharta in the cybersecurity domain, aiming to safeguard the nation's digital infrastructure and enhance cyber resilience amid escalating geopolitical conflicts and growing global cyber threats.

Outlook

As Quick Heal Technologies moves into Q2, the company remains focused on sharpening execution, deepening customer relationships, and harnessing AI innovations to simplify cybersecurity at scale. With strategic investments, strengthened partnerships, and disciplined financial management, Quick Heal Technologies Limited is positioning itself to deliver resilient, long-term growth and value for all stakeholders.

The company's shift towards a more balanced revenue mix between consumer and enterprise segments, along with its focus on cloud-based solutions, indicates a strategic realignment to address evolving market demands and opportunities in the cybersecurity landscape.

Quick Heal Technologies Limited , a leading Indian cybersecurity solutions provider, has reported its financial results for the first quarter. The company faced headwinds in its consumer business and experienced delays in enterprise deal closures, resulting in a decline in revenue and a net loss for the quarter.

Financial Performance

Quick Heal reported a consolidated revenue of ₹57.20 crores for Q1, marking an 18.6% decrease from ₹70.30 crores in the same quarter last year. The company posted a net loss of ₹5.50 crores, compared to a profit of ₹4.00 crores in Q1 of the previous year. EBITDA turned negative at ₹9.70 crores with a margin of -17.0%, down from ₹2.60 crores and a 3.7% margin in the previous year.

Business Highlights

Despite the challenging quarter, Quick Heal made progress on several strategic fronts:

1. AntiFraud.AI Freemium Launch: The company introduced a freemium offering to accelerate adoption among consumers.

2. International Growth: Quick Heal achieved approximately 2x year-over-year revenue growth in key international markets.

3. Product Innovation: The company launched SIA (Seqrite Intelligent Assistant), a GenAI-powered virtual security analyst.

4. Order Book and Deferred Revenue: Quick Heal maintained an order book of ₹24+ crores and deferred revenue of ₹16.60 crores.

5. Strategic Partnerships: The company partnered with Bhashini to embed multilingual AI in cybersecurity, driving digital inclusion and privacy compliance.

Leadership Changes

The company announced significant changes in its leadership:

• Vishal Salvi, Chief Executive Officer, resigned with his departure effective August 31.
• Ms. Amita Mirajkar was appointed as an Additional Director and Woman Independent Director, effective August 7, subject to shareholder approval at the ensuing Annual General Meeting.

Management Commentary

Vishal Salvi, Chief Executive Officer, commented on the results: "Q1 was softer than anticipated, primarily impacted by headwinds in the consumer business and deferral of key enterprise deal closures. While these factors affected near-term performance, we have strengthened our partner ecosystem and accelerated adoption of our next-gen cybersecurity solutions."

Ankit Maheshwari, Chief Financial Officer, added: "We are aggressively working towards renewing our momentum in consumer business and deal closures in the Enterprise business. We continue to invest in R&D and Sales & Marketing to build a large qualified pipeline and predictable growth for future quarters."

Future Outlook

As Quick Heal Technologies moves into Q2, the company remains focused on sharpening execution, deepening customer relationships, and harnessing AI innovations to simplify cybersecurity at scale. With strategic investments, strengthened partnerships, and disciplined financial management, Quick Heal is positioning itself to deliver resilient, long-term growth and value for all stakeholders.

The company's role as a leading Indian cybersecurity vendor providing trusted indigenous solutions places it well to contribute to India's "Atmanirbharta" (self-reliance) in the cybersecurity domain, particularly in safeguarding the nation's digital infrastructure amid escalating global cyber threats.