The cyber security solutions provider reported a consolidated net profit at Rs 6.2 crore for the June 2021 quarter against Rs 25 crore in the year-ago period, it said in a regulatory filing.
Shares of Quick Heal plunged 18 per cent to Rs 246.60 on Monday. It was trading at Rs 255.10 at 9.45 am. BSE Sensex was trading 262.84 points, or 0.48 per cent, higher at 54,540.56 at the same time.
The company’s revenue was at Rs 54.8 crore in the first quarter of FY22, while the same was at Rs 73.5 crore in the April-June 2020 period, Quick Heal said in a regulatory filing.
Quick Heal Technologies Managing Director and CEO Kailash Katkar said the company has delivered good performance in yet another challenging quarter, which was severely disrupted by the second wave of Covid-19.
Shares of Quick Heal Technologies have more than doubled in the last one year. The counter has gained up to 50 per cent in 2021 so far.
The growth in the enterprise segment has been promising and the company expects the momentum to continue in the coming quarters, Katkar added.
