Quick Heal Sep qtr net profit up 9.4% to Rs 42.1 cr

Indian IT security firm Quick Heal reported about 9.4 percent rise in consolidated net profit at Rs 42.1 crore for the quarter ended September 2018.

This is against a net profit of Rs 38.4 crore in the July-September 2017 quarter, Quick Heal said in a regulatory filing.

The company's total revenue increased 3.8 percent to Rs 109.1 crore in the said quarter from Rs 105 crore in the year-ago period, it added.

On standalone basis, the net profit declined about 4 percent to Rs 37.7 crore, while total revenue grew by 4.1 percent to Rs 108.8 crore in the quarter under review over last fiscal.

"There has been a steady momentum in the business which is visible from our H1FY19 performance. We have been actively engaging with the channel ecosystem, which has resulted in a better performance in Retail as well as Enterprise and Government segment," Quick Heal Technologies Managing Director and CEO Kailash Katkar said.