Quick Heal Technologies : Q1 2024 Financial Quarterly Report : YoY Sales Up 36.67 %, QoQ Down 12.17 %

The comprehensive analytics outlining the performance and outlook of Quick Heal Technologies Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Quick Heal Technologies Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 36.67 %. However, it did see a marginal slip of -12.17 % from the previous quarter. Expenses decreased slightly by -3.33 % quarter-on-quarter, aligning with the annual rise of 1.56 %. Operating profit, while up 117.24 % compared to last year, faced a quarter-on-quarter dip of -73.88 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 33.28 %, but a shrinkage of -8.8 % sequentially. Other income fell by -25.81 % compared to the last quarter, despite an annual growth of 6.98 %. Interest expenses dropped significantly by -61.54 % from the previous quarter, Depreciation costs fell by -12.26 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.78 %. Profit before tax grew annually by 136.12 % but saw a reduction from the preceding quarter by -64.25 %.
Tax expenses as a percentage of profits increased slightly by 20 % compared to last year, with a more notable quarter-on-quarter increase of 12.5 %. Net profit rose by 131.52 % year-on-year but witnessed a -71.06 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 130.45 % but a quarterly fall of -71.21 %. In summary, Quick Heal Technologies Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Quick Heal Technologies Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 36.67 % year-on-year growth, although there was a slight dip of -12.17 % from the previous quarter. Expenses rose by 1.56 % compared to the previous year, with a decrease of -3.33 % quarter-on-quarter. Operating Profit surged by 117.24 % annually, and saw a -73.88 % decrease from the last quarter.
Net Profit showed yearly increase of 131.52 %, and experienced a -71.06 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 130.45 % annually, however dipped by -71.21 % compared to the last quarter. In essence, while Quick Heal Technologies Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.