QUICKHEAL
Quick Heal Technologies financials
- Market cap
- ₹796 Cr
- Sector
- Information Technology
- Calls analysed
- 2
Quick Heal Technologies Limited Q4 FY26
What went well
- Enterprise vertical now represents more than 50% of top line, by design, up from 20% five years back.
- Launched digital risk protection services and ransomware recovery, onboarding initial customers within 2-3 months.
- Onboarded several large BFSI customers for data privacy product, with strong market acceptance.
What to watch
- Revenue remained stagnant over the decade and degrowing for the last two years, with FY26 revenue at Rs. 261 crores vs Rs. 280 crores previous year.
- Posted Rs. 10+ crores of losses for FY26, with negative EBITDA of Rs. 29 crores and negative PAT of Rs. 11 crores.
Guidance record · Q4 FY26
what the last two calls moved 7 tracked 0 delivered 3 missed 4 open- Total Addressable Market (SOM) went quiet said Q2 FY26 Promised: INR 4,000 crores over the 2 to 3 years Q4 FY26: The specific INR 4,000 crore TAM figure was not reiterated. However, management reinforced the underlying strategy by guiding for the enterprise vertical to reach 80-90% of revenue in 2-3 years, which aligns with the previous TAM breakdown.
- Receivables / Collection Issues on track said Q2 FY26 Promised: Confident that in the coming quarters, we will come out of this situation. Q4 FY26: Management reported that overdues, after worsening mid-year to INR 176 crores, have now improved significantly to INR 138 crores due to tightened credit controls, showing progress on the commitment.
All 7 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 21.4%, net profit up 4.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73 | 71 | 65 | 57 | 84 +14% | 72 +1% | 49 −25% | 45 −21% |
| EBITDA | 3 | -4 | -8 | -10 | 9 +201% | 0 +112% | -29 −246% | -18 −81% |
| Net profit | 4 | 0 | -3 | -6 | 8 +91% | 7 +5909% | -20 −514% | -5 +4% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −56.5% 1Y
1Y: ₹338.9 on 10 Sept 2025 → ₹147.52. High ₹347.55 (16 Oct 2025), low ₹125.53 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −7.1%
- 22 May
- Q2 FY26
- +1.8%
- 16 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 2.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to -11.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹278 Cr | ₹292 Cr | ₹280 Cr | ₹261 Cr |
| Operating profit | ₹2 Cr | ₹18 Cr | ₹-7 Cr | ₹-29 Cr |
| Operating margin | 0.7% | 6.0% | -2.4% | -11.3% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹16 Cr | ₹13 Cr | ₹13 Cr | ₹14 Cr |
| Net profit | ₹6 Cr | ₹24 Cr | ₹5 Cr | ₹-11 Cr |
| Net margin | 2.2% | 8.3% | 1.8% | -4.2% |
| Cash from operations | ₹31 Cr | ₹18 Cr | ₹-22 Cr | ₹15 Cr |
| Free cash flow | ₹32 Cr | ₹12 Cr | ₹-36 Cr | ₹6 Cr |
| ROCE | 0.0% | 6.0% | 0.0% | -6.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹64 Cr | ₹58 Cr | ₹53 Cr | ₹54 Cr | ₹54 Cr | ₹54 Cr |
| Reserves | ₹687 Cr | ₹570 Cr | ₹367 Cr | ₹383 Cr | ₹392 Cr | ₹382 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹75 Cr | ₹88 Cr | ₹74 Cr | ₹76 Cr | ₹99 Cr | ₹110 Cr |
| Total liabilities | ₹827 Cr | ₹716 Cr | ₹493 Cr | ₹513 Cr | ₹545 Cr | ₹547 Cr |
| Fixed assets | ₹146 Cr | ₹137 Cr | ₹124 Cr | ₹117 Cr | ₹117 Cr | ₹122 Cr |
| Capital work in progress | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹9 Cr | ₹0 Cr |
| Investments | ₹416 Cr | ₹318 Cr | ₹198 Cr | ₹190 Cr | ₹185 Cr | ₹213 Cr |
| Other assets | ₹263 Cr | ₹261 Cr | ₹171 Cr | ₹203 Cr | ₹234 Cr | ₹212 Cr |
| Total assets | ₹827 Cr | ₹716 Cr | ₹493 Cr | ₹513 Cr | ₹545 Cr | ₹547 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +3.62 pp while DIIs trimmed −2.58 pp. The shareholder count grew 16% to 62,251.
- Promoters
- 71.5%
- FIIs
- 0.5%
- Public
- 28.1%
Since Jun 2025
- Public +3.62 pp
- DIIs −2.58 pp
- FIIs −0.70 pp
How it drifted, 12 quarters
Over this window the public went from 24.2% to 28.1% — +3.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 73.1%, FIIs 1.6%, DIIs 1.1%, Public 24.2%.Dec '23: Promoters 72.8%, FIIs 1.7%, DIIs 1.4%, Public 24.1%.Mar '24: Promoters 72.5%, FIIs 1.6%, DIIs 2.1%, Public 23.8%.Jun '24: Promoters 72.4%, FIIs 1.5%, DIIs 2.4%, Public 23.6%.Sep '24: Promoters 72.1%, FIIs 1.6%, DIIs 2.6%, Public 23.7%.Dec '24: Promoters 71.9%, FIIs 1.8%, DIIs 2.8%, Public 23.4%.Mar '25: Promoters 71.8%, FIIs 2.0%, DIIs 2.6%, Public 23.5%.Jun '25: Promoters 71.8%, FIIs 1.2%, DIIs 2.6%, Public 24.5%.Sep '25: Promoters 71.6%, FIIs 0.5%, DIIs 2.3%, Public 25.5%.Dec '25: Promoters 71.5%, FIIs 0.5%, DIIs 2.3%, Public 25.7%.Mar '26: Promoters 71.5%, FIIs 0.7%, DIIs 1.2%, Public 26.6%.Jun '26: Promoters 71.5%, FIIs 0.5%, Public 28.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Quick Heal Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sanjay Sahebrao Katkar | 28.73% | unchanged |
| Kailash Sahebrao Katkar | 14.47% | unchanged |
| Anupama Kailash Katkar | 14.47% | unchanged |
| Chhaya Sanjay Katkar | 7.01% | unchanged |
| Sneha Kailash Katkar | 6.80% | unchanged |
| Dreambook Enterprises LLP | 0.00% | unchanged |
| Jatinder Agarwal | — | off the list |
| Carnelian Structural Shift Fund AIF | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (2)
Read the Q4 FY26 call →Learn to analyse Quick Heal Technologies Limited
Guides on how to read this kind of business and the numbers that matter.