Quick Heal Technologies is having a great time today, reaping a bounty of its earnings for Q4FY21. The stock price briefly skimmed its 20% UC of the day at Rs.227.45, a new high too. Volumes are up 8.5 times.
The company posted a 51% (QoQ) jump in total income at Rs.105 crore, with net profit coming in at Rs.40 crore, a massive 195% increase. YoY, the net profit is up almost 400%.
The company ended FY21 with a consolidated net profit at Rs.107 crore, up 44% on a 16% rise in revenue at Rs.333 crore.
The Board has announced a dividend of Rs.4/share and also a buyback of over 63 lakh shares at a price of Rs.245/share.