Quick Heal Q2 FY27 slides: profit returns as enterprise gains

Quick Heal Technologies reported a Q2 FY27 financial turnaround on October 28, 2026, after a rough first quarter. The cybersecurity firm detailed a recovery in profitability alongside a shift from consumer antivirus to enterprise solutions. The stock closed at $138, slightly down from the previous close of $138.16. Market reaction was muted, indicating investors considered the quarter's improvement against ongoing revenue declines and lack of financial guidance.

Revenue reached INR 64.9 crore, up 44.3% from the prior quarter but down 22.3% year-over-year. EBITDA turned positive at INR 2.3 crore after an INR 17.6 crore loss in Q1, a 113% quarter-over-quarter improvement. Profit after tax was INR 5.8 crore, up from an INR 5.3 crore loss, but still 26.8% below the prior year. Diluted earnings per share were INR 1.0, up 209.2% sequentially but down 27.4% year-over-year.

Chief Financial Officer Ankit Maheshwari credited the recovery to higher revenue and cost discipline. Consumer revenue rebounded 86.2% sequentially but fell 39.8% year-over-year at INR 35.8 crore. Enterprise revenue grew 18.1% to INR 35.5 crore, down 3.9% year-over-year. The consumer market faced pressure from Microsoft's free antivirus. Working capital improved with receivables dropping to INR 98 crore from INR 107 crore in Q1.

The company shifted from consumer to enterprise over the past six years, with enterprise revenue nearing parity with consumer at 54% and 46%, respectively. Management aims to commercialize the enterprise segment and strengthen the consumer franchise. Enterprise revenue is expected to rise to more than 80% within three years. Key strategic accounts in defense, banking, financial services, and IT services drove enterprise growth.

The company's India Cyber Threat Report 2026 detailed over 265.52 million detections, with trojans and on-premise detections being the primary threats.