Control Print (522295) Q4 24/25 earnings summary

Executive summary

• Achieved record Q4 and FY25 revenues, with Q4 standalone revenue at INR 114 crore (Rs 1,100.3 mn), up 12.9% YoY, and full-year standalone revenue at INR 395 crore (Rs 3,853.0 mn); consolidated FY25 revenue reached Rs 4,250.3 mn.

• EBITDA grew 10.4% for the year, with Q4 standalone EBITDA up 10.4% and adjusted PAT up 68.1% YoY.

• Incorporated a new wholly owned subsidiary in UAE and expanded internationally through acquisitions in the UK, Italy, and Netherlands.

• Installed printer base increased from 12,000 in FY20 to nearly 21,000, reflecting a 10-11% CAGR.

• Recognized a significant deferred tax asset of Rs 4,957.69 lakhs due to MAT credit entitlement and cessation of Section 80IE benefits.

Financial highlights

• Standalone FY25 net sales reached Rs 3,853.0 mn, up 12.1% YoY; consolidated FY25 net sales at Rs 4,250.3 mn, up 18.3%.

• Standalone gross margin for FY25 at 58.33%; consolidated gross margin at 57.95%.

• Standalone EBITDA margin for FY25 at 24.31%; consolidated EBITDA margin at 18.84%.

• Standalone net profit for FY25: Rs. 7,309.12 lakhs; consolidated net profit: Rs. 6,663.71 lakhs.

• Dividend payout for FY25 at Rs 10 per share (100% of face value), with a 22.8% payout ratio (excluding deferred tax effect).

Outlook and guidance

• Positive sales and profitability outlook for Track and Trace and Packaging divisions in FY26, with focus on increasing consumables sales and leveraging higher printer sales.

• Recently launched/acquired products and capabilities expected to drive exponential growth over the next 5-7 years.

• Expectation of reduced operational losses in subsidiaries, especially in packaging, as revenues increase.

• Board confident in future taxable profits, recognizing Rs. 4,957.69 lakhs as MAT credit entitlement.