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Control Print Q4 Results Review - Steady Growth Continues: ICICI Direct

New launches and demand from the replacement market would also be key growth drivers in the coming period.

<div class="paragraphs"><p>A staff using a printer. (Source: pexels /George Milton)</p></div>
A staff using a printer. (Source: pexels /George Milton)

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ICICI Direct Report

Control Print Ltd.'s steady growth in revenue continues. Revenue from operations in Q4 FY23 increased 15.4% YoY (up 13.4% QoQ) to Rs 88.5 crore.

Gross margin was at 59% (improved 116 basis points YoY, 50 bps QoQ). Ebitda margin improved 127 bps YoY to 23.6%. Sequentially, margins contracted 144 bps due to higher other cost. FY23 Ebitda margin was at 25.0% (up 184 bps).

Ebitda came in at Rs 20.9 crore in Q4 FY23, up 21.9% YoY, 6.8% QoQ. Ebitda for FY23 was up 28.2% YoY to Rs 76.0 crore on strong revenue growth and margin improvement.

Control Print's profit after tax increased 29.7% YoY (up 18.7% QoQ) to Rs 16.0 crore. FY23 PAT was up 30.9% YoY to Rs 52.9 crore.

Key triggers for future price performance:

  • Increase in share of revenue from consumables and focus on capturing larger market share with increasing installed set of printers.

  • New launches and demand from the replacement market would also be key growth drivers in the coming period.

Click on the attachment to read the full report:

ICICI Direct Control Print Q4FY23 Results Review.pdf
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