Control Print (522295) Q2 24/25 earnings summary

Executive summary

• Standalone total income for H1 FY25 reached INR 1,850 million, up from INR 1,650 million in H1 FY24, reflecting strong growth in core operations and record Q2 revenue of INR 931.4 million driven by consumable sales.

• Installed base exceeds 19,500 printers, supporting recurring consumable sales and market share gains.

• The company is focusing on larger, key accounts, enhancing its presence in track and trace and packaging machinery, and expanding through new product launches and international acquisitions.

• Investments in overseas subsidiaries and new business lines are ongoing, with a two-year strategic roadmap for integration and profitability.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2024.

Financial highlights

• Q2FY25 net sales rose 12.1% YoY to INR 931.4 million; H1FY25 net sales up 11.8% YoY to INR 1,813.6 million.

• EBITDA, PBT, PAT, and EPS (excluding exceptional items) grew by 7.3%, 11.6%, 15.5%, and 70.5% YoY, respectively; Q2FY25 standalone net profit was INR 167.96 million.

• Gross margin for Q2FY25 at 59.63%, up 83 bps YoY; EBITDA margin at 23.99%, down 107 bps YoY.

• Standalone basic EPS for Q2FY25: INR 10.50, up from INR 8.94 in Q2 FY24.

• Revenue mix for the quarter: printers 13%, consumables 64%, spares 7%, service income 15%.

Outlook and guidance

• Management expects to maintain or improve printer sales volumes for the year, targeting 2,700–2,800 units, with a focus on higher quality sales and larger accounts.

• Emphasis on higher consumable sales, new product launches, and expanding market share through increased installed base and global market access.

• The company is in an investment phase for new business lines, with expectations of revenue contribution and reduced losses over a two-year horizon.

• No specific quantitative guidance provided for consolidated growth, but core business expected to grow at 10–12% annually.