Control Print (522295) Q2 25/26 earnings summary

Executive summary

• Standalone H1 FY26 revenue reached INR 2,024.7 mn, up 11.6% year-over-year; consolidated H1 operating revenue at INR 2,232.5 mn, up 11.8% year-over-year.

• Standalone and consolidated PAT grew 24.7% and 8% year-over-year, respectively, with record EBITDA margin improvements driven by operational leverage and cost control.

• Coding and marking remains the dominant segment, contributing 89% of revenue, with strong performance in pipes, food, healthcare, dairy, steel, and cable sectors.

• Installed base surpassed 21,500 printers, supporting future consumable sales growth.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, with an unmodified review report issued.

Financial highlights

• Standalone Q2 FY26 revenue was ₹10,202.33 lakhs, up from ₹9,314.24 lakhs in Q2 FY25; consolidated revenue was ₹11,196.10 lakhs, up from ₹10,178.88 lakhs year-over-year.

• Standalone H1FY26 PAT at ₹411.6 mn, up 24.7% year-over-year; consolidated H1FY26 PAT at ₹271.5 mn, up 8%.

• Standalone gross margin for Q2FY26 at 60.6%, up 97 bps year-over-year; consolidated gross margin at 60.6%, up 129 bps.

• Standalone EPS for Q2FY26 at ₹12.44, up from ₹10.50 in Q2 FY25; consolidated EPS at ₹11.62, up from ₹8.43 year-over-year.

• Exceptional income of ₹399.03 lakhs (Rs. 4 crore) recognized as a government grant for machinery investment.

Outlook and guidance

• Revenue expected to surpass previous year’s INR 395 crore, with management targeting 15% annual growth, outpacing the 10-11% market growth rate.

• Focus on higher consumable sales, new product launches, and global market expansion, including track & trace and packaging businesses.

• Italian operations (V-shapes) expected to reduce losses to EUR 1-1.2 million this year and reach break-even next year.