Control Print (522295) Q4 24/25 earnings summary

Executive summary

• Achieved record Q4 and annual revenues, with Q4 FY25 standalone revenue at INR 114 crore (Rs 1,100.3 mn), up 12.9% year-over-year, and full-year standalone revenue at INR 395 crore (Rs 3,853.0 mn), up from INR 347 crore in FY24.

• EBITDA grew 10.4% year-over-year, with adjusted PAT up 26.1% and reported PAT up 115.4% due to deferred tax asset recognition.

• Incorporated a new wholly owned subsidiary in UAE to expand international presence.

• Final dividend of Rs. 6 per share recommended, in addition to Rs. 4 interim dividend paid in February 2025.

• Recognition of significant deferred tax asset of Rs 4,957.69 lakhs due to MAT credit entitlement.

Financial highlights

• Standalone FY25 net sales reached Rs 3,853.0 mn, up 12.1% year-over-year; 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

• Management expects continued growth in Track and Trace and Packaging, with focused marketing and sales strategies.

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

• Revenue growth is expected to help curtail consolidated losses, with only marginal increases in employee expenses.

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

• Operational losses in the packaging business are expected to reduce as revenues increase and more machines are installed.