Control Print Q4FY18 profit climbs 28 per cent

Control Print reported its results for the quarter ended March 31, 2018. The company’s standalone revenue for the quarter came in at Rs. 45.39 crore, registering 3.2 per cent yoy decline.

EBITDA for the quarter rose by 1.8 per cent yoy to Rs. 12.76 crore with a corresponding margin expansion of 136 bps. EBITDA margin for the quarter stood at 28.1 per cent. This margin expansion was aided by significant decline in raw material cost by 47 per cent yoy.

The PAT for the quarter came in at Rs. 9.32 crore, yoy increase of 28 per cent. This was due to sharp decline in interest expenses and depreciation by 84 per cent and 74 per cent respectively.

Looking at the full year numbers, we see that revenue jumped by 18 per cent to reach Rs. 173.93 crore while EBITDA rose by 30 per cent to 50.15 crore. The company reported net profit of Rs. 31.63 crore, up 60 per cent yoy.

The company's board of directors has recommended a final dividend of Rs. 3.50 per equity share of the face value of Rs. 10 each.

Control Print is engaged in the manufacture of coding and marking system along with related components, accessories, consumables and services. It enjoys a domestic market share of ~18 per cent.

On Monday, the stock opened at Rs. 453.45 per share, up by 2 per cent from its previous close of Rs. 444.60. At 11:57, the stock was trading around Rs. 447.75 on the BSE.