- 13 May 2024
- ICICI Securities
CONTROL PRINT'S Q4FY24 OPERATIONAL PERFORMANCE REMAINS STEADY
CONTROLPR - 798 Change: 43.80 (5.81 %)News: Revenue increased by 13.7% YoY (+13.5% QoQ) to Rs 100.6 crore in Q4FY24. EBIDTA margin stood at 22.8% (-78 bps YoY, -178 bps QoQ). Subsequently, EBIDTA was up 10% YoY (+5.3% QoQ) to Rs 23.0 crore. However, PAT was down 22.1% YoY (-7.3% QoQ) to Rs 12.5 crore on higher tax rate. For FY24, revenue is up 18.1% YoY with EBITDA margin at 23.9% (vs 25.0% in FY23). FY24 PAT stands at Rs 54.5 crore (+3.1% YoY).
Views: Operational performance remains steady for FY24 with revenue growth of ~18% YoY in FY24 (~19% YoY in FY23) & EBITDA margin at ~24%. We believe the company has been gaining market share in some of the key segments with firm growth from consumables & spares/services. Company’s focus remains on strengthening its market share further led by expanding product portfolio, newer industry segments and increasing consumables sales.
Impact: Neutral