Control Print Q4 Results Review - Steady Growth Continues: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Control Print Ltd.'s steady growth in revenue continues. Revenue from operations in Q4 FY23 increased 15.4% YoY (up 13.4% QoQ) to Rs 88.5 crore.Gross margin was at 59% (improved 116 basis points YoY, 50 bps QoQ). Ebitda margin improved 127 bps YoY to 23.6%. Sequentially, margins contracted 144 bps due to higher other cost. FY23 Ebitda margin was at 25.0% (up 184 bps).Ebitda came in at Rs 20.9 crore in Q4 FY23, up 21.9% YoY, 6.8% QoQ. Ebitda for FY23 was up 28.2% YoY to Rs 76.0 crore on strong revenue growth and margin improvement.Control Print's profit after tax increased 29.7% YoY (up 18.7% QoQ) to Rs 16.0 crore. FY23 PAT was up 30.9% YoY to Rs 52.9 crore.Key triggers for future price performance:Increase in share of revenue from consumables and focus on capturing larger market share with increasing installed set of printers.New launches and demand from the replacement market would also be key growth drivers in the coming period..Click on the attachment to read the full report:.Newgen Software Technologies Q4 Review - Macro, Recent Run Up In Price Prompt Us To Be Cautious: IDBI Capital.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Control Print Q4 Results Review - Steady Growth Continues: ICICI Direct

New launches and demand from the replacement market would also be key growth drivers in the coming period.

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