Q4 2024 Control Print Ltd Earnings Call Transcript
Key Points
- Control Print Ltd (BOM:522295) reported a significant increase in revenue for Q4 FY24, reaching approximately INR98 crore, up from INR84 crore in Q3 FY24.
- The full-year revenue from operations grew to INR344 crore, compared to INR291 crore in FY23, indicating strong overall growth.
- The company has diversified its revenue streams, with top earnings sectors including pipes, food, cement, FMCG, and beverages.
- There has been good traction in the track and trace and masks and safety products business, indicating successful diversification.
- Control Print Ltd (BOM:522295) has made strategic acquisitions, such as Codeology Group Limited and Markprint BV, to expand its product portfolio and market reach.
- Despite revenue growth, the profitability metrics showed mixed results with EBITDA and PBT growing by 23.6% and 23.4% respectively, but PAT and EPS declined by 9.3% and 7.4% YoY.
- The cost of goods sold remained consistent at 40-41% of sales, indicating limited improvement in cost efficiency.
- The company faces challenges in integrating new acquisitions and achieving profitability, particularly with the V-Shapes business, which is expected to take at least two years to break even.
- There is a significant investment required for the newly acquired businesses, particularly in R&D and sales team expansion, which could impact short-term profitability.
- The tax rate for the year was relatively high, partly due to gains on the sale of investments, which affected the overall net profit.
Ladies and gentlemen, good day, and welcome to Control Print Limited 4Q FY24 investor conference call hosted by Asian Market Securities Limited. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict. Actual results may differ from such expectations, projections, et cetera, whether expressed or implied. Participants are requested to exercise caution while referring to such statements and remarks.
(Operator Instructions) Please note that this conference is being recorded, and I now hand the conference over to Mr. Karan Bhatelia from Asian Market Securities Limited. Thank you, and over to you, sir.
Thanks Vico. Ladies and gentlemen, good afternoon and welcome all to the Control Print Limited fourth quarter and FY24 earnings conference call hosted by Asian
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