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Control Print: A Strong Start to the Fiscal - Views on News from Equitymaster
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Control Print: A Strong Start to the Fiscal
Aug 3, 2017

Control Print has announced the first quarter results of financial year 2017-2018 (1QFY18). While the topline increased by 28.4% YoY, the bottomline increased by 73% YoY during the quarter.

Performance summary:
  • Total income increased by 28.4% YoY during 1QFY18.
  • Operating profit increased by 44.8% YoY and operating margin stood at 29.7%. Lower operating cost and a marginal increase in employee cost contributed to an increase in operating margin.
  • Depreciation declined by 51.6% YoY on the back of adaptation of Indian Accounting Standards (Ind As) rules 2015. Finance cost saw a marginal increase of 1.8% YoY.
  • Net profit accelerated by 73% YoY on the back of an increase in operating profit and exceptional item.
  • PAT margins stood at 19.1% during 1QFY18.

    Financial Snapshot
    (In Rs m) 1QFY17 1QFY18 Change
    Net Sales 351 450 28.4%
    Total Income 351 450 28.4%
    Total Expenses 258 316 22.5%
    Operating profit (EBITDA) 92 134 44.8%
    Operating profit margin (%) 26.4% 29.7%  
    Other Income 0 2 1678.6%
    Interest 3 3 1.8%
    Exceptional Items 14 -9  
    Depreciation 38 18 -51.6%
    PBT 66 106 59.9%
    Tax 16 20 20.4%
    Net Profit 50 86 73.0%
    Net Profit margin 14.1% 19.1%  
    No. of shares (m)   15.7  
    Earnings per share (Rs)   17.6  
    P/E ratio (x) *   22.4  
    * On trailing 12 month basis
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INTRODUCTION:
Equitymaster Agora Research Private Limited (hereinafter referred to as "Equitymaster"/"Company") was incorporated on October 25, 2007. Equitymaster is a joint venture between Quantum Information Services Private Limited (QIS) and Agora group. Equitymaster is a SEBI registered Research Analyst under the SEBI (Research Analysts) Regulations, 2014 with registration number INH000000537.

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DISCLOSURE WITH REGARDS TO OWNERSHIP AND MATERIAL CONFLICTS OF INTEREST:
  1. 'subject company' is a company on which a buy/sell/hold view or target price is given/changed in this Research Report.
  2. Equitymaster has financial interest in Control Print Limited.
  3. Equitymaster's investment in the subject company is as per the guidelines prescribed by the Board of Directors of the Company. The investment is however made solely for building track record of its services.
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