CONTROL PRINT REPORTS TOTAL REVENUE OF RS 254.26 CRORES IN FY22

Control Print yesterday announced its fourth quarter and annual financial results for the fiscal year 2021-22 (FY2022). The company ended FY22 with a total revenue of Rs 254.26 crores, up by 24.8 per cent over FY2021 registering the highest Y-o-Y growth ever. EBITDA for the year stood at Rs 60.43 crores, up by 21.3 per cent. PAT grew by 40.3 per cent to close at Rs 41.24, the company said in a statement.

It also said that Control Print continued to stay a zero-debt company with positive operating cash flow and free cash flow. The company maintained its consistency of nine years by declaring a dividend of Rs 5 (50 percent of X face value) for FY 2021-22.

In the fourth quarter ending on 31st March, 2022, Control Print posted a total revenue from operations of Rs 75.57 crores, thus registering an increase of 22.7 per cent compared to the corresponding quarter in 2021. PBT for the current quarter stood at Rs 15.4 crores, a 39.8 percent increase over the same period of previous year. The total revenue and PAT in the fourth quarter of this year increased by 24.8 percent and 22.7 percent, respectively compared to the previous quarter, the statement added.

Regarding the FY2023 outlook of the company, the statement also mentioned that the Indian economy is on its way to quicker recovery and growth post a two-year hiatus. Control Print is bullish about the opportunities in sectors such as healthcare, dairy, steel and metal, pipe, cable, distillery, chemicals, food and FMCG.