For the quarter and financial year ended March 31, 2026
CONTROLPR · price
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Control Print Limited reported standalone revenue from operations of Rs 13,415.51 lakh for Q4 FY26, up 21.9% YoY, and full-year revenue of Rs 44,594.94 lakh, up 15.7% YoY. Standalone PAT was Rs 8,031.03 lakh vs Rs 11,963.39 lakh in FY25 — the prior year included a one-time MAT credit entitlement of Rs 4,957.69 lakh as deferred tax income, making the comparison skewed. On a like-for-like basis, pre-tax profit grew 22.3% to Rs 10,928.53 lakh. Consolidated revenue for FY26 was Rs 48,195.58 lakh (up 13.4% YoY) with PAT of Rs 4,360.13 lakh, impacted by the same deferred tax item and higher subsidiary-level expenses. The Board recommended a final dividend of Rs 6 per share (60%), bringing total dividend for FY26 to Rs 10 per share including the Rs 4 interim already paid. Statutory auditors Jhawar Mantri & Associates issued unmodified opinions on both standalone and consolidated results. An IP assignment agreement with step-down subsidiary CP Italy SRL was signed post-year-end for Euro 28.60 lakh. A capital investment subsidy of Rs 399.03 lakh was recognised as an exceptional item.
The stock shows strong revenue growth and healthy operating profitability, but the reported PAT is materially lower than the prior year due to a one-time deferred tax credit of ~Rs 4,958 lakh in FY25. Excluding that, underlying earnings quality is solid. The large IP purchase from a subsidiary and non-controlling interest loss warrant close monitoring of related party dealings.