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Control Print held a conference call on 23 January 2024 to discuss the results for the quarter ended December 2023 and way forward. Mr. Shiva Kabra - Joint Managing Director and Mr. Jaideep Barve - Chief Financial Officer of the company addressed the call.

Highlights of the Concall

• Net sales increased 14% to Rs 88.63 crore in Q3FY24 while it rose 20% to Rs 258.67 crore in 9MFY24 thereby continuing to focus on growth across the business and supported by higher share of consumable sales during the quarter.

• Higher mix of consumables led to higher gross margin. Manpower costs were higher due to annual incentives. Coupled with higher tax outgo, profit growth was lower.

• The company sold 630 printers in Q3FY24 and 2000 printers for about 9MFY24 as compared to about 3208 printers in FY23

• The company is more focused on large customers for printer sales where per print of business is significantly higher rather than total number o...
  
  
  
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