CONTROLPR / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Control Print · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ3-FY26 · 2026-01-15Back to quarter ↗

Questions audited

Answered directly

67%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Sakit Kapoor · Research desk

partial

Why are foreign subsidiaries causing lower consolidated profits and what is the roadmap?

last time I said that we should have a lower loss in this quarter and almost like a break even in the Q4 in our foreign sub mainly the Italian one... we've come out with a new model a new packaging machine in Italy... we've not been able to execute orders... we have a little bit of a backlog

Roshi V · Research desk

partial

Why did gross margins improve but EBITDA decline?

the gross margin okay it's sort of dipped to 58.1% from the previous but I wouldn't give it too much importance right now... both the other expenses and the employee costs have increased sharply

Vikram Hawa · Research desk

direct

Do laser printers pose a significant risk to the consumable business?

the lasers have been around for about two decades now... they have some fundamental limitations... they don't work on all materials... it won't give a contrast... there is a big safety issue with lasers

Anawa · Research desk

partial

What caused the decline in gross margins and increase in employee costs and other expenses?

the employee costs have risen in the Q3 as compared to the Q2 and that is basically mainly a reason of adjustment of provisions... new labor code... we had a major impact because of the gratuity provision and also we made some kind of staff incentive provision

Vinit Takur · Research desk

direct

What are the printer sales volume and installed base for 9 months?

the printer sales for the 9 months are a little over 2100 printers and our installed base is about 22,000 plus printers.

Vinit Takur · Research desk

direct

What is the revenue breakup by region and segments?

within the coding and marking we have four different streams of revenue... the breakup for the Q3 is 18%, 58%, 7% and 15%.

Vinit Takur · Research desk

partial

When can Europe operations return to original margins?

I do believe that in Q3 or Q4 of this financial year this coming financial year even in Italy it's going to be break even and in India it'll be profitable hopefully by Q1 or Q2 of next year

Subhan · Research desk

direct

Why is market share capped at ~20% in an oligopoly?

it's a very sticky business and we have actually grown our market share slowly over the last few years... it's difficult for the competitors to take our customers and for us to take our competitors customers

Nitan Grover · Research desk

partial

What is the policy for incentive provisions causing employee cost increase?

incentives are always a result of a planned structure process... we identify the employees who need to be incentivized... based on our experience and based on the performance we prepare a list and we get it approved and then the provision is made according to that.

Pratik Ja · Research desk

partial

What is the expected growth for the printing core business and track and trace?

coding and marketing business is going to grow at 10 11% 12%... we'll continue growing at that... maybe in the next year or two we may able to grow at faster than the market like about 15%

Susan Jani · Research desk

evasive

Are we the only ones taking price hikes and will they expand margins?

it is more not on the printer so much as the materials or the consumables and the services and it was just lagging from our side.

Samar Singh · Research desk

direct

How much of cash flow will go into capex to maintain 15% growth?

approximately what we depreciate we spend about that much is maintenance... I don't think that fundamentally the capex is required... there's no capex needed