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Cupid Q1 Results: Profit Nearly Triples As Margin Widens; Revenue Up 2.6x

Cupid Ltd. reported a sharp jump in its June-quarter earnings, with consolidated net profit surging nearly 200% year-on-year as stronger operating margin and a more than 2.6-fold increase in revenue boosted profitability. The company's consolidated net profit rose to Rs 44.1 crore in the quarter ended June, compared with Rs 15 crore in the corresponding period last year, according to an exchange filing on Friday. Revenue from operations surged to Rs 154.7 crore from Rs 59.8 crore, reflecting robust business momentum and strong execution during the quarter. ALSO READ:   Titan Q1 Results: Profit Soars 63% To Beat Estimates; Revenue Tops Rs 21,300 Crore Operating performance improved even faster than revenue. Earnings before interest, tax, depreciation and amortisation climbed to Rs 60.1 crore, up from Rs 16.5 crore a year ago. The Ebitda margin expanded to 38.8% from 27.5%, indicating better operating leverage and an improved product mix. Cupid's June-quarter performanc...
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Video: Welding Sparks May Have Caused Huge Fire At Gujarat Gaming Zone

A CCTV footage of the fire at a gaming site at Gujarat's Rajkot that has now emerged, shows the fire had started while welding. Twenty-eight people, nine of them children, were killed in the massive blaze that broke out on Saturday.

The footage shows the fire spreading from the sparks emitted during the welding.

Despite efforts to extinguish it, the fire spread.

A police case has been filed against six partners of the game zone that was operating without a license. Two persons -- the owner and the manager of the site -- have been arrested.



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