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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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It Seems 'Kalyug' Has Arrived: High Court On Elderly Couple's Alimony Battle

Faced with a couple aged between 75 and 80 years fighting a legal battle against each other for alimony, the Allahabad High Court on Tuesday made a strong observation, saying it seemed that 'kalyug' (the age of darkness in Hinduism) has arrived. 

Hearing a petition by the husband, Munesh Kumar Gupta of Aligarh, against a family court order in favour of his wife, Justice Saurabh Shyam Shamshery said the legal contest was a matter of concern and also tried to give advice to the couple. 

Mr Gupta's wife had demanded alimony from him and the family court had ruled in her favour. The man challenged the order and, issuing a notice to the wife, the high court said it hoped that they would come to an agreement by the next date of hearing. 
 



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