Skip to main content

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...
Post a Comment

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 performance comes amid sustained demand across its business segments, with revenue increasing more than 2.5 times from the year-ago period. The pace of earnings growth exceeded revenue expansion, reflecting the benefits of scale and stronger margins.

Investors will closely watch the company's management commentary on order inflows, export demand, capacity utilisation and growth outlook for the rest of the financial year to assess whether the strong momentum can be sustained in the coming quarters.

ALSO READ: Q1 Results Live Updates: Oil India Profit Surges 73%; Kaynes Tech Revenue Rises 41%



from NDTV News- Special https://ift.tt/MYOTEUv
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

US Teen Who Slapped Teacher In Classroom Faces Kidnapping, Assault Charges

A US high school student, who attacked two teachers in school premises, has been hit indicted on assault and kidnapping charges, according to a report in Fox News. The outlet said that the attacks took place at Parkland High School in Winston-Salem, North Carolina. A video of 17-year-old Aquavis Hickman hitting one of the teachers in the classroom in April had gone viral on social media, leading to a barrage of comments. Hickman is being tried as an adult and his case has been moved from a juvenile court to a superior court. Watch the video: NEW: North Carolina high school student who went viral for hitting his teacher has been smacked with felony charges & is being charged as an adult. This is how it's done. 17-year-old Aquavis Hickman has been indicted on assault and kidnapping charges for two separate… pic.twitter.com/JOsO0bFiKX — Collin Rugg (@CollinRugg) May 5, 2024 "A grand jury was convened last week, last Monday, comprised of members of this community and...
Post a Comment
Read more

Hollywood Shuts Down As Actors Go On Strike

Hollywood's actors announced Thursday they will go on strike, joining writers in the first industry-wide shutdown in 63 years after last-ditch talks failed, with nearly all film and television production set to grind to a halt. The Screen Actors Guild (SAG-AFTRA), which represents 160,000 performers including A-list stars, said negotiations had ended without a deal on their demands over dwindling pay and the threat posed by artificial intelligence. "SAG-AFTRA's national board unanimously voted to issue a strike order against the studios and streamers," said the union's chief negotiator Duncan Crabtree-Ireland. The strike will begin at midnight Thursday (0700 GMT Friday), meaning actors will join writers on picket lines from Friday morning in the first Hollywood "double strike" since 1960. Writers have already spent 11 weeks on the picket line, after their similar demands for better pay and protections against the future use of AI in television and fi...
Post a Comment
Read more

BJP MP Varun Gandhi Files Case Against Man For Comments On His Father

BJP leader Varun Gandhi on Saturday filed a defamation case in a local court here against a Varanasi man for allegedly making derogatory remarks on his father on Twitter. The Pilibhit MP on Saturday came to the court premises with three advocates around 3 pm and filed a defamation case before Additional Chief Judicial Magistrate (II) Abhinav Tiwari. The court recorded his statement and fixed April 25 as the next date for hearing, an advocate said. Gandhi in the complaint said that his father Late Sanjay Gandhi was a well known politician of the country and he was respected all over the country and still is today. He told the court that on March 29, 2023, Vivek Pandey, a resident of Bhojubir of Varanasi district, had made indecent remarks against Sanjay Gandhi through his social media Twitter @vivekkumar IND. According to Mr Gandhi, the accused identified himself as the General Secretary of Nationalist Hindu and Kisan Morcha. Mr Gandhi also said that he was informed about the twee...
Post a Comment
Read more