Now Reading: Cupid profit jumps 194% in Q1, stock hits record high
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Cupid profit jumps 194% in Q1, stock hits record high
Cupid Ltd reported a 194% year-on-year rise in net profit to Rs 44 crore for the June quarter, with revenue up 142% to Rs 157 crore. EBITDA soared 265% to Rs 60…
The Story in Brief
Cupid Ltd reported a 194% year-on-year rise in net profit to Rs 44 crore for the June quarter, with revenue up 142% to Rs 157 crore. EBITDA soared 265% to Rs 60 crore, and the margin expanded by 1,127 basis points, helped by better operating leverage and a favourable product mix.
The company raised its FY27 guidance, now targeting revenue of Rs 725-750 crore and net profit of Rs 210-225 crore. It expects sizeable orders for IVD kits from state governments and international opportunities after CE certifications. Its Palava plant is set to commission in Q2 FY27. The stock hit a record high, gaining 680% in one year, as NDTV Profit reports.
The Indian Opinion
The buzz around Cupid's multibagger run ignores that the stock's 680% one-year surge, as cited by NDTV Profit, has already priced in much of the optimism. The raised guidance depends on state government orders for IVD kits and CE-certified international tenders, which are not guaranteed. Watch whether Q2 numbers show orders converting into revenue, and whether the Palava facility commission remains on schedule. A miss on either will test the market's patience with this valuation.
Sources (2): livemint.com, ndtvprofit.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
