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( As on 18/01/2020 20:20)

Cupid Q3 net profit zooms 400.49% at Rs 10.21 cr

The company reported standalone net profit of Rs 10.21 crore for the quarter ended December 31, 2019 as compared to Rs 2.04 crore in the same period last year, registering a year-on-year growth of 400.49 per cent.

Net revenue of the company rose three fold by 326.61 per cent at Rs 42.96 crore in October-December quarter of this fiscal as against Rs 10.07 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 270.38 per cent to Rs 29.63 crore from Rs 8.00 crore in year ago period.

Other Income dipped by 43.64 per cent at Rs 0.62 crore versus (Dec'18 Rs 1.10 crore).

Operating Profit surged by 543.48 per cent to Rs 13.32 crore as against Rs 2.07 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 51.02 per cent in December quarter.

Interest grew by 800.00 per cent y-o-y to Rs 0.18 crore, while Taxation increased by 385.00 per cent at Rs 2.91 crore (Dec'18 Rs 0.60 crore).