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Hot Pursuit News

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(09 Apr 2024, 14:48)

Cupid hits the roof after stellar Q4 performance; EBITDA margin at 49.13%

Cupid was locked in 5% upper circuit at Rs 134 after the company reported a net profit of Rs 23.57 crore in Q4 FY24, which is significantly higher as compared with a PAT of Rs 9.28 crore in Q4 FY23.


Revenue from operations rose by 52% year-over-year (YoY) to Rs 62.89 crore in the fourth quarter.

EBITDA in Q4 FY24 was Rs 30.90 crore, which is significantly higher as compared with the figure of Rs 10.60 crore posted in Q4 FY23. EBITDA margin was 49.13% in Q4 FY24 was 25.54% in Q4 FY23.

Profit before tax in Q4 FY24 was Rs 32.20 crore, up by 188% from Rs 11.19 crore in Q4 FY23.

Cupid’s net profit has risen by 25.16% to Rs 39.38 crore on a 7.38% increase in revenue from operations to Rs 171.08 crore in FY24 as compared with FY23.

The company stated that it continues to remain debt free with cash and cash equivalents of Rs 173.58 crore.

Aditya Kumar Halwasiya, managing director, Cupid, said: “Building on this momentum, Cupid Limited is embarking on an exciting expans...

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