Cupid skids ~2% on lackluster growth numbers in Q1FY23

10 Aug 2022 , 02:20 PM

Cupid Limited announced its financial results for the quarter ended June 30, 2022.

Company’s Total Operating income was Rs30.82 crore for Q1FY23 as compared to Rs32.35 crore in the corresponding period of the previous year.

Cupid’s EBITDA stood at Rs5.79 crore in Q1FY23 as compared to Rs7.33 crore during the previous corresponding quarter. Its EBITDA margin stood at 18.80% in Q1FY23 as compared to 22.70% in Q1FY22.

Company reported a Net Profit of Rs4.63 crore in the quarter ended June 30, 2022, as compared to Rs5.95 crore in the previous corresponding quarter.

Cupid’s Basic EPS stood at Rs3.47 in Q1FY23 as against Rs4.46 in Q1FY22.

Company stated that Exports accounted for 91% of total revenue in Q1FY23 (80% in Q1FY22), while domestic sales accounted for 9% (20% in Q1FY22).

Company expects an improvement in overall performance in FY23 based on the execution of the orders in hand and expected order wins in the near term.

At around 2.23 PM, Cupid Ltd was trading at Rs217 down by 1.9% from its previous closing of Rs221.20 on the BSE. The scrip touched intraday high and low of Rs221.40 and Rs216.05 respectively.