Cupid shares dropped more than 3% in morning trade after Q3 results. AS of 11:24 AM, the shares were trading 1.63% lower at Rs 68.03.
The company’s net profit rose by 24.5% year-on-year, reaching Rs 11 crore compared to Rs 8.9 crore in the same quarter last year.
Revenue also saw a healthy increase of 15.7%, amounting to Rs 46.4 crore, up from Rs 40.1 crore in Q3 of the previous year. However, the company’s EBITDA showed a decline of 6.7%, dropping to Rs 11.3 crore from Rs 12.2 crore, which led to a reduction in margins to 24.5% from the previous 30.3%.
Cupid’s shares opened at Rs 68.90, peaking at Rs 69.02 and dropping to a low of Rs 66.05. The stock has shown significant volatility over the past year, with a 52-week high of Rs 140.00.
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