Cupid Q2 profit more than doubles to ₹56.2 cr, revenue at ₹188 cr

Cupid Ltd reported a sharp rise in consolidated net profit for the second quarter of FY27, with profit more than doubling year-on-year to ₹56.2 crore from ₹24.1 crore.

Revenue from operations rose to ₹188 crore in Q2 FY27 from ₹84.4 crore in the year-ago period.

The company's EBITDA increased 93.3% YoY to ₹54.9 crore from ₹28.4 crore.

However, EBITDA margin declined to 29.2% in Q2 FY27 from 33.6% in the corresponding quarter last year.

In a filing to stock exchanges, the company said the board had a meeting on January 21 in which it had already approved investment in 1,01,00,000 Warrants of Baazar Style at ₹328.25 per Warrant, out of which 45,00,000 Warrants have already been converted into Equity Shares.

'Accordingly, 56,00,000 warrants are presently outstanding, all of which are now proposed to be converted in one or more tranches. The proposed conversion is within the overall 1,01,00,000 warrants approved by the board and is at the predetermined price of ₹328.25 per equity share,' Cupid told BSE.