Shares of Cupid Ltd. surged to an all-time high on Thursday, hitting Rs 389 after the company announced exceptionally strong financial results for the second quarter of fiscal year 2027 (Q2 FY27). The latest rally pushed the stock's year-to-date gains to an impressive 262%, cementing its status as a multibagger.
Exceptional Q2 Performance Drives Growth
For Q2 FY27, Cupid Ltd. reported a net profit of Rs 56.22 crore, marking a substantial 133% increase compared to the same period last year. Operating income also saw a significant jump, rising 122% year-on-year to Rs 187.86 crore, while total income grew 132% to Rs 208.97 crore. The company's Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at Rs 54.77 crore, with a healthy EBITDA margin of 29%.
Future Guidance Raised Amidst Strong Outlook
Following the robust quarterly performance, Cupid has revised its financial guidance upwards for the coming years. For FY27, the company now projects revenue exceeding Rs 880 crore and a net profit surpassing Rs 275 crore. Looking further ahead, FY28 guidance includes revenue over Rs 1,305 crore and net profit around Rs 390 crore. By FY29, Cupid anticipates revenue surpassing Rs 1,950 crore and net profit reaching approximately Rs 605 crore.
Additional Surveillance and Investment Update
Investors should note that Cupid shares are currently under the long-term Additional Surveillance Measure (ASM) framework by both the BSE and NSE. This framework is implemented by stock exchanges to alert investors about securities experiencing high volatility in their share prices.
In a separate development, the company's board provided an update on its proposed conversion of up to 56 lakh outstanding warrants of Baazar Style Retail Ltd. into an equivalent number of equity shares. This conversion will occur in one or more tranches at a predetermined price of Rs 328.25 per equity share, falling within the previously approved investment in 1.01 crore warrants.