Cupid Ltd. Q4 revenue rose 64% YoY to ₹82.6 crore on export demand, with net profit more than doubling to ₹20.5 crore. Margins widened to 34.5%.
Cupid Ltd. reported a 64% year-on-year rise in fourth-quarter revenue to ₹82.6 crore, driven by strong export orders in its condom and pharmaceutical segments. Net profit more than doubled to ₹20.5 crore from ₹9.4 crore a year earlier, the company said in a filing.
The Nagpur-based manufacturer credited the growth to higher volumes in its core condom business and a recovery in overseas markets. Cupid supplies to institutional buyers including government health programs and international aid agencies, which have increased procurement in recent quarters.
Operating margins expanded to 34.5% from 28.1% in the same period last year, helped by better product mix and lower raw material costs. The company did not provide forward guidance in the filing.
Cupid shares closed 5.2% higher on the BSE on Wednesday following the results. The stock has gained about 18% in the past six months.
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