Cupid Q2 results: net profit rises 133% to Rs 56.2 crore

Cupid Limited said in a filing with the National Stock Exchange that its consolidated net profit for the quarter ended 30 September 2026 (the second quarter of FY27) was Rs 56.2 crore, up 133.0% from Rs 24.1 crore a year earlier. Revenue from operations rose 122.5% to Rs 187.9 crore. The Board approved the unaudited results at a meeting held on 11 November 2026.

What Happened

According to the company's consolidated results, revenue from operations for the quarter was Rs 187.9 crore. That compares with Rs 84.4 crore in the quarter ended 30 September 2025 (up 122.5%) and Rs 154.7 crore in the quarter ended 30 June 2026 (up 21.4%).

Net profit for the period, all of it attributable to the owners of the company, was Rs 56.2 crore. That is up 133.0% from Rs 24.1 crore a year earlier and up 27.4% from Rs 44.1 crore in the previous quarter. Profit before tax was Rs 72.9 crore. Basic earnings per share were Rs 0.42 and diluted earnings per share were Rs 0.41.

The statement shows a line for change in fair value of investment of Rs 20.0 crore in the quarter. The previous quarter shows a small negative figure on that line, and the year-earlier quarter shows none.

For the six months ended 30 September 2026, consolidated revenue from operations was Rs 342.6 crore, against Rs 144.3 crore a year earlier (up 137.5%). Net profit for the half year was Rs 100.4 crore, against Rs 39.1 crore (up 156.5%).

The results are unaudited. The company's statutory auditors issued a limited review report on them. A limited review gives less assurance than an audit. The consolidated figures include one wholly owned foreign subsidiary.

In the same filing, the Board noted the conversion of up to the 56,00,000 outstanding warrants of Baazar Style Retail Limited into an equal number of equity shares, in one or more tranches. The filing says the Board approved an investment in 1,01,00,000 warrants of that company at Rs 328.25 per warrant on 21 January 2026, and that 45,00,000 of them have already been converted. It puts the cost of the remaining conversion at about Rs 137.87 crore in cash. It says the deal is not a related party transaction and needs no government or regulatory approval.

What It Means

For shareholders, the filing gives a clear record of how Cupid's business has grown over a year. Revenue from operations has more than doubled from the same quarter of 2025, and it has also grown from the previous quarter. Part of the quarter's profit comes from the Rs 20.0 crore fair value line, which is a change in the value of an investment, not revenue from selling goods.

The warrant conversion is a use of cash that readers can see in the filing. The company says it expects the investment to help it widen the reach of its products through the retail chain's store network.

The full results, notes and review report are in the company's filing with the National Stock Exchange. Complaints against listed companies and SEBI-registered intermediaries can be lodged at https://scores.sebi.gov.in.

Oquilia Data: Cupid Ltd. (NSE: CUPID)

Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.

Full record: Cupid share price on Oquilia

Source: Company filing on NSE