Cupid Q3 net profit rises 25% to ₹11.04 crore
The Hindu
Cupid Ltd reports increased profits, appoints new Chairman, and expands market presence with new products and manufacturing facility.
Cupid Ltd for the third quarter reported net profit of ₹ 11.04 crore, as compared to ₹ 8.86 crore in the year ago period, up 24.60%.
The total income of the company for the period ended December 31, 2024 increased 24.47% to ₹ 50.76 crore as against ₹ 40.78 crore in the year ago.
Operating Income was at ₹ 46.35 crore, as compared to ₹40.05 crore a year ago up by 15.73%.
The Board has appointed Aditya Kumar Halwasiya, Managing Director of the company as Chairman & Managing Director.
Commenting on the results, Mr Halwasiya said” We are expanding our market presence and keep bringing new high quality products to the market.”
“We are honoured to receive continuous orders from our customers in India and Beyond. It is a testament to our consistent quality, reliability, and commitment to supporting global health initiatives,” he said.
“Our new manufacturing facility at Palava near Mumbai is shaping up well and should be operational by the end of the current calendar year,” he added.
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