Cupid shares extend 2026 gains to 265%; Stock at record high after Q2 results, guidance raise

Detailed summary

Following the first-half performance, Cupid raised its FY27 revenue guidance to at least ₹880 crore and net profit guidance to ₹275 crore or more, implying a 47% increase in revenue guidance from the original target of ₹600 crore.

Shares of Cupid Ltd. surged nearly 10% to a record high of ₹389 on Thursday, November 12, after the company reported a strong September quarter performance and raised its revenue and net profit guidance for FY27.

This marks the biggest single-day jump for the shares since March this year, making the stock the top gainer on the Nifty 500 index. Its trading activity was significantly higher, with 3.09 crore shares changing hands, nearly 3.9 times the average traded volume.

On Wednesday, Cupid reported a 2.3-fold year-on-year increase in consolidated net profit to ₹56.2 crore from ₹24.13 crore in the year-ago period.

Consolidated revenue from operations more than doubled to ₹187.9 crore from ₹84.45 crore in the corresponding quarter last year. Total income increased 131.6% to ₹208.97 crore.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 92.8% to ₹54.77 crore, while the EBITDA margin stood at around 29%.

For the first half of FY27, revenue from operations increased 137.5% year-on-year to ₹342.58 crore, while net profit rose 156.5% to ₹100.37 crore. EBITDA grew 155.8% to ₹114.83 crore.

Following the first-half performance, Cupid raised its FY27 revenue guidance to at least ₹880 crore and net profit guidance to ₹275 crore or more, implying a 47% increase in revenue guidance from the original target of ₹600 crore.

The company has also raised its medium-term revenue targets. It now expects revenue of at least ₹1,305 crore in FY28 and ₹1,950 crore in FY29, compared with its earlier targets of ₹1,085 crore and ₹1,500 crore, respectively. Net profit is projected at around ₹390 crore in FY28 and ₹605 crore in FY29.

The company delivered 42% of its revised FY27 revenue guidance and 36% of its profit target in the first half and expects the second half to be its strongest half-year so far.

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