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Cupid fiscal Q3 profit climbs 68.2% YOY

Cupid Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 3.38 Indian rupees per share, an increase of 68.0% from 2.01 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 37.6 million rupees, an increase of 68.2% from 22.3 million rupees in the year-earlier period.

The normalized profit margin rose to 24.1% from 18.5% in the year-earlier period.

Total revenue grew 29.2% year over year to 156.1 million rupees from 120.8 million rupees, and total operating expenses grew 15.9% on an annual basis to 100.1 million rupees from 86.4 million rupees.

Reported net income increased 48.5% from the prior-year period to 41.9 million rupees, or 3.77 rupees per share, from 28.2 million rupees, or 2.54 rupees per share.

As of Jan. 29, US$1 was equivalent to 67.85 Indian rupees.