Cupid results were music to my ears after a rather subdued results from my other holdings:
Salient points:
- Revenue growth: 57% YoY and 23% QoQ.
- Profit growth: 140% YoY and 30% QoQ.
- All Pledged shared released.
- Interim dividend of 1 INR per share declared.
- EPS doubled H1 FY16 vs. H1 FY15.
On H1 EPS of 6.41 (FULL year FY 15 EPS is 6.93),
I predict, H2 FY16 to be better than H1 and full year EPS could be around 16-18. I think the full quarterly effect of the new large order may not have been reflected in this quarter but over the year the revenue growth will further catch up.
Quantitative and Qualitative points have both improved and the story could be on the way becoming a secular one.
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