Cupid Ltd. reported a sharp jump in its June-quarter earnings, with consolidated net profit surging nearly 200% year-on-year as stronger operating margin and a more than 2.6-fold increase in revenue boosted profitability. The company's consolidated net profit rose to Rs 44.1 crore in the quarter ended June, compared with Rs 15 crore in the corresponding period last year, according to an exchange filing on Friday. Revenue from operations surged to Rs 154.7 crore from Rs 59.8 crore, reflecting robust business momentum and strong execution during the quarter. ALSO READ: Titan Q1 Results: Profit Soars 63% To Beat Estimates; Revenue Tops Rs 21,300 Crore Operating performance improved even faster than revenue. Earnings before interest, tax, depreciation and amortisation climbed to Rs 60.1 crore, up from Rs 16.5 crore a year ago. The Ebitda margin expanded to 38.8% from 27.5%, indicating better operating leverage and an improved product mix. Cupid's June-quarter performanc...
Gurmeet Ram Rahim, chief of Dera Sacha Sauda, was acquitted in a 22-year-old murder case today, with the Punjab and Haryana High Court citing lapses in investigation and lack of solid evidence against the accused.
The court also listed the areas in which investigation was "tainted and sketchy" -- including the weapon used for the murder, ballistic reports, post-mortem report, and polygraph test which did not bear out the prosecution claims in the murder of former sect manager Ranjit Singh.
Influenced by media glare, the investigating officer(s) "carried out a tainted and sketchy investigation into the crime," said the bench of Justices Sureshwar Thakur and Lalit Batra.
The case "is a stark portrayal of the necessity of Courts of law making an incisive and objective analyses of the evidence as exist on record," the judges said.
Ram Rahim is serving a 20-year-sentence for raping two of his disciples and has a 16-year-old murder case against him as well.
Ranjit Singh was killed allegedly for his suspected role in the circulation of an anonymous letter, which said how women were being sexually exploited by Ram Rahim at the Dera headquarters.
Ram Rahim, who was accused of conspiracy, and four others were convicted by a CBI court in Panchkula, Haryana, in October 2021 and given life imprisonment. He is currently in jail at Haryana's Rohtak.
Gurmeet Ram Rahim's conviction in 2017 in the rape cases sparked massive violence and arson in parts of Punjab and Haryana. Thirty people died, more than 250 were injured and the Army had to be called in.
from NDTV News- Special https://ift.tt/5I7VXCh
Comments
Post a Comment