Matrimony reports yet another good quarter

Matrimony.com Limited, the leading online matrimony company, announced its unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2021, as approved by its board of directors.

Murugavel Janakiraman, Chairman and Managing Director said, "This quarter has seen a good all-round performance. With a new footprint in Bangladesh and a new vernacular app in Tamil called Jodii, we expect to further increase traction for our members. This also demonstrates our focus towards executing our strategic priorities efficiently and accelerate growth".

Key financial highlights for the quarter ended September 30, 2021

Consolidated

• Billing at Rs 106.8 crores (growth of 1.6% q/q and 10.5% y/y)
• Revenue at Rs 110 crores (growth of 4.3 % q/q and 17.9% y/y)
• Profit After Tax (PAT) at Rs 16.6 crores (growth of 19.9% q/q and 61.4% y/y)

Matchmaking

• Billing at Rs 106.1 crores (growth of 1.3% q/q and 10.3% y/y)
• Revenue at Rs 109.2 crores (growth of 4.1% q/q and 17.8% y/y)
• Added 2.2 lakhs paid subscriptions during the quarter (growth of 4.4% y/y)

Other highlights

• Launched BangladeshiMatrimony.com operations at Dhaka, Bangladesh to serve Bangladeshis
• Launched Jodii, a vernacular matrimony app in Tamil, to help millions of common people find their life partner

Shares of Matrimony.Com Limited was last trading in BSE at Rs. 1024.25 as compared to the previous close of Rs. 1025.55. The total number of shares traded during the day was 6709 in over 1194 trades.

The stock hit an intraday high of Rs. 1040.00 and intraday low of 991.00. The net turnover during the day was Rs. 6826488.00.

Source : Equity Bulls

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