Matrimony's growth momentum continues in Q3 FY22

Matrimony.com Limited, the leading online matrimony company, announced its unaudited standalone and consolidated financial results for the Third quarter and nine months ended December 31, 2021, as approved by its board of directors.

Murugavel Janakiraman, Chairman and Managing Director said, "Despite a seasonal quarter, our revenue growth was reasonably good on a Y/Y basis. Executing the strategic priorities with rigor and backing it with investments in the right areas, have made this possible. We expect growth momentum to further accelerate in Q4".

Key financial highlights for the quarter ended December 31, 2021

Consolidated

• Billing at Rs 107.4 crores (growth of 0.5% q/q and 7.3% y/y)
• Revenue at Rs 108.5 crores (decline of 1.3 % q/q and growth of 12.2% y/y)
• Profit After Tax {PAT) at Rs 11.5 crores (decline of 30.6% q/q and growth of 4.3% y/y)

Matchmaking

• Billing at Rs 106.1 crores (flat q/q and growth of 6.3% y/y)
• Revenue at Rs 107.2 crores (decline of 1.8% q/q and growth of 11.4% y/y)
• Added 2.15 lakhs paid subscriptions during the quarter

Other highlights

• Launched patent-pending feature "Acceptable Matches" to help member profiles be seen and contacted only by relevant matches

Shares of Matrimony.Com Limited was last trading in BSE at Rs. 824.90 as compared to the previous close of Rs. 830.90. The total number of shares traded during the day was 400 in over 119 trades.

The stock hit an intraday high of Rs. 836.85 and intraday low of 810.00. The net turnover during the day was Rs. 329038.00.

Source : Equity Bulls

Keywords

MatrimonyCom INE866R01028 Q3FY22 9MFY22 ResultUpdate