Matrimony reports Revenue growth of 6.2% y/y

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, 2023, as approved by its board of directors.

Murugavel Janakiraman, Chairman and Managing Director said, "We are working on various enhancements and also new initiatives. These ongoing measures are expected to provide the desired momentum in the coming quarters".

Key financial highlights for the quarter ended December 31, 2023

Consolidated

- Billing at Rs 116.2 crores (decline of 0.8% q/q and growth of 4.3% y/y)
- Revenue at Rs 117.3 crores (decline of 3.6% q/q and growth of 6.2% y/y)
- Profit After Tax (PAT) at Rs 11.1 crores (decline of 11.3% q/q and 4.3% y/y)

Matchmaking

- Billing at Rs 114.1 crores (decline of 0.7% q/q and growth of 5.3% y/y)
- Revenue at Rs 114.9 crores (decline of 3.5% q/q and growth of 6.7% y/y)
- Added 2.6 lakhs paid subscriptions during the quarter (growth of 1.4% q/q and 10.8% y/y)

Other highlights

- Launched a 'Safe Matrimony' campaign aimed at increasing awareness about online frauds, with Ace Actor Vidya Balan, as the face of this campaign

Shares of Matrimony.Com Limited was last trading in BSE at Rs. 528.35 as compared to the previous close of Rs. 533.85. The total number of shares traded during the day was 1492 in over 149 trades.

The stock hit an intraday high of Rs. 550.35 and intraday low of 524.00. The net turnover during the day was Rs. 791120.00.

Source : Equity Bulls

Keywords

Matrimony INE866R01028 Q3FY24 9MFY24 ResultUpdate