Matrimony.com Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

Notes:-

a) The above audited consolidated and standalone financial results as reviewed by the Audit Committee have been approved by Board of Directors at its meeting held on May 11, 2021. The Statutory Auditors have conducted a limited review of these results in terms of Regulation 33 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (as amended).

b) The Consolidated financial results of the company comprising its wholly owned subsidiaries (together 'the Group') and its associate includes the results of the following entities:

Company Relationship under Ind AS

Sys India Private Limited Subsidiary

Consim Info USA Inc. Subsidiary

Matrimony DMCC Subsidiary

Astro Vision Futuretech Private Limited Associate

c) The Company has considered the possible effects that may result from COVID-19 in the preparation of these financial results, including the impact of this pandemic on its business operations, assessed the Company’s liquidity position for the next one year and evaluated the recoverability and carrying value of its assets including Property, plant and equipment, Right of Use assets and Investments as at March 31, 2021. Based on its review, consideration of internal and external information up to the date of approval of these financial results and current indicators of future economic conditions relevant to the Company’s operations, management has concluded that there are no adjustments required to the Company’s financial results. However, the estimated impact of COVID 19 might vary from the date of approval of these financial results and the Company will continue to monitor any material changes to future economic conditions.

d) The Ministry of Corporate Affairs notified amendment to Ind AS 116, "Leases", that provides an optional practical expedient for lessees from assessing whether a rent concession related to COVID-19 is a lease modification. The Company has elected to account for rent concessions related to COVID-19 the same way as if they were not lease modifications. Accordingly, the Company had recognized Rs. 240.14 lakhs as reversal of lease liability with a corresponding adjustment to the right-of use asset during the quarter ended June 30, 2020.

e) During the quarter 15,300 stock options were granted to employees and 88,573 stock options exercised by eligible employees. The total outstanding stock options as at March 31, 2021 are 1,46,578.

f) The Board of Directors, at its meeting held on May 11, 2021 have recommended a final dividend of 70% (Rs. 3.50 per equity share of par value of Rs. 5/- each subject to the approval of the shareholders

g) Figures of the previous periods, wherever necessary, have been regrouped / reclassified to conform to the current periods' presentation.

h) The above consolidated and standalone financial results are also available on the stock exchange websites www.bseindia.com and www.nseindia.com and on our website www.matrimony.com.

i) The figures for the quarters ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial year ended March 31, 2021 and March 31, 2020 respectively and the un-audited published year to date figures up to December 31, 2020 and December 31, 2019 respectively, being the end of the third quarter of the respective financial years which were subjected to a limited review.

Murugavel Janakiraman
Chairman & Managing Director