Internet Software & Services company Matrimony.com announced Q2FY25 results Financial Highlights: Billing at Rs 111 crore (decline of 5.5% QoQ and 5.2% YoY). Revenue at Rs 115.5 crore (decline of 4.2% QoQ and 5% YoY). Profit After Tax (PAT) at Rs 13.2 crore (decline of 5.8% QoQ and growth of 5% YoY). Other Highlights: Launched an App “Luv.com” in the matchmaking space to address Next Generation (NextGen) serious relationships. The offering will focus on the theme of “love” before marriage, thereby building a clear differentiation and addressing the market potential in India. Launched a new line of business called “ManyJobs.com” – to focus exclusively on greycollar, front- line and entry level jobs. Initial Launch completed for the Tamil Nadu market in both English and Vernacular (Tamil). Matrimony.com has officially been certified a great place to work by an assessment conducted by Great Place to Work, India. Murugavel Janakiraman, Chairman and Managing Director, Matrimony.com, said: “This quarter was muted in terms of revenue growth due to seasonality. We expect to move to positive trajectory in Q3. To leverage on our brand strength and network effects, we have launched new / adjacent businesses. These initiatives have the growth potential in the years to come. I am also excited to share that Matrimony.com has officially been certified a great place to work by an assessment conducted by Great Place to Work, India, based on feedback received from all our Associates. This recognition reflects our commitment to fostering a culture of trust, respect, and collaboration, complemented by dedication and contributions of our leaders and all our Associates”. Result PDF
Internet Software & Services company Matrimony.com announced consolidated Q1FY25 results: Billing at Rs 117.5 crore (decline of 3.1% QoQ and 5.6% YoY) Revenue at Rs 120.6 crore (growth of 1.1% QoQ and decline of 2.2% YoY) Profit After Tax (PAT) at Rs 13.97 crore (growth of 19.1% QoQ and decline of 1.4% YoY) Matchmaking: Billing at Rs 116.3 crore (decline of 2.5% QoQ and 4.8% YoY) Revenue at Rs 118.6 crore (growth of 0.8% QoQ and decline of 1.6% YoY) Added 2.64 lakh paid subscriptions during the quarter (decline of 1.8% QoQ and 5.6% YoY) Murugavel Janakiraman, Chairman and Managing Director said, “This quarter was muted in terms of revenue growth due to the impact of higher than usual inauspicious days in certain markets. However, PAT increased on a QoQ basis due to cost optimization. We expect the overall trends to be better in the coming quarters”. Result PDF