Internet Software & Services company Matrimony.com announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Consolidated: Billing at Rs 121.2 crore (growth of 4.3% QoQ and 0.2% YoY) Revenue at Rs 119.2 crore (growth of 1.7% QoQ and 4.1% YoY) Profit After Tax (PAT) at Rs 11.7 crore (growth of 5.6% QoQ and 2.9% YoY) Matchmaking: Billing at Rs 119.2 crore (growth of 4.5% QoQ and 1.4% YoY) Revenue at Rs 117.7 crore (growth of 2.4% QoQ and 5.5% YoY) Added 2.7 lakhs paid subscriptions during the quarter (growth of 2.1% QoQ and 2.9% YoY) FY24 Financial Highlights: Consolidated: Billing at Rs 479 crore (growth of 4.6%) Revenue at Rs 481.4 crore (growth of 5.6%) Profit After Tax (PAT) at Rs 49.6 crore (growth of 6.2%) Matchmaking: Billing at Rs 470.3 crore (growth of 5.2%) Revenue at Rs 472.4 crore (growth of 5.9%) Added 10.74 lakhs paid subscriptions during the year (growth of 8%) Murugavel Janakiraman, Chairman and Managing Director said, “We are happy to see the paid subscriptions crossing a significant milestone of over 1 million. This is an outcome of our focused initiatives on segmentation and customer centric measures in enhancing the product. We expect to continue this momentum in FY25”. Result PDF
Internet Software & Services company Matrimony.com announced Q3FY24 results: Financial Performance: Consolidated Billing: Rs 116.2 crore, which is a decline of 0.8% QoQ but shows a growth of 4.3% YoY. Consolidated Revenue: Stood at Rs 117.3 crore, a decline of 3.6% QoQ while achieving a growth of 6.2% YoY. Profit After Tax (PAT): Decreased to Rs 11.1 crore, marking a decline of 11.3% QoQ and a 4.3% YoY drop. Matchmaking Segment Performance: Billing: Reported at Rs 114.1 crore, down by 0.7% QoQ but up by 5.3% YoY. Revenue: Saw a decline of 3.5% QoQ to Rs 114.9 crore, but reflected a 6.7% YoY growth. Paid Subscriptions: Increased by 2.6 lakhs, which translates to a 1.4% growth QoQ and a significant 10.8% growth YoY. Launched a ‘Safe Matrimony’ campaign aimed at increasing awareness about online frauds, with Ace Actor Vidya Balan, as the face of this campaign. 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”. Result PDF
Internet Software & Services company Matrimony.com announced Q2FY24 results: Consolidated: Billing at Rs 117.1 crore (decline of 6% QoQ and growth of 7.3% YoY) Revenue at Rs 121.6 crore (decline of 1.4% QoQ and growth of 5.9% YoY) Profit After Tax (PAT) at Rs 12.5 crore (decline of 11.6% QoQ and growth of 7% YoY) Matchmaking: Billing at Rs 114.9 crore (decline of 6% QoQ and growth of 7.8% YoY) Revenue at Rs 119.2 crore (decline of 1.1% QoQ and growth of 6% YoY) Added 2.6 lakhs paid subscriptions during the quarter (decline of 7% QoQ and growth of 7.4% YoY) Transformed the BharatMatrimony app and website, delivering an enhanced user interface and functionality Murugavel Janakiraman, Chairman and Managing Director said, “Despite Q2 being a seasonal quarter we have shown growth in revenue and profits on a YoY basis. We have launched a transformed BharatMatrimony platform, delivering enhanced user interface and functionality including connecting matches over shared interests. We expect this initiative will add further value to our customers” Result PDF