Matrimony.com Ltd. News and Updates

Name: Latest research reports of Matrimony.com Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Matrimony.com Ltd.
Rating: 4
Author: ICICI Securities Limited

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Matrimony.com Ltd.

10 Aug 2023

515.65

2.40%

Profitability improves in Q1 amid worsening risk reward ; downgrade to ADD

Accumulate: Matrimony.com Ltd.

Recommendation Target

ICICI Securities Limited

Matrimony.com’s (Matrimony) matchmaking revenue grew 8% QoQ and 5.6% YoY in Q1FY24. Billings in matchmaking increased 3.8% QoQ and 6.5% YoY in Q1FY24 vs 8.6% QoQ and 3.9% YoY in Q4FY23. Paid subscriptions were up ~12% YoY. We believe this indicates improving sentiment and augurs well for revenue growth in FY24E.

Matrimony.com Ltd. is trading below its 100 day SMA of 535.8

Matrimony.com Ltd.

09 Aug 2023, 06:29PM

515.65

2.40%

Matrimony.com Q1 net profit up 17%

Business Line

Shares of Matrimony.com rallied over 7 per cent to close at 706 on NSE

Matrimony.com Ltd.'s price crossed above 50Day SMA today

Matrimony.com Ltd.

10 May 2023

515.65

2.40%

Broker's call: Matrimony.com (Hold)

Business Line

ICICI Securities

Matrimony.com Ltd.'s price crossed above 50Day SMA today

Matrimony.com Ltd.

10 May 2023

515.65

2.40%

Matrimony.com reports consolidated Q4 net at Rs 11.40 cr, total income grew

Business Standard

Matchmaking service provider Matrimony.com has reported a consolidated profit for the fourth quarter ending March 31, 2023 of Rs 11.40 crore, the company said on Wednesday. The city-based firm had registered a consolidated profit at Rs 11.70 crore during the corresponding quarter the previous year. For the financial year ending March 31, 2023 the profit of the company slipped to Rs 46.67 crore from Rs 53.59 crore registered last financial year. The total income on consolidated basis during the quarter under review increased to Rs 119.96 crore from Rs 116.26 crore recorded in the same period last year. For the financial year ending March 31, 2023 the consolidated total income grew to Rs 480.15 crore from Rs 452.43 crore registered in the same period last financial year. Commenting on the financial performance, chairman and managing director Murugavel Janakiraman said, "We improved on the quarter-on-quarter momentum." "With our ongoing initiatives, we expect to have a good start in

Matrimony.com Ltd. is trading below its 100 day SMA of 535.8

Matrimony.com reports consolidated Q4 net at 11.40 crore

Business Line | 10 May 2023

Matrimony.com Ltd.

10 May 2023

515.65

2.40%

Turning the corner; re-rating likely

Buy: Matrimony.com Ltd.

Recommendation Target

ICICI Securities Limited

Matrimony’s revenue trend in Q4FY23 improved sequentially after two consecutive quarters of decline. Also, billings in matchmaking increased 8.6% QoQ and 76.9% YoY in Q4FY23 vs 1.6% QoQ and 2.1% YoY in Q3FY23. Paid subscriptions were up ~12% YoY.

Matrimony.com Ltd. is trading at high day volume of 53508.00000.

Matrimony.com Ltd.

10 May 2023

515.65

2.40%