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
Internet Software & Services company Matrimony.com announced Q4FY23 & FY23 results: Consolidated Q4FY23: Billing at Rs 121 crore (growth of 8.6% QoQ and 5.1% YoY) Revenue at Rs 114.5 crore (growth of 3.7% QoQ and 3.6% YoY) Profit After Tax (PAT) at Rs 11.4 crore (decline of 1.7% QoQ and 2.6% YoY) Matchmaking Q4FY23: Billing at Rs 117.6 crore (growth of 8.6% QoQ and 3.9% YoY) Revenue at Rs 111.6 crore (growth of 3.6% QoQ and 2.3% YoY) Added 2.62 lakh paid subscriptions during the quarter (growth of 9.9% QoQ and 11.8% YoY) Consolidated FY23: Billing at Rs 458 crore (growth of 5.4%) Revenue at Rs 455.8 crore (growth of 4.9%) Profit After Tax (PAT) at Rs 46.7 crore (decline of 12.9%) Matchmaking FY23: Billing at Rs 447 crore (growth of 3.9%) Revenue at Rs 446 crore (growth of 3.6%) Added 9.94 lakh paid subscriptions during the year (growth of 11.1%) The Board of Directors, at its meeting held on May 9, 2023, has recommended a final dividend of 100% (Rs 5 per equity share of par value of Rs 5 each), subject to the approval of the shareholders. Murugavel Janakiraman, Chairman and Managing Director said, “We improved on the quarter-on-quarter momentum. With our ongoing initiatives, we expect to have a good start in the coming year along with accelerating profits”. Result PDF