Matrimony Reports Robust Revenue Growth Of 6.2% y/y

Matrimony.com Limited, the leading online matrimony company, announced its unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2023, as approved by its board of directors.

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”.

Key financial highlights for the quarter ended December 31, 2023

Consolidated

Billing at Rs 116.2 crores (decline of 0.8% q/q and growth of 4.3% y/y)

Revenue at Rs 117.3 crores (decline of 3.6% q/q and growth of 6.2% y/y)

Profit After Tax (PAT) at Rs 11.1 crores (decline of 11.3% q/q and 4.3% y/y)

Matchmaking

Billing at Rs 114.1 crores (decline of 0.7% q/q and growth of 5.3% y/y)

Revenue at Rs 114.9 crores (decline of 3.5% q/q and growth of 6.7% y/y)

Added 2.6 lakhs paid subscriptions during the quarter (growth of 1.4% q/q and 10.8% y/y)

Other highlights

Launched a ‘Safe Matrimony’ campaign aimed at increasing awareness about online frauds, with Ace Actor Vidya Balan, as the face of this campaign

About Matrimony.com limited

Matrimony.com is India’s leading consumer Internet Company managing marquee brands such as BharatMatrimony, CommunityMatrimony and EliteMatrimony.  BharatMatrimony is considered the largest and most trusted matrimony brand which has also established a considerable retail presence with over 100 self-owned retail outlets across India.  Matrimony.com has also launched Jodii – an exclusive matchmaking service for non-graduates, in 9 Indian languages. The Company delivers matchmaking and marriage related services to users in India and the Indian diaspora.  The Company has pioneered several new business models such as WeddingBazaar.com, Mandap.com and CommunityMatrimony.com, a consortium of over 300 community matrimony services.

For more details, visit https://www.matrimony.com