Home / News

Living-in-India

  • 0

MATRIMONY REPORTS A STRONG START TO FY22

MATRIMONY REPORTS A STRONG START TO FY22

New Delhi: Matrimony.com Limited, the leading online matrimony company, announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2021, as approved by its board of directors.

 

Murugavel Janakiraman, Chairman and Managing Director said, “We have delivered yet another good quarter with strong y/y billing, revenue and profitability growth.  This is a result of keeping our purpose at the core; the mission to create happy marriages, happy families and in turn, building a better Bharat. This purpose is reinforced through continued product innovation to enhance market positioning, customer experience and growth momentum”.

Key financial highlights for the quarter ended June 30, 2021

Consolidated

  • Billing at Rs 105.2 crores (decline of 1.4% q/q and growth of 29% y/y)
  • Revenue at Rs 105.5 crores (growth of 4.3 % q/q and 21.5% y/y)
  • Profit After Tax (PAT) at Rs 13.8 crores (growth of 36.5% q/q and 47.6% y/y)

Matchmaking

  • Billing at Rs 104.7 crores (decline of 1.3% q/q and growth of 29% y/y)
  • Revenue at Rs 104.9 crores (growth of 4.2% q/q and 21.8% y/y)
  • Added 2.2 lakhs paid subscriptions during the quarter (growth of 31.6% y/y)

Other highlights

  • During July 2021, the Company has signed definitive agreements to acquire a 100% stake in Boatman Tech Private Limited, promoters of ShaadiSaga.com, as approved by its Board of Directors. The acquisition will be by way of share purchase from the existing shareholders for an aggregate consideration of Rs 11 crores (subject to adjustments at the time of closing). The transaction is subject to customary closing conditions and regulatory approvals.

About Matrimony.com limited

Matrimony.com is India’s leading consumer Internet Company. It is a signature consumer internet conglomerate, 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 120 self-owned retail outlets across India.  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 websites.

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

Billing growth of 29% and Revenue growth of 21.5% y/y

Net Profit growth of 36.5% q/q and 47.6% y/y

 

Safe Harbour

Certain statements in this release could be forward-looking statements on our business.  These involve a number of risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements.  We do not undertake to update any such forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

Previous News

Technology News

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Gurugram, India – October 11, 2023: Samsung announced exciting offers

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

Bengaluru, October 10, 2023  IN-SPACe (Indian National Space Promotion and

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

New Delhi, October 3, India- Philips India announces an exciting co

Latest Business News

CSMIA's cargo operations thrive in FY 2024, driven by 10% rise in international volumes

CSMIA's cargo operations thrive in FY 2024, driven by 10% rise in international volumes

  • CSMIA witnessed a substantial 6% year-on-year growth in overall cargo volumes, with international cargo volume

NIQ Announces Inaugural ‘NIQ Founders Pitch Slam’ Competition for Emerging CPG Brands in India

NIQ Announces Inaugural ‘NIQ Founders Pitch Slam’ Competition for Emerging CPG Brands in India

One of the largest CPG Pitch Slams in India, offering participants a chance to win one year of free access to NIQ data, valued at $30,000!<

MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli Chinese

MasterChow taps renowned Chef Ranveer Brar as its Brand Ambassador to champion Asli Chinese

Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India

New D