Published On: Wed, May 20th, 2020

Matrimony reports Q4 matchmaking revenue growth of 13.1% Y/Y

Chennai, May20, 2020.

Matrimony.com Limited, the leading online matrimony company, announced its audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2020, as approved by its board of directors.

Murugavel Janakiraman, Chairman and Managing Director said, “Despite the challenging situation caused by COVID-19, we were able to demonstrate a double-digit revenue growth in matchmaking and an increase in profitability in Q4.  With our focused efforts towards business continuity, we were able to prioritize employee well-being and safety and achieve close to 100% work from home for our people.  We continue to drive efficiencyacross all areas to be a stronger organization. We continue to improve our product and services to provide superior customer experience.Our robust balance sheet will help us to navigate these troubled times and with the right interventions, the business can emerge stronger when the situation improves”.

Key financial highlights for the quarterended March 31, 2020

Consolidated

  • Billing at Rs 96.3 crores (growthof 4.8% q/q and 1.5% y/y)
  • Revenue at Rs 94.1 crores (growth of 4.5 % q/q and 9.3 y/y)
  • Profit After Tax (PAT) at Rs 6.8 crores (growth of20.9% q/q and decline of4.5% y/y)

Matchmaking

  • Billing at Rs 94.7 crores (growth of 5.9% q/q and 4.3% y/y)
  • Revenue at Rs 93crores (growth of 5.8 q/q and 13.1% y/y)
  • 4.6millionactive profiles as ofMarch31, 2020
  • Added 1.45 million free profilesand 183,348 paid subscriptions during the quarter

Key financial highlights for the year ended March 31, 2020

Consolidated

  • Billing at Rs 368.6 crores (growth of 3.6%)
  • Revenue at Rs 371.8 crores (growth of 6.7%)
  • Profit After Tax (PAT) at Rs 29.5 crores (decline of 30.4%).

Matchmaking

  • Billing at Rs 356.6 crores (growth of 4.1%)
  • Revenue at Rs 360.4crores (growth of 7.3%)
  • Added 5.28 million free profiles and 704,259 paid subscriptions during the year

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