Matrimony Reports Q4 Billing Growth Of 8.6% q/q And 5.1% y/y, Full-year billing growth of 5.4%
Hyderabad/ Chennai, May 9: Matrimony.com Limited, the leading online matrimony company, announced its audited standalone and consolidated financial results for the fourth quarter and year-end as of March 31, 2023, as approved by its board of directors.
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”.
Key financial highlights for the quarter ended March 31, 2023
Consolidated
·Billing at Rs 121 crores (growth of 8.6% q/q and 5.1% y/y)
·Revenue at Rs 114.5 crores (growth of 3.7% q/q and 3.6% y/y)
·Profit After Tax (PAT) at Rs 11.4 crores (decline of 1.7% q/q and 2.6% y/y)
Matchmaking
·Billing at Rs 117.6 crores (growth of 8.6% q/q and 3.9% y/y)
·Revenue at Rs 111.6 crores (growth of 3.6% q/q and 2.3% y/y)
·Added 2.62 lakhs paid subscriptions during the quarter (growth of 9.9% q/q and 11.8% y/y)
Key financial highlights for the year ended March 31, 2023
Other highlights
·Launched Success Fee-based matchmaking for Elite Matrimony, where customers can avail of services for a minimal service charge.
·Matrimony.com won an Award from CNBC-TV18 under “Masters of Risk – Service Sector, Small Cap category”.
·Launched Jodii’s “Free for Women” campaign where women can access premium features for free (for the first 10 contacts).
· India’s first AI-based marketing campaign using ChatGPT & Midjourney on Valentine’s Day, which gained significant traction thanks to its impactful message.
Announcements
·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.
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