Matrimony's growth momentum continues in Q3FY22; Revenue growth of 12.2% YoY

11 Feb 2022 , 10:19 AM

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, 2021, as approved by its board of directors.

Profit After Tax (PAT) at Rs11.5 crore, decline of 30.6% QoQ and growth of 4.3% YoY in Q3FY22. Revenue at Rs108.5 crore, down by 1.3 % QoQ and up 12.2% YoY basis.

Murugavel Janakiraman, Chairman and Managing Director said, “Despite a seasonal quarter, our revenue growth was reasonably good on a YoY basis.  Executing the strategic priorities with rigor and backing it with investments in the right areas, have made this possible.  We expect growth momentum to further accelerate in Q4”.

Key financial highlights for the quarter ended December 31, 2021:

On a consolidated basis, billing in Q3FY22 came at Rs107.4 crore (growth of 0.5% QoQ and 7.3% YoY).

Matchmaking

–           Billing at Rs106.1 crore (flat QoQ and growth of 6.3% YoY)
–           Revenue at Rs 107.2 crores (decline of 1.8% QoQ and growth of 11.4% YoY)
–           Added 2.15 lakhs paid subscriptions during the quarter

The company has launched patent-pending feature “Acceptable Matches” to help member profiles be seen and contacted only by relevant matches.

Matrimony.com Ltd is currently trading at Rs807.55 up by Rs1.15 or 0.14% from its previous closing of Rs806.40 on the BSE.