Matrimony.com achieves a milestone in third quarter

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By Ashish Mitra --
Friday, 05 Feb, 2021

As approved by its board of directors, Matrimony.com Limited, the leading online matrimony company has come out with its unaudited standalone and consolidated financial results for the third quarter and nine months that ended December 31, 2020.

A happy Murugavel Janakiraman, Chairman and Managing Director said, “Happy to achieve a milestone of Rs 100 crores of billing in this quarter and continued improvement in profitability. We have strengthened our leadership team and launched new products and services. With numerous initiatives being implemented, we are confident of sustained double-digit growth in billing in the future.”

Key financial highlights for the quarter ended December 31, 2020

Consolidated

Billing at Rs 100.1 crores (growth of 3.6% q/q and 9% y/y)

Revenue at Rs 96.7 crores (growth of 3.6 % q/q and 7.4% y/y)

Profit After Tax (PAT) at Rs 11 crores (growth of 7.4% q/q and 96.5% y/y)

Matchmaking

Billing at Rs 99.8 crores (growth of 3.8% q/q and 11.6% y/y)

Revenue at Rs 96.2 crores (growth of 3.8% q/q and 9.6% y/y)

Added 2.3 lakhs paid subscriptions during the quarter (growth of 6.2% q/q and 31.2% y/y)

In a move to expand and strengthen its leadership in the North, the company launched two new and exclusive services namely RajasthaniMatrimony and BihariMatrimony. It launched Doctors Matrimony exclusively for Doctors. It undertook Women Empowerment Program (CSR initiative) to promote employment by enhancing vocation skills for women. About 160 women will benefit from the online skill training programme which is being executed in association with the global NGO “Hand in Hand India”.

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. The Company has pioneered several new business models such as MatrimonyBazaar.com, Mandap.com and CommunityMatrimony.com, a consortium of over 300 community matrimony websites.

Matrimony.com achieves a milestone in third quarter. As approved by its board of directors, Matrimony.com Limited, the leading online matrimony company has come out with its unaudited standalone and consolidated financial results for the third quarter and nine months that ended December 31, 2020.

A happy Murugavel Janakiraman, Chairman and Managing Director said, “Happy to achieve a milestone of Rs 100 crores of billing in this quarter and continued improvement in profitability.  We have strengthened our leadership team and launched new products and services.  With numerous initiatives being implemented, we are confident of sustained double-digit growth in billing in the future.”

Key financial highlights for the quarter ended December 31, 2020

Consolidated

Billing at Rs 100.1 crores (growth of 3.6% q/q and 9% y/y)

Revenue at Rs 96.7 crores (growth of 3.6 % q/q and 7.4% y/y)

Profit After Tax (PAT) at Rs 11 crores (growth of 7.4% q/q and 96.5% y/y)

Matchmaking

Billing at Rs 99.8 crores (growth of 3.8% q/q and 11.6% y/y)

Revenue at Rs 96.2 crores (growth of 3.8% q/q and 9.6% y/y)

Added 2.3 lakhs paid subscriptions during the quarter (growth of 6.2% q/q and 31.2% y/y)

In a move to expand and strengthen its leadership in the North, the company launched two new and exclusive services namely RajasthaniMatrimony and BihariMatrimony.  It launched Doctors Matrimony exclusively for Doctors. It undertook Women Empowerment Program (CSR initiative) to promote employment by enhancing vocation skills for women. About 160 women will benefit from the online skill training programme which is being executed in association with the global NGO “Hand in Hand India”.

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. The Company has pioneered several new business models such as MatrimonyBazaar.com, Mandap.com and CommunityMatrimony.com, a consortium of over 300 community matrimony websites.