Matrimony.com reports 64% rise in Sept quarter profit

Chennai: Matrimony.com, online matrimony company reported a 64% rise in consolidated net-profit at Rs 19.16 crores for the quarter compared to Rs 11.69 crores in the corresponding quarter last year.

The company reported a consolidated revenue of Rs. 83.7 crores for the quarter, a growth of 13.7 % against the Rs 73.61 crores reported in the corresponding quarter of the previous year.

Earnings before Interest, Tax and Depreciation (EBITDA) for the quarter were at Rs. 20.6 Crores against Rs. 14.8 Crores for the corresponding quarter of the previous year, a growth of 39.5%. The EBITDA margin for the quarter was at 24.6% as against 20.1% for the corresponding quarter of the previous year. The Company’s consolidated Net Profit (Total comprehensive income) for the quarter was at Rs. 18.8 Crores, a growth of 61.1%, against the corresponding quarter of the previous year. The net profit for the quarter includes the impact of recognition of previously unrecognised net deferred tax assets of Rs 3.25 Crores.

Managing Director Murugavel Janakiraman, said, “Business is witnessing a healthy double digit growth with improved EBITDA margins leading to higher cash flows”.

Overall profiles added for the quarter were 8.7 lakhs, of which 61% were posted by the prospects themselves, 17% of the profiles were added by parents and 22% of the profiles were by siblings, relatives and others.


The Economic Times