Matrimony.com Ltd Share Price – NSE /  BSE

Miscellaneous, Small Cap

On a consolidated basis, the company's billing revenue stood at Rs 111 crore in Q2 September 2024, down 5.5% sequentially and 5.2% year-over-year.

In Q2FY25, net sales were at Rs 115.5 crore, down 4.2% sequentially and 5% year-over-year. Profit After Tax (PAT) stood at Rs 13.2 crore, down 5.8% sequentially but up 5% year-over-year. EBITDA was at Rs 17.5 crore, down 13.1% sequentially and 4.5% year-over-year. EBITDA margins were at 15.2% in Q2FY25, lower than 15.1% in Q2FY24 and 16.7% Q1FY25.

In the matchmaking segment, billing income was at Rs 109.9 crore, down 5.5% sequentially and 4.3% year-over-year. Revenue was Rs 114.3 crore, down 3.7% sequentially and 4.1% year-over-year. The firm added 2.47 lakh paid subscriptions during the quarter, down 6.4% sequentially and 4.9% year-over-year.

Murugavel Janakiraman, chairman and managing director said, This quarter was muted in terms of revenue growth due to seasonality. We expect to move to positive trajectory in Q3. To leverage on our brand strength and network effects, we have launched new / adjacent businesses. These initiatives have the growth potential in the years to come.

The company launched an App “Luv.com” in the matchmaking space to address next generation (next-gen) serious relationships. The offering will focus on the theme of love before marriage, thereby building a clear differentiation and addressing the market potential in India.

It also launched a new line of business called ManyJobs.com – to focus exclusively on grey-collar, front- line and entry level jobs. Initial Launch completed for the Tamil Nadu market in both English and Vernacular (Tamil).

Matrimony.com is India’s leading consumer Internet company managing marquee brands such as BharatMatrimony, CommunityMatrimony and EliteMatrimony. BharatMatrimony is considered the largest and most trusted matrimony brand which has also established a considerable retail presence with over 100 self-owned retail outlets across India. Matrimony.com has also launched Jodii – an exclusive matchmaking service for non-graduates, in 9 Indian languages. The company delivers matchmaking and marriage related services to users in India and the Indian diaspora. The company has pioneered several new business models such as WeddingBazaar.com, Mandap.com and CommunityMatrimony.com, a consortium of over 300 community matrimony services.

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Net profit of Matrimony.com rose 5.03% to Rs 13.16 crore in the quarter ended September 2024 as against Rs 12.53 crore during the previous quarter ended September 2023. Sales declined 5.02% to Rs 115.50 crore in the quarter ended September 2024 as against Rs 121.60 crore during the previous quarter ended September 2023.

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Matrimony.com will hold a meeting of the Board of Directors of the Company on 7 November 2024

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The company will focus exclusively on the grey-collar jobs market which is estimated to be about 45% and specifically on frontline and entry-level jobs. The company’s research indicates that frontline roles have higher attrition rates than blue or white collar jobs.

The company plans the initial launch for the Tamilnadu market in both English & vernacular (Tamil). In September 2024, the company will introduce a website for employers & recruiters. Following this, in October 2024, the company will release a dedicated app for job seekers.

Matrimony.com provides both matchmaking and marriage related services through websites, mobile sites and mobile apps.

The company’s consolidated net profit fell 1.4% to Rs 13.97 crore on 2.2% decline in net sales to Rs 120.59 crore in Q1 FY25 over Q1 FY24.

The counter fell 0.76% to end at Rs 769.45 on Friday, 20 September 2024.

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