Matrimony reports Billing growth of 7.3% y/y
Chennai, November 10, 2023: Matrimony.com Limited, the leading online matrimony company,
announced its unaudited standalone and consolidated financial results for the second quarter and
half year ended September 30, 2023, as approved by its board of directors.
Murugavel Janakiraman, Chairman and Managing Director said, “Despite Q2 being a seasonal
quarter we have shown growth in revenue and profits on a y/y basis. We have launched a
transformed BharatMatrimony platform, delivering enhanced user interface and functionality
including connecting matches over shared interests. We expect this initiative will add further value
to our customers”.
Key financial highlights for the quarter ended September 30, 2023
Consolidated
Billing at Rs 117.1 crores (decline of 6% q/q and growth of 7.3% y/y)
Revenue at Rs 121.6 crores (decline of 1.4% q/q and growth of 5.9% y/y)
Profit After Tax (PAT) at Rs 12.5 crores (decline of 11.6% q/q and growth of 7% y/y)
Matchmaking
Billing at Rs 114.9 crores (decline of 6% q/q and growth of 7.8% y/y)
Revenue at Rs 119.2 crores (decline of 1.1% q/q and growth of 6% y/y)
Added 2.6 lakhs paid subscriptions during the quarter (decline of 7% q/q and growth of 7.4%
y/y)
Other highlights
Transformed the BharatMatrimony app and website, delivering an enhanced user interface and
functionality. Upgraded experience features including a user-friendly dashboard, personalized
match listings, daily curated recommendations, a streamlined mailbox, interactive chat, and
detailed profile views. Enhanced capability to connect with matches over shared interests such
as lifestyle and hobbies.
