Matrimony reports Q4 matchmaking revenue growth of 13.1% Y/Y

Chennai, May 20, 2020: Matrimony.com Limited, the leading online matrimony company, announced its audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2020, as approved by its board of directors.

Murugavel Janakiraman, Chairman and Managing Director said, “Despite the challenging situation caused by COVID-19, we were able to demonstrate a double-digit revenue growth in matchmaking and an increase in profitability in Q4.  With our focused efforts towards business continuity, we were able to prioritize employee well-being and safety and achieve close to 100% work from home for our people.  We continue to drive efficiency across all areas to be a stronger organization. We continue to improve our product and services to provide superior customer experience.   Our robust balance sheet will help us to navigate these troubled times and with the right interventions, the business can emerge stronger when the situation improves”.

Key financial highlights for the quarter ended March 31, 2020

Consolidated

·           Billing at Rs 96.3 crores (growth of 4.8% q/q and 1.5% y/y)

·           Revenue at Rs 94.1 crores (growth of 4.5 % q/q and 9.3 y/y)

·           Profit After Tax (PAT) at Rs 6.8 crores (growth of 20.9% q/q and decline of 4.5% y/y)

Matchmaking

·           Billing at Rs 94.7 crores (growth of 5.9% q/q and 4.3% y/y)

·           Revenue at Rs 93 crores (growth of 5.8 q/q and 13.1% y/y)

·           4.6 million active profiles as of March 31, 2020

·           Added 1.45 million free profiles and 183,348 paid subscriptions during the quarter

Key financial highlights for the year ended March 31, 2020

Consolidated

·           Billing at Rs 368.6 crores (growth of 3.6%)

·           Revenue at Rs 371.8 crores (growth of 6.7%)

·           Profit After Tax (PAT) at Rs 29.5 crores (decline of 30.4%).

Matchmaking

·           Billing at Rs 356.6 crores (growth of 4.1%)

·           Revenue at Rs 360.4 crores (growth of 7.3%)

·           Added 5.28 million free profiles and 704,259 paid subscriptions during the year

Announcement

·           The Board of Directors, at its meeting held on May 20, 2020 have recommended a final dividend of 70% (Rs 3.5 per equity share of par value of Rs 5 each), subject to the approval of the Shareholders.  The final dividend includes a special dividend of 40% (Rs 2 per equity share of par value of Rs 5 each), on the occasion of the company’s 20^th Anniversary.

About Matrimony.com limited

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. BharatMatrimony is considered the largest and most trusted matrimony brand which has also established a considerable retail presence with over 140 self-owned retail outlets across India. 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 MatrimonyBazaar.com, Mandap.com and CommunityMatrimony.com, a consortium of over 300 community matrimony websites.

For more details, visit https://www.matrimony.com

Safe Harbour

Certain statements in this release could be forward-looking statements on our business.  These involve a number of risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements.  We do not undertake to update any such forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.