Thursday, August 6, 2020

Matrimony reports strong net profit growth of 38% Q/Q

 Chennai, August 6, 2020: Limited, the leading online matrimony company,

announced its unaudited standalone and consolidated financial results for the first quarter

ended June 30, 2020, as approved by its board of directors.

Murugavel Janakiraman, Chairman and Managing Director said, “We were able to

minimize the impact caused by COVID-19 in the quarter and we have returned to a growth

trajectory in June. With many cost optimization measures, we were able to demonstrate a

good growth in profitability. We continue to focus on multiple initiatives across product,

campaigns and customer experience that will further enhance our market positioning and

growth momentum”.

Key financial highlights for the quarter ended June 30, 2020


 Billing at Rs 81.5 crores (decline of 15.3% q/q and 11.7% y/y)

 Revenue at Rs 86.8 crores (decline of 7.8 % q/q and 9.1 y/y)

 Profit After Tax (PAT) at Rs 9.4 crores (growth of 38.1% q/q and 0.4% y/y)


 Billing at Rs 81.2 crores (decline of 14.3% q/q and 7.5% y/y)

 Revenue at Rs 86.1 crores (decline of 7.3% q/q and 5.4% y/y)

 Added 167,803 paid subscriptions during the quarter

About limited 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, and, a consortium of over 300 community

matrimony websites.

For more details, visit

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.

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