ICICI Direct: Matrimony.com’s Healthy Billing Growth Provides Revenue Visibility

Net profit of the matchmaker rose 31.2% year-on-year to Rs 10.3 crore in Q2 on the back of revenue that increased 1.1%.

Ritual being carried out at a traditional Indian wedding. (Source: Pixabay)

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ICICI Direct Report

Matrimony.com Ltd.’s revenues increased 7.5% QoQ (up 1.1% YoY) mainly led by 7.6% QoQ growth (up 4.6% QoQ) in matchmaking services (led by 25.7% YoY growth in paid subscribers).

Ebitda margins were flat QoQ (up 250 basis points YoY) at 17.7%. Net profit increased 9.6% QoQ (up 31.2% YoY) to Rs 10.3 crore.

Billing increased 18.5% QoQ (9.7% YoY) mainly led by 18.5% QoQ (13.5% YoY) growth in matchmaking services.

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ICICI Direct Matrimony Company Update.pdf
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