Matrimony.com - Revenue Improves But Margin Dips: ICICI Direct
Ritual being carried out at a traditional Indian wedding. (Source: Pixabay)

Matrimony.com - Revenue Improves But Margin Dips: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Matrimony.com Ltd.’s revenue increased 4.6% QoQ (up 7.5% YoY) to Rs 101.1 crore, mainly led by 4.6% QoQ (up 8.3% YoY) growth in matchmaking services (led by 6.4% QoQ growth in pricing).

Ebitda margin declined 179 basis points QoQ (up 322 bps YoY) at 17.1% mainly led by higher other expenses.

Profit after tax increased 8.1% QoQ (up 49.4% YoY) to Rs 10.1 crore.

Billing increased 6.6% QoQ (10.8% YoY) to Rs 106.7 crore mainly led by 6.3% QoQ (12.0% YoY) growth in matchmaking services.

The company has declared a dividend of Rs 3.5 per share.

Click on the attachment to read the full report:

ICICI Direct Matrimony Company Update.pdf

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