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