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


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 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


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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