Chennai, August12th, 2022: Matrimony.com Limited, the leading online matrimony company, announced itsunaudited standalone and consolidated financial results for the first quarter endedJune 30, 2022, as approved by its board of directors.
Murugavel Janakiraman, Chairman and Managing Director said, “A good start to the year with a double-digit y/y billing growth. It is also heartening to see our paid subscriptions grow 13.8% y/y giving us the confidence that our strategic priorities are making good progress. We will continue to strengthen these focus areas to maintain this momentum”.
Key financial highlights for the quarterended June 30, 2022
Consolidated
- Billing at Rs 116.5 crores (growthof 1.3% q/q and10.8% y/y)
- Revenue at Rs 116crores (growth of 4.9% q/q and10% y/y)
- Profit After Tax (PAT) at Rs 12 crores (growth of 2.1% q/q anddecline of 13.5% y/y)
Matchmaking
- Billing at Rs 114.6 crores (growth of 1.2% q/q and9.4% y/y)
- Revenue at Rs 2crores (growth of 4.6% q/q and 8.9% y/y)
- Added 2.5 lakhs paid subscriptions during the quarter (growth of 7.2% q/q and13.8% y/y)
Other highlights
- BharatMatrimony encouraged singles to Be Choosy in new TV campaign that explores the bias against women who want to be choosy when it comes to finding the right life partner
- BharatMatrimony’s “Pehle PadhaiPhir Shaadi” – a social initiative to empower girls to choose education over marriage, bagged 14 awards, at the Kyoorius Creative Awards. The awards are a celebration of the most outstanding and innovative work in advertising and marketing communications