Matrimony reports strong growth in FY22

Mumbai, May 12, 2022: Matrimony.com Limited, the leading online matrimony company, announced its audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2022, as approved by its board of directors.
Murugavel Janakiraman, Chairman and Managing Director said, “We have demonstrated good growth in FY22 through relentless focus on execution of our strategies and tapping new horizons.  With an able leadership and passionate set of people, we are poised to enhance our growth momentum, keeping our core purpose intact”.
Key financial highlights for the quarter ended March 31, 2022
Consolidated
•           Billing at Rs 115.1 crores (growth of 7.2% q/q and 7.9% y/y)
•           Revenue at Rs 110.6 crores (growth of 1.9% q/q and 9.4% y/y)
•           Profit After Tax (PAT) at Rs 11.7 crores (growth of 1.8% q/q and 15.6% y/y)
Matchmaking
•           Billing at Rs 113.2 crores (growth of 6.7% q/q and 6.7% y/y)
•           Revenue at Rs 109.1 crores (growth of 1.8% q/q and 8.4% y/y)
•           Added 2.34 lakhs paid subscriptions during the quarter (growth of 8.8% q/q and 3.1% y/y)
Key financial highlights for the year ended March 31, 2022
Consolidated
•           Billing at Rs 434.4 crores (growth of 12.9%)
•           Revenue at Rs 434.5 crores (growth of 15%)
•           Profit After Tax (PAT) at Rs 53.6 crores (growth of 31.4%)
Matchmaking
•           Billing at Rs 430 crores (growth of 12.2%)
•           Revenue at Rs 430.4 crores (growth of 14.5%)
•           Added 8.94 lakhs paid subscriptions during the year (growth of 6.8%)
Other highlights
•           Jodii, a matchmaking service to help millions of common people find their life partner, launched in 10 Indian languages
•           Launched “Pehle Padhai Phir Shaadi” – a social initiative to empower girls to choose education over marriage. Through this campaign scholarships are being given to help girls pursue their dreams through college education
Announcements
•           The Board of Directors, at its meeting held on May 12, 2022, have recommended a final dividend of 100% (Rs 5 per equity share of par value of Rs 5 each), subject to the approval of the Shareholders
 
•           The Board of Directors, subject to approval by the Shareholders of the Company, have recommended a buyback of Equity Shares not exceeding Rs 75 crores at an indicative maximum buyback price not exceeding Rs 1,150