Internet Software & Services company Matrimony.com announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
Consolidated:
- Billing at Rs 121.2 crore (growth of 4.3% QoQ and 0.2% YoY)
- Revenue at Rs 119.2 crore (growth of 1.7% QoQ and 4.1% YoY)
- Profit After Tax (PAT) at Rs 11.7 crore (growth of 5.6% QoQ and 2.9% YoY)
Matchmaking:
- Billing at Rs 119.2 crore (growth of 4.5% QoQ and 1.4% YoY)
- Revenue at Rs 117.7 crore (growth of 2.4% QoQ and 5.5% YoY)
- Added 2.7 lakhs paid subscriptions during the quarter (growth of 2.1% QoQ and 2.9% YoY)
FY24 Financial Highlights:
Consolidated:
- Billing at Rs 479 crore (growth of 4.6%)
- Revenue at Rs 481.4 crore (growth of 5.6%)
- Profit After Tax (PAT) at Rs 49.6 crore (growth of 6.2%)
Matchmaking:
- Billing at Rs 470.3 crore (growth of 5.2%)
- Revenue at Rs 472.4 crore (growth of 5.9%)
- Added 10.74 lakhs paid subscriptions during the year (growth of 8%)
Murugavel Janakiraman, Chairman and Managing Director said, “We are happy to see the paid subscriptions crossing a significant milestone of over 1 million. This is an outcome of our focused initiatives on segmentation and customer centric measures in enhancing the product. We expect to continue this momentum in FY25”.