reports strong Q1 revenue growth of 10.9 %
Business reports strong Q1 revenue growth of 10.9 %

Agency News

Kolkata, Aug 07: Matrimony has reported strong q1 revenue growth of 10.9 per cent q/q, and profit after tax increases 31.3per cent q/q. Limited matrimony company, announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2019, as approved by its board of directors.

Chairman and Managing Director Murugavel Janakiraman said, “The year has started well with a strong revenue growth along with improved profitability margins. We are constantly evolving and innovating to meet the changing customer expectations. This focus will help us sustain the momentum”.

Key consolidated financial highlights for the quarter ended June 30, showed company’s billing stood at Rs 92.3 crore (decline of 2.6 per cent q/q and growth of 3.3 per cent y/y), revenue at Rs 95.5 crores (growth of 10.9 per cent q/q and 6.7 per cent y/y) and PAT at Rs 9.3 crore (growth of 31.3 per cent q/q, decline of 39.9 per cent y/y).

Other highlights revealed that the matchmaking platform has 4 million active profiles as at June 30, 2019 and added 1.2 million profiles and 176,877 paid subscriptions during the quarter. (UNI)