Matrimony.com Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 02:53 am EST
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Matrimony.com Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 1,215.97 million compared to INR 1,148.62 million a year ago. Revenue was INR 1,280.82 million compared to INR 1,190.73 million a year ago. Net income was INR 125.27 million compared to INR 117.1 million a year ago. Basic earnings per share from continuing operations was INR 5.63 compared to INR 5.17 a year ago. Diluted earnings per share from continuing operations was INR 5.63 compared to INR 5.16 a year ago.
For the six months, sales was INR 2,448.74 million compared to INR 2,308.85 million a year ago. Revenue was INR 2,578.67 million compared to INR 2,398.36 million a year ago. Net income was INR 266.94 million compared to INR 236.63 million a year ago. Basic earnings per share from continuing operations was INR 12 compared to INR 10.39 a year ago. Diluted earnings per share from continuing operations was INR 11.99 compared to INR 10.38 a year ago.
Matrimony.com Limited is an India-based company, which offers online matchmaking services on Internet and mobile platforms. The Company delivers its services online through domain-specific Web portals. It offers membership subscription, assisted matrimonial service fees and online advertising packages. It is also involved in marriage services, such as Mandap & Wedding Bazaar, which is a Website for matrimony-related directory services, including listings for wedding related services, such as wedding planners, venues, cards and caterers. The Company has two segments. Matchmaking services segment offers online matchmaking services on Internet and mobile platforms. Its matchmaking services are delivered to users in India and the Indian diaspora through websites, mobile sites and mobile applications complemented by an on-the-ground network in India. Marriage services segment offers marriage services consisting of WeddingBazaar services, MatrimonyMandap services and Photography services.