Matrimony.com Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 02:35 am
Share
Matrimony.com Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,172.57 million compared to INR 1,103.79 million a year ago. Revenue was INR 1,235.49 million compared to INR 1,203.58 million a year ago. Net income was INR 111.09 million compared to INR 116.05 million a year ago. Basic earnings per share from continuing operations was INR 4.99 compared to INR 5.21 a year ago. Diluted earnings per share from continuing operations was INR 4.99 compared to INR 5.21 a year ago.
For the nine months, sales was INR 3,621.31 million compared to INR 3,412.63 million a year ago. Revenue was INR 3,814.17 million compared to INR 3,601.94 million a year ago. Net income was INR 378.03 million compared to INR 352.68 million a year ago. Basic earnings per share from continuing operations was INR 16.99 compared to INR 15.6 a year ago. Diluted earnings per share from continuing operations was INR 16.98 compared to INR 15.59 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.