In This Article:
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Billing: INR111 crores, a decline of 5.5% quarter-over-quarter and 5.2% year-on-year.
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Revenue: INR115.5 crores, a decline of 4.2% quarter-over-quarter and 5.5% year-on-year.
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Matchmaking Business Billing: INR109.9 crores, a decline of 5.5% quarter-over-quarter and 4.3% year-on-year.
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Matchmaking Business Revenue: INR114.3 crores, a decline of 3.7% quarter-over-quarter and 4.1% year-on-year.
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Paid Subscriptions: 2.4 lakhs, a decline of 6.4% quarter-over-quarter and 4.9% year-on-year.
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Managed Services Billing: INR1.18 crores, a decline of 2.3% quarter-over-quarter and 47.6% year-on-year.
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Managed Services Revenue: INR1.24 crores, a decline of 37.2% quarter-over-quarter and 49% year-on-year.
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Quarterly Loss: INR3.64 crores, compared to a loss of INR2.21 crores in Q1 FY25.
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EBITDA Margin (Matchmaking): 22.6%, same as Q1, up from 21.3% a year ago.
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Marketing Expenses (Matchmaking): INR45.2 crores, down from INR47.1 crores in Q1 and INR46.1 crores a year ago.
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Consolidated EBITDA Margin: 15.2%, compared to 16.7% in Q1 and 15.1% a year ago.
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Profit After Tax: INR13.2 crores, a decline of 5.8% quarter-on-quarter and growth of 5% year-on-year.
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Cash Balance: INR379 crores, slightly declined due to dividend payout.
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ROCE Annualized: Approximately 13%.
Release Date: November 07, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Matrimony.com Ltd (NSE:MATRIMONY) has launched several new initiatives, including Luv.com for next-generation serious relationships and ManyJobs.com for frontline and entry-level jobs, indicating a focus on diversification and growth.
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The company has introduced a commission-based model in wedding services, which could potentially lead to better revenue opportunities.
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Matrimony.com Ltd (NSE:MATRIMONY) has optimized marketing expenses, maintaining EBITDA margins for the matchmaking business at 22.6%, an increase from 21.3% a year ago.
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The company has been recognized as a Great Place to Work, reflecting a positive organizational culture and employee satisfaction.
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There is an expected uptick in revenue and billing growth from Q4 onwards, driven by the upcoming wedding season and strategic marketing efforts.
Negative Points
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Matrimony.com Ltd (NSE:MATRIMONY) experienced a decline in billing and revenue in Q2, with a 5.5% decrease quarter-over-quarter and 5.2% year-on-year.
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The company reported a loss of INR3.64 crores in the quarter, an increase from the previous quarter, primarily due to investments in new initiatives.
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The matchmaking business saw a decline in paid subscriptions by 6.4% quarter-over-quarter and 4.9% year-on-year.
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The Marriage Services segment continues to make losses, with revenue flattening and no immediate profitability in sight.
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Profit after tax is expected to be lower in the next quarter due to continued investments in new areas and increased marketing expenses.