Matrimony.com's Q2 profit rises 2.7 times to ₹20.7 crore; it will also buy more of astrology matchmaker Astro-Vision
The matchmaking company added 3.02 lakh paid subscriptions in the quarter, up about 27% from a year ago.
- Profit: ₹20.7 crore (from ₹7.8 crore)
- Revenue: ₹134.8 crore (+17.6%)
- Paid subscriptions added: 3.02 lakh
The numbers
Matrimony.com, which runs BharatMatrimony, earned a consolidated profit of ₹20.7 crore in the September quarter, up from ₹7.8 crore a year earlier. Operating revenue rose 17.6% to ₹134.8 crore, while costs grew only about 2%.
Profit was also up about 8% from the June quarter's ₹19.1 crore, and billing, a sign of future revenue, grew about 11% from a year ago to ₹131.1 crore.
More subscribers, plus astrology
Its matchmaking business added 3.02 lakh paid subscriptions, up 26.6% from a year ago. The board also approved buying a further 50% of Astro-Vision, an astrology-based matchmaking business, for ₹8 crore, which will raise Matrimony's holding. The stock closed slightly lower at ₹578.60 on the BSE.
