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Last Updated : May 10, 2019 07:09 PM IST | Source: PTI

Matrimony.com Ltd posts net profit of Rs 7.28 crore in Q4

Total income for the January-March 2019 quarter grew to Rs 86.61 crore from Rs 84.36 crore a year ago.

 
 
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Matrimony.com Ltd, engaged in online matrimony service, Friday said it has clocked net profits at Rs 7.28 crore for the quarter ending March 31, 2019.

The city-based firm in a filing said that for the year ending March 31, the net profit slipped to Rs 43.11 crore from Rs 73.86 crore registered a year ago.

Total income for the January-March 2019 quarter grew to Rs 86.61 crore from Rs 84.36 crore a year ago. For the year ending March 31, the total income was at Rs 350.08 crore as against Rs 335.51 crore registered the same period last year.

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Commenting on the financial performance, the company's chairman and managing director Murugavel Janakiraman said, "Q4 was a robust quarter in terms of billing growth. This will drive revenue momentum in the coming quarter and provide us with a good start to the financial year".

"We are confident of our on-going measures towards customer-centricity will help us deliver an enhanced performance in FY 20," he said. On the decline in net profits, the company said, "Marketing costs in the quarter (January-March 2019) were Rs 24 crore. This mainly caused the EBITDA and PAT to decline.

These are on-going investments to fuel future growth". For the financial year ending March 31, marketing costs went up by 44.6 per cent to Rs 81 crore leading to a dip in EBITDA and net profits.

The Board of Directors has recommended a final dividend of 30 per cent (Rs 1.5 per equity share of par value of Rs five each), subject to approval of shareholders.

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First Published on May 10, 2019 07:05 pm
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