Matrimony.com: Is it the right match for your portfolio, post correction?
Matrimony's matchmaking segment grew faster than Jeevansathi in the second quarter
December 03, 2021 / 12:29 PM IST
Matrimony.Com | CMDB II sold 1.25 lakh shares each on the NSE and BSE, at Rs 880.15 per share and Rs 880.01 per share respectively.
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Matrimony.com delivered good Q2 results, with EBITDA margin expanding to 23.9 percent and revenue growing by 4.3 percent. Paid subscriptions, at 2.20 lakhs, were marginally lower. The average transaction value (ATV) of matchmaking services remained flat over Q1FY22 at Rs 4,739. Matchmaking billings grew 1.3 percent to Rs 106.1 crore. During the second quarter, the company expanded to Bangladesh, becoming the country's first matchmaking portal, and launched an app, Jodii, for the Tamil market.
The company reported a billing of...