Matrimony.com's revenue during the quarter climbed to Rs 114.9 crore, which was 4.5 percent higher as against Rs 109 crore clocked in the year-ago period.
Matrimony runs a fundamentally strong business and enjoys clear leadership in South India with a strong position in the north Indian market. Despite being part of the same ecosystem, Matrimony has a well-scaled business that generates a sustainable 22-25 percent EBITDA margin and double-digit PAT margin and trades reasonably below its internet peers. Here’s why you should bet on this stock for the long run
Matrimony.com’s share price has broadly underperformed the market as the wedding business was severely impacted by Covid restrictions. As the recovery gains momentum, we believe the share price should reflect its fair value. Watch this video to find out the key growth drivers for the company and its stock price.
Total income for the January-March 2019 quarter grew to Rs 86.61 crore from Rs 84.36 crore a year ago.