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Matrimony.com Ltd.

BSE: 540704 Sector: Others
NSE: MATRIMONY ISIN Code: INE866R01028
BSE 00:00 | 02 Aug 1151.50 -2.95
(-0.26%)
OPEN

1180.00

HIGH

1183.45

LOW

1147.10

NSE 00:00 | 02 Aug 1153.10 0.20
(0.02%)
OPEN

1162.60

HIGH

1181.70

LOW

1147.65

OPEN 1180.00
PREVIOUS CLOSE 1154.45
VOLUME 4015
52-Week high 1242.00
52-Week low 511.00
P/E 64.29
Mkt Cap.(Rs cr) 2,635
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1180.00
CLOSE 1154.45
VOLUME 4015
52-Week high 1242.00
52-Week low 511.00
P/E 64.29
Mkt Cap.(Rs cr) 2,635
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Matrimony.com Ltd. (MATRIMONY) - Director Report

Company director report

Dear Shareholders

The Board of Directors of your Company take pleasure in presenting the Nineteenthannual Report of the Company together with the audited consolidated & standalonefinancial statements and the auditor's Report thereon for the financial year ended March31 2020.

The results of operations for the year under review are given below:

Results of Operations

in Rs. Lakhs except per equity share data

Consolidated

Standalone

FY 20 FY 19 FY 20 FY 19
Restated Restated
1. Net Revenue 37183.53 34842.75 36711.69 33977.19
2. Other Income 152.98 165.36 337.95 175.28
3. Total income (1+2) 37336.51 35008.11 37049.64 34152.47
Expenditure:
a) Employee Benefit Expenses 15346.38 14148.06 15213.51 14093.58
b) Marketing Expenses 10802.74 8103.83 10821.92 8122.39
c) Infra /Communication/ Admin Expenses 5585.10 5163.03 5507.90 5142.59
4. Total expenditure 31734.22 27414.92 31543.33 27358.56
5. EBITDA(3-4) 5602.29 7593.19 5506.31 6793.91
6. Depreciation/Amortization 2796.36 2651.01 2792.47 2648.39
7. Finance Cost 524.95 485.87 523.55 484.32
8. Finance Income 1632.95 1393.32 1634.05 1395.45
9. Profit before tax and share of profit / (loss) from associate (5-6-7+8) 3913.93 5849.63 3824.34 5056.65
10. Share of loss from associate 6.28 - NA NA
11. Net Profit before tax (9-10) 3907.65 5849.63 3824.34 5056.65
12. Tax Expense 954.17 1604.57 956.58 1533.33
13. Net Profit after tax (11-12) 2953.48 4245.06 2867.76 3523.32
14. Other Comprehensive Income -Net of Tax -86.89 -41.22 -104.18 -26.91
15. Total Comprehensive Income (13+14) 2866.59 4203.84 2763.58 3496.41
16. Retained Earnings (Opening Balance) 6393.37 2620.36 6272.98 3221.71
17. Transfer to General Reserve 2481.85 3773.01 2396.26 3051.27
18. Retained earnings (Closing Balance) 8875.22 6393.37 8669.24 6272.98
19. EPS Basic 12.99 18.68 12.61 15.50
20. EPS Diluted 12.95 18.59 12.57 15.43

BUSINESS REVIEW

Your Company achieved consolidated revenue of Rs. 37183.53 Lakhs during the year underreview as against Rs. 34842.75 Lakhs during the previous financial year a growth of6.72% year on year. The operating expenses stood at Rs. 31734.22 lakhs during the year asagainst Rs. 27414.92 Lakhs of the previous year representing an increase of 15.76%. TheEarnings before Interest Tax and Depreciation (EBITDA) for the year was at Rs.5602.29Lakhs as against Rs. 7593.19 Lakhs for the previous year a decline Profit beforetax for the year was at Rs. 3907.65 Lakhs as against Rs. 5849.63 Lakhs 26.22%.The of theprevious year representing a decline of 33.20%. The Company's consolidated Net Profit(PAT) for the year was at Rs. 2953.48 Lakhs as against Rs. 4245.06 Lakhs of the previousyear a decline of 30.43% against the previous year. The decline is attributed toincrease in marketing expenses by 33.30% in order to fuel future growth.

Your Company has two business segments Matchmaking & Marriage Services andconsiders them as primary segment under Ind-AS 108 for

Matchmaking

Profile registration in Matchmaking segment recorded a growth of 29.5% year on year.The Company has added 52. lakhs free profiles and 7.04 lakhs paid subscriptions. Therevenue on a consolidated basis for the current year was at Rs. 36044.35 Lakhs asagainst Rs. 33577.77 Lakhs for the previous year resulting in a growth of 7.35%. Thematchmaking EBITDA for the year declined by 16.9% to reach Rs. 8421.52 Lakhs as againstRs. 10129.28 Lakhs of the previous year mainly on account of increase in marketingexpenses.

Marriage Services

The Marriage Services Revenue for the year was at Rs. 1139.18 Lakhs as against Rs.1264.98 Lakhs of the previous year resulting in a decline of 9.94%. The cash burn forthe year was at Rs. 1699.37 Lakhs as compared to loss of Rs. 1354.07 Lakhs of theprevious year. This segment is in very nascent stage and is expected to incur cash losstill a material size is attained.

Detailed analysis of the performance of the Company and its businesses has beenpresented in the section on Management Discussion and analysis Report forming part of thisannual Report.

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