Q2 2025 Matrimony.Com Ltd Earnings Call Transcript
Key Points
- Matrimony.com Ltd (NSE:MATRIMONY) has launched several new initiatives, including Luv.com for next-generation serious relationships and ManyJobs.com for frontline and entry-level jobs, indicating a focus on diversification and growth.
- The company has introduced a commission-based model in wedding services, which could potentially lead to better revenue opportunities.
- Matrimony.com Ltd (NSE:MATRIMONY) has optimized marketing expenses, maintaining EBITDA margins for the matchmaking business at 22.6%, an increase from 21.3% a year ago.
- The company has been recognized as a Great Place to Work, reflecting a positive organizational culture and employee satisfaction.
- There is an expected uptick in revenue and billing growth from Q4 onwards, driven by the upcoming wedding season and strategic marketing efforts.
- Matrimony.com Ltd (NSE:MATRIMONY) experienced a decline in billing and revenue in Q2, with a 5.5% decrease quarter-over-quarter and 5.2% year-on-year.
- The company reported a loss of INR3.64 crores in the quarter, an increase from the previous quarter, primarily due to investments in new initiatives.
- The matchmaking business saw a decline in paid subscriptions by 6.4% quarter-over-quarter and 4.9% year-on-year.
- The Marriage Services segment continues to make losses, with revenue flattening and no immediate profitability in sight.
- Profit after tax is expected to be lower in the next quarter due to continued investments in new areas and increased marketing expenses.
Ladies and gentlemen, good day, and welcome to the Matrimony.com Q2 FY25 conference call. (Operator Instructions) Please note that this call is being recorded.
I now hand the conference over to Mr. Abhishek Banerjee from ICICI Securities. Thank you, and over to you, sir.
Hello, everyone. On behalf of ICICI Securities, I welcome you to the Q2 FY25 earnings call of Matrimony.com. Representing the company, we have Mr. Murugavel Janakiraman, MD and CEO; and Mr. Sushanth Pai, CFO.
Thank you for the opportunity to host this call. Over to you, Mr. Janakiraman, for your opening remarks.
Okay. Thank you, Abhisek Banerjee. Good evening, everyone. In quarter two, due to seasonality, we had a decline both on quarter-on-quarter basis and year-on-year basis. While we had two consecutive challenging quarters, things have started progressing in
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