Matrimony Q2 Profit Soars 2.7X YoY To ₹20.7 Cr, Revenue up 17.6%

Listed matchmaking platform Matrimony’s consolidated net profit for the September quarter (Q2 FY27) skyrocketed 165.4% YoY to ₹20.7 Cr from ₹7.8 Cr in the year-ago quarter. On a sequential basis, profit increased 8.4% from ₹19.1 Cr in Q1 FY27.

Operating revenue rose 17.6% YoY and 3.3% QoQ to ₹134.8 Cr in the quarter under review. In this, revenue from the matchmaking business grew 15.2% YoY to ₹133.9 Cr while revenue from marriage services slid 15% to ₹89 Lakh. 

Including other income of ₹5.9 Cr, the company’s total income for the quarter stood at ₹140.6 Cr. Meanwhile, total expenses for the quarter rose 2.2% on YoY basis to ₹113.1 Cr. 

Besides the financials, the company also approved the acquisition of 50% stake in astrology based match-making business, Astro-Vision, for INR 8 Cr. With the acquisition, which is set to complete within three months, Matrimony’s stake in the company would rise to 76.9%. This would make Astro-Vision a wholly owned subsidiary of Matrimony. 

The company’s consolidated billing increased 10.7% YoY to ₹131.1 Cr during the quarter, although it declined 3.6% sequentially. The matchmaking business accounted for ₹130.3 Cr of the billing.

During the quarter, Matrimony added 3.02 Lakh paid subscriptions to its matchmaking business, marking a 26.6% YoY increase and an 11.2% rise over the previous quarter.

The company’s matchmaking business reported billing of ₹130.3 Cr, up 10.9% YoY. 

Shares of Matrimony ended today’s trading session 0.14% lower at ₹578.60 apiece on the BSE.

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