IGI Logo
Toggle Navigation
News
Hindi
Hindi News
Top News
Screeners
Stocks
Stocks Screener
Stock
News
Stock Market Home Page
Stock News
Industry News
Economy News
Stock on the move
Expert Views
Research Reports
Company Result
Comp Info And Fundamentals
Company Profile
Equity
Financial Ratios
Results
Balance Sheet
Profit And Loss
Cash Flow
Share Holding
Derivatives (F&O)
Get Quotes
Market Watch
Top Gainers
Top Losers
Top Traded Quantity
Top Traded Value
Most Active Puts
Derivatives (F&O)
Most Active Calls
Put Call Ratio
Highest In Premium
Daily Settlement Price
FII and DII Statistics
Open Interest: Highest In OI
Open Interest: Lowest In OI
Derivatives (F&O)
Open Interest: Increase in OI Increase in Price
Open Interest: Decline in OI Decrease in Price
Derivative Watch
Derivatives Dashboard
Historical Data
List of Underlyings & Underlying Info
Derivative Watch
Derivatives Dashboard
Market Reports
Top Gainers
Top Losers
Monthly High/Low
52 Week High
52 Week Low
Market Cap Gainers
Market Cap Losers
PE Ratio
>More Market Reports
IPO
News
IPO News
IPO Issue Reports
Commodity
Commodity Market
Commodity Home Page
Commodity News
Commodity Reports
Market Details
Get Quotes
Top Gainers
Top Losers
Top Volume
Top Value
Top Gainers Spot Market
Top Losers Spot Market
High & Low
Commodity Indices
Technical Analysis
Advance Declines
High & Low
Highest In OI
Lowest OI
Increase In Open Interest(%)
Descrease In Open Interest(%)
Currency
News
Currency News
Economy News
Currency Reports
Mutual Fund
News
Mutual Fund Home Page
Mutual Fund News
Mutual Fund Details
Mutual Fund Home Page
Compare Scheme
Scheme Profile
Mutual fund Investment
Mutual Fund Share Holding
Mutual Fund Statistics
Mutual fund Gainers
Mutual fund Losers
Biggest Schemes
Best Performers
Latest Dividend Details
Tools
Multi Scheme Comparison Tool
Dividend Details
Performance Map
Mutual fund Investment
Mutual fund Share Holding
Mutual Fund Search Category Rankings
Widgets
Stock Widgets
Watchlist
Heatmap
Mutual Fund Widgets
Watchlist
Calculators
EMI Calculator
SIP Calculator
SWP Calculator
GST Calculator
FD Calculator
RD Calculator
Wealth
World
Tips
Intraday Tips
Market Outlook
Stock Tips
Commodity Tips
Currency Tips
Reports
Short Term Investment Opportunities
Long Term Investment Opportunities
Sector Analysis
Commodity Reports
Currency Reports
Mutual Fund Analysis
Podcast
Videos
Videos Category
Business Videos
Budget Videos
News And Politics
Entertainment Videos
Sports Videos
Lifestyle And Fashion Videos
Global News Videos
Calculators
EMI Calculator
SIP Calculator
SWP Calculator
GST Calculator
FD Calculator
RD Calculator
More
Budget 2024
Astrology
Women
Politics
Entertainment
Car&Bike
Gadgets
Lifestyle
Sports
Health
Fashion
Diwali Reports
Diwali Expert Reports
News
Astrology
Beyond Market Car
Beyond Market Entertainment
Beyond Market Fashion
Beyond Market Gadgets
Beyond Market Health
Beyond Market India
Beyond Market Life Style
Beyond Market Sports
Broking Firm Views
Broking Firm Views - Long Term Report
Broking Firm Views - Sector Report
Broking Firm Views - Short Term Report
Budget 2024 Sector Reports
Budget Bites
Budget Economic Servey
Budget Expert Views
Budget Industry
Budget News
Budget Wishlist
Commodities
Commodities Reports
Commodity Top News
Company News
Company Result
Currency News
Currency Report
Currency Top News
Diwali Expert Views
Diwali Market Outlook
Diwali Report
Diwali Technical Report
Economy News
Expert View Institution
Expert Views
Industry News
IPO Analysis
IPO More News
IPO Reports
IPO Top News
Market Outlook
Mutual Fund Analysis
Mutual Fund Expert Views
Mutual Fund More News
Mutual Fund Top News
Podcast - Market Ki Awaaz
Special Event Expert Views
Special Event Reports
Startup
Startup Expections
Startup Speak
Stock Market
Stock On The Move
Top News
Top Stories
Videos
Videos Business
Videos Entertainment
Videos Global News
Videos Lifestyle And Fashion
Videos News And Politics
Videos Sports
Wealth
Women
World Market More News
World Top News
Search
Guiding for flat marketing expenses in FY24; margins likely to see revival About the stock: Matrimony.com (Matrimony) is one of the leading providers of online matchmaking services. The company also provides post marriage services. * Apart from a common website, the company operates ~300 community matrimony sites and 15 regional matrimony sites * Net debt free and only profitable player among its peers Q4FY23 Results: Matrimony reported revenue recovery in Q4FY23. * Matchmaking...
Hold Matrimony.com Ltd For Target Rs.640 - ICICI Direct
Matrimony’s revenue trend in Q4FY23 improved sequentially after two consecutive quarters of decline. Also, billings in matchmaking increased 8.6% QoQ and 76.9% YoY in Q4FY23 vs 1.6% QoQ and 2.1% YoY in Q3FY23. Paid subscriptions were up ~12% YoY. We believe this indicates improving sentiment and augurs well for revenue growth in FY24E. Management commentary also reflected improving outlook. Management guided for >10% revenue growth and 300bps YoY EBITDA margin improvement in FY24. Gi...
Buy Matrimony.com Ltd For Target Rs. 573 - ICICI Securities
Mixed operating performance; lower margin on high advertisement expense Result Synopsis Matrimony.com (MATRIM) reported mixed financial performance for the quarter. Both, sequential revenue growth and EBITDA margin were below expectation. Revenue declined by 3.9% QoQ, led by decrease in Matchmaking services business (down 4.2% QoQ). Consolidated Billing stood at Rs. 1,114 Mn (up 2.0% QoQ). There was sequential decline in EBITDA margin(down 484 bps QoQ) on account of higher A&P expen...
Neurtal Matrimony.com Ltd For Target Rs.605 - Yes Securities
Seasonality impacts Q2; expects recovery from Q4 onwards About the stock: Matrimony.com (Matrimony) is one of the leading providers of online matchmaking services. The company also provides post marriage services. * Apart from a common website, the company operates ~300 community matrimony sites and 15 regional matrimony sites * Net debt free and only profitable player among its peers Q2FY23 Results: Matrimony reported weak numbers. * Consolidated revenues declined 1% QoQ while...
Hold Matrimony.com Ltd For Target Rs.615 - ICICI Direct
Near-term headwinds; reasonably valued According to the management, Matrimony’s Q2FY23 performance (especially matchmaking services) was impacted by heavy seasonality due to presence of inauspicious days across the country. Revenue and billings within the matchmaking services segment (~98% of overall revenues) declined by 1.5% and 7%, QoQ (up 3%/0.4% YoY). Marriage services (~2% of overall revenue) grew 31% QoQ, 203% YoY. EBITDA margin stood at 16.1%, a decline of 90bps QoQ and 780bp...
Hold Matrimony.com Ltd For Target Rs.620 - ICICI Direct
Subdued operating performance on weak seasonality Result Synopsis Matrimony.com (MATRIM) reported weak financial performance for the quarter. Both, sequential revenue growth and EBITDA margin were below with estimates. Revenue declined by 1% QoQ, led by decrease in Matchmaking services business (down 1.5% Q-oQ). Consolidated Billing stood at Rs. 1,091 Mn (down 6.3% Q-o-Q). There was sequential decline in EBITDA margin(down 88 bps QoQ) on account of higher A&P expense. Average transa...
Neutral Matrimony.com Ltd For Target Rs.670 - Yes Securities
Healthy paid subs growth; weak numbers in Q2 on seasonalit About the stock: Matrimony.com (Matrimony) is one of the leading providers of online matchmaking services. The company also provides post marriage services. * Apart from a common website, the company operates ~300 community matrimony sites and 15 regional matrimony sites * Net debt free and only profitable player among its peers Q1FY23 Results: Matrimony reported healthy numbers on paid subs. * Revenues increa...
Hold Matrimony.com Ltd For Target Rs. 790 - ICICI Direct
Mixed operating performance with strong pickup in billings Our view and valuation Overall, the reported revenue and EBITDA margin was below expectation. The strong sequential pickup in billings offers strong revenue visibility for FY23. Rising penetration and shift from unorganized to organized players would continue to drive revenue growth; while positive operating leverage would drive EBITDA margin in medium term. Online matchmaking accounts for just 6% marriage...
Add Matrimony.com Ltd For Target Rs. 851 - Yes Securities
Maintains Steady Performance Our view Overall, the result was mostly along expectation. Rising penetration and shift from unorganized to organized players would continue to drive revenue growth; while positive operating leverage would drive EBITDA margin in medium term. Online matchmaking accounts for just 6% marriages in India. Marriage services in India is Rs 3500 bn in size, but highly fragmented and offers long term growth opportunity for the company. We maintain ADD Rati...
Add Matrimony.com Ltd For Target Rs.180 - Yes Securities
Our view Overall, the financial performance was above expectation as the impact from the second covid19 wave was minimal. The matchmaking business will continue to scale whereas the marriage services business is at nascent stage and will be developed as forward integration of matchmaking business. The ongoing digitalization of the consumer market will help in expanding the size of potential market, with faster growth coming from T2‐T3 markets and the company will benefit from migration ...
Add Matrimony Ltd For Target Rs.1,212 - Yes Securities
Key News Adani Group to raise over $1.5 bn to refinance Mumbai airport debt Mumbai airport is looking to raise bonds worth $1.5 billion to refinance the debt of Mumbai’s international airport amid a slump in air travel owing to the ongoing pandemic. The plan to raise capital comes months after the Adani group announced acquisition of the GVK-group-owned MIAL. In February, the Adani group acquired 23.5 per cent stakes in the Mumbai airport from two South African investors, while th...
Key News - Adani Group, Enforcement Directorate, Punjab National Bank, Sobha Ltd, Matrimony.com Ltd, Zomato by ARETE Securities
Result Highlights * It reported revenue of Rs 1,011 mn (up 4.6% QoQ), which was slightly below consensus expectation, led by strong performance in Matchmaking segment (up 4.5% QoQ to Rs 1,006mn). * EBITDA margin declined by 179 bps QoQ to 17.1%, led by wage hike and higher other expenses in the quarter * Billings continued strong growth momentum as it grew by 7% QoQ to Rs 1,067 mn, led by rising traffic to the portal. * Paid subscribers remained flat at 230k. Average tr...
Add Matrimony.com Ltd For Target Rs. 1,041 - Yes Securities
Buy Matrimony.com Ltd For Target Rs. 1070 Improving revenue and margin performance… Matrimony.com Ltd’s (Matrimony) revenues increased 3.6% QoQ (up 7.4% YoY) to | 96.7 crore mainly led by 3.8% QoQ (up 9.6% YoY) growth in matchmaking services (led by 31% YoY growth in paid subscribers). EBITDA margins increased 121 bps QoQ (up 694 bps YoY) at 18.9% mainly led by 317 bps QoQ increase in gross margins and operating leverage partially offset by 255 bps QoQ increase in advertisi...
Matrimony.com Ltd : Improving revenue and margin performance By ICICI Direct
Load More
