Chennai, May 16, 2025 — Matrimony.com Limited (BSE: 540704), India’s leading online matchmaking platform, announced its audited financial results for the quarter and fiscal year ended March 31, 2025, alongside key corporate decisions approved during its Board meeting. The company reported steady profitability, declared a final dividend, and addressed challenges from its ongoing legal dispute with Google.
Key Financial Highlights: FY 2025 Performance
- Revenue: Consolidated revenue stood at ₹455.84 crores for FY 2025, slightly lower than ₹481.36 crores in FY 2024. Standalone revenue was ₹447 crores (down from ₹472.79 crores YoY).
- Profitability:
- Consolidated net profit: ₹45.28 crores (down 8.6% YoY).
- Standalone net profit: ₹44.93 crores (down 7.3% YoY).
- Earnings Per Share (EPS): Consolidated EPS at ₹20.57 (down from ₹22.26 in FY 2024).
- Dividend Declaration: The Board recommended a final dividend of ₹5 per share (100%) for FY 2025, subject to shareholder approval. The record date is set for August 8, 2025.
Segment Performance:
- Matchmaking Services contributed ₹449.96 crores (98.7% of consolidated revenue), with a segment profit of ₹59.34 crores.
- Marriage Services & Others (including Wedding Bazaar and MatchAstro) reported a loss of ₹14.94 crores, reflecting ongoing challenges in scaling ancillary verticals.
Strategic Moves: Auditors Appointed and Share Buyback Completed
The Board approved critical governance changes:
- New Auditors:
- M/s V Suresh Associates appointed as Secretarial Auditor for a 5-year term.
- M/s RGN Price & Co. named Internal Auditor for FY 2025–26.
- Share Buyback: The company completed a ₹72-crore buyback in November 2024, repurchasing 702,439 shares at ₹1,025 per share to enhance shareholder value.
Legal Battle with Google: Impact and Resolution
Matrimony.com faced turbulence earlier this year when its apps were delisted from Google Play Store on March 1, 2024, amid a dispute over service fees. The company challenged Google’s charges in court, leading to a temporary removal. However, after revising its business model to bypass the contested fees, all apps were reinstated by March 6, 2024. A provision for potential liabilities was recorded, though the Supreme Court appeal remains pending.
Operational Efficiency and Cash Flow
- Cost Management: Employee and advertising expenses remained stable, with total consolidated expenses at ₹431.63 crores (down 2.5% YoY).
- Cash Reserves: Consolidated cash flow from operations improved to ₹56.86 crores (vs. ₹61.20 crores in FY 2024), supported by prudent working capital management.
Upcoming Annual General Meeting
The 24th Annual General Meeting (AGM) is scheduled for August 13, 2025, where shareholders will vote on dividend payouts, auditor appointments, and other resolutions.
Analyst Insights
While revenue dipped slightly, Matrimony.com’s focus on cost control and high-margin matchmaking services helped maintain profitability. The dividend declaration and buyback underscore confidence in liquidity. However, the underperformance of newer verticals like Wedding Loans and Mandap highlights the need for diversification.
Quote from Management:
“FY 2025 was a year of resilience. We navigated regulatory challenges and delivered value to shareholders through disciplined execution,” said Mr. Mirngavel Janakiranan, Chairman & Managing Director.
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