Matrimony.com

Matchmaking service provider Matrimony.com has reported consolidated net profit for the July-September quarter at 11.70 crore, the company said on Friday. The city-based company had registered consolidated net at Rs 16.57 crore during corresponding quarter of previous financial year. For the half year ending September 30, 2022 the consolidated profit after tax stood at Rs 23.66 crore, as against Rs 30.39 crore registered in the same period of last year. The consolidated total income went up to Rs 119.07 crore during the quarter under review from Rs 113.90 crore registered in the same period of last financial year. For the six-month period ending September 30, 2022 the consolidated total income stood at Rs 239.83 crore as against Rs 223.57 crore registered in the corresponding quarter of previous year. "This quarter has been a subdued quarter due to seasonality. We will continue to leverage our new launches to enhance the momentum and at the same time provide the needed impetus for

To register, govt ID a must; app also verifies user pictures to weed out fake profiles

Matchmaking site Matrimony.com Ltd has launched a new app catering to the members of the LGBTQIA+ community, the company said

Total income during the quarter under review grew to Rs 119.79 crore, from Rs 109.21 crore registered in the same period previous year.

The city-based company had registered a 15.6 per cent jump on its consolidated profit after tax for the quarter and 31.44 per cent on PAT for the year ending March 31, 2022.

The board has recommended a buyback of equity shares not exceeding Rs 75 crore at an indicative maximum buyback price not exceeding Rs 1,150 per equity share.

The board will meet on May 12, 2022, to consider the proposal for buyback of equity shares of the company, the quantum, and mode of buyback.

"Things are back to normal. We expect the wedding services business to grow in triple-digits year on year," said Murugavel Janakiraman, founder and chief executive officer of Matrimony.com Ltd

The deal will enable Matrimony.com to scale up its presence significantly in the North and West regions

Aatmnirbhar Digital India Foundation (ADIF) said bidding of company-specific keywords such as "matrimony" or "Map My India" has resulted in competitors capitalising on the brand value of companies

JP Morgan Asset Management, which holds shares in Matrimony.com through CMDB, is offloading its stake in the company via open markets through bulk deal

At 09:15 am, around 500,155 equity shares, representing 2.2 per cent stake of the company, changed hands via bulk deal on the BSE, exchange data show

Foreign portfolio investors (FPIs) increased stake in Matrimony.com to 14.74 per cent in the June quarter from 12.51 per cent in the previous quarter.

Total income for the July-September 2017 period grew to Rs 83.673 crore

The stock dipped 6% to Rs 843, extending its previous day's 8% decline against its IPO price of Rs 985 per share on the NSE.

Bessemer to exit from the firm completely; exit amount fixed at Rs 144 cr

Matrimony.Com runs online match-making business under BharatMatrimony brand

Price band is Rs 983-985 per share for the share sale, which would be open from September 11-13

The company is planning to raise Rs 130 cr through primary offering

Online marriage services provider Matrimony.com Pvt. Ltd has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO), for the second time after scrapping the idea due to adverse market conditions.While the previous plans were to raise around Rs 350 crore as a primary offering, in the new DRHP, the company said that it is planning to raise Rs 130 crore through fresh issue of shares and an offer for sale of up to 3,767254 equity shares, with the size of the IPO expected to be around Rs 500 crore.The offer for sale shares include 14.6 lakh shares by Bessemer India Capital Holdings, 1.55 lakh equity shares by Mayfield and 16.83 lakh equity shares by CMDB II, apart from 3.84 lakh shares of Murugavel Janakiraman, the promoter of the company and 82,834 shares by Indrani Jankiraman, a member of the promoter group. The refiling of the DRHP comes almost five months after the company decided to abandon its IPO ...