Latest news with #Matrimony.com
Business Standard
16-05-2025
- Business
- Business Standard
Matrimony.com consolidated net profit declines 30.26% in the March 2025 quarter
Sales decline 9.15% to Rs 108.32 crore Net profit of declined 30.26% to Rs 8.18 crore in the quarter ended March 2025 as against Rs 11.73 crore during the previous quarter ended March 2024. Sales declined 9.15% to Rs 108.32 crore in the quarter ended March 2025 as against Rs 119.23 crore during the previous quarter ended March 2024. For the full year,net profit declined 8.62% to Rs 45.28 crore in the year ended March 2025 as against Rs 49.55 crore during the previous year ended March 2024. Sales declined 5.30% to Rs 455.84 crore in the year ended March 2025 as against Rs 481.36 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 108.32119.23 -9 455.84481.36 -5 OPM % 6.5114.11 - 12.7614.98 - PBDT 17.2322.53 -24 87.0893.11 -6 PBT 10.1915.35 -34 57.8264.71 -11 NP 8.1811.73 -30 45.2849.55 -9
Business Standard
16-05-2025
- Business
- Business Standard
Matrimony.com Q4 PAT slides 30 YoY to Rs 8 cr; recommends final dividend of Rs 5/ share
reported 30.26% fall in consolidated net profit to Rs 8.18 crore in Q4 FY25 as against Rs 11.73 crore posted in Q4 FY24. Revenue from operations declined 9.15% YoY to Rs 108.32 crore in the quarter ended 31 March 2025. The companys billing revenue stood at Rs 114.8 crore in the fourth quarter of FY25, registering a year-on-year decline of 5.3%. Profit before tax for the quarter ended 31 March 2025 stood at Rs 10.19 crore, down 33.61% as compared with Rs 15.35 crore posted in the same period year ago. During the quarter, EBITDA stood at Rs 12.3 crore, down 27.64% from Rs 17 crore in Q4 FY24. EBITDA margin declined to 10.8% in Q4 FY25 from 14.2% in Q4 FY24. On a segmental basis, revenue from matchmaking services declined 9.10% YoY to Rs 106.99 crore, while revenue from marriage services and others fell 12.49% YoY to Rs 1.33 crore in the fourth quarter of FY25. In the matchmaking segment, billing income stood at Rs 113.5 crore, registering a year-on-year decline of 4.8%. Revenue was Rs 107 crore, down 9.1% YoY. The company added 2.5 lakh paid subscriptions during the quarter, a decline of 9.0% compared to the same period last year. Murugavel Janakiraman, chairman and managing director said, As we mark the significant milestone of 25 years in business, it is a moment of both reflection and renewed commitment. We are working on various enhancements and also new initiatives. These ongoing measures are expected to provide the desired momentum in the coming quarters. Meanwhile, the companys board has recommended a final dividend of Rs 5 per equity share, subject to the approval of the shareholders. is Indias leading consumer Internet company managing marquee brands such as BharatMatrimony, CommunityMatrimony, and EliteMatrimony. BharatMatrimony is considered the largest and most trusted matrimony brand which has also established a considerable retail presence with over 100 self-owned retail outlets across India. has also launched Jodii an exclusive matchmaking service for non-graduates, in 9 Indian languages. The company delivers matchmaking and marriage related services to users in India and the Indian diaspora. The company has pioneered several new business models such as and a consortium of over 300 community matrimony services. The scrip added 0.80% to 510.85 on the BSE.
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Business Standard
05-05-2025
- Business
- Business Standard
Buybacks down to a trickle after tax tweak shifts burden to shareholders
Share buybacks have all but disappeared following a rule change on October 1 last year that shifted the tax burden from companies to shareholders. Under the revised norms, buyback proceeds are taxed as dividends at the shareholders' applicable income-tax rates, significantly increasing the liability for high-networth individuals and institutional investors in the highest tax bracket. Since the change, only two buybacks have been completed: A ₹360 crore repurchase by ferro alloys manufacturer Nava and a ₹72 crore offer by online matrimonial services provider 'Buybacks have dried up since the tax-rule change, which aligned their taxation with dividends. Despite a bear market since October — a period when buybacks typically thrive — activity has been negligible,' said Pranav Haldea, managing director, Prime Database. Dividends and buybacks constitute the primary mechanisms for returning excess cash to shareholders. The new structure seeks to eliminate the tax arbitrage between the two routes. Currently, companies incur no tax outgo on dividend payments, which are taxed solely in the hands of the recipient in accordance with their income bracket. With the parity in tax treatment, market participants are preferring dividends as the more efficient vehicle for capital distribution. Unlike buybacks, dividends do not require the appointment of merchant bankers, face fewer compliance requirements from the Securities and Exchange Board of India (Sebi), and can be executed at a greater speed. Buybacks, in contrast, are administratively heavier and typically take several weeks to complete. Between FY17 and FY19, the share of buybacks in total shareholder rewards increased significantly due to a tax differential. From April 1, 2016, the government introduced an additional 10 per cent levy on dividends, pushing the effective dividend distribution tax (DDT) to 20.6 per cent, while listed company buybacks remained tax-exempt. The proportion of buybacks in total shareholder rewards in FY16 stood at just 1 per cent, rising to an average of 25 per cent over the FY17-FY19 period. To address this tax imbalance, the government imposed a 20 per cent buyback levy from April 1, 2019. Nevertheless, buybacks remained attractive for cash-rich firms as the tax liability rested with the company, not those tendering their shares. The most recent shift in tax incidence has, once again, altered the landscape. A buyback entails a company repurchasing and extinguishing its own shares, thereby reducing its equity base and enhancing metrics such as earnings per share (EPS) and return on equity. 'Companies now prefer dividends to buybacks. The EPS boost from buybacks is marginal, as the buyback amount is small relative to market capitalisation,' said Deepak Jasani, former head of retail research at HDFC Securities. The remaining strategic rationale for buybacks, he said, lay primarily in enabling promoters to consolidate their holdings by not tendering their shares. 'Only firms where promoters seek to raise their stake are likely to pursue buybacks. Otherwise, dividends involve simpler procedures and fewer compliances,' Jasani added.
