According to a top official, matchmaking provider Matrimony.com has demonstrated good growth in fiscal 2022 and is poised to increase its momentum.
The city-based company recorded an increase of 15.6% in consolidated profit after tax for the quarter and 31.44% in NPAT for the year ended March 31, 2022.
Consolidated net profit for the quarter under review has increased 11.70 crore, word 10.12 crore registered in the corresponding quarter of the previous year.
For the year ended March 31, 2022, consolidated net profit increased 53.59 crore, word 40.77 crore registered last year.
Matrimony.com total earnings for the quarter under review have increased 116.26 crore words 105.06 crore registered same quarter last year. For the year ended March 31, 2022, gross income stands at 452.43 crore versus against 395.33 crore registered last year.
Commenting on the financial results, the company’s President and CEO Murugavel Janakiraman said, “We have demonstrated strong growth in FY22 through our relentless focus on execution. execute their strategies and explore new horizons.”
He added: “With our leadership and passionate people, we are ready to increase our momentum, keeping our core purpose intact.
The Board of Directors at the meeting proposed a final dividend of 100% ( 5 per share of equity at par value of 5), subject to shareholder approval.
The Board of Directors also recommends that the redemption level of equity shares not exceed 75 crore with specified maximum redemption price not to exceed 1,150, the company said.