BUSINESS STANDARD - Matrimony.com billing revenue stood at Rs 111 crore ($13.1m USD) in Q2 2024, down 5.2% YOY. Profit After Tax was Rs 13.2 crore ($1.6m), down 5% YOY. EBITDA margins were at 15.2% in Q2. Murugavel Janakiraman, chairman and MD said, "This quarter was muted in terms of revenue growth due to seasonality. We expect to move to positive trajectory in Q3. To leverage on our brand strength and network effects, we have launched new / adjacent businesses. These initiatives have the growth potential in the years to come". The company launched an app (on Android) Luv.com in the matchmaking space to address next generation serious relationships. It also launched a new line of business called "ManyJobs.com" to focus exclusively on grey-collar, front- line and entry level jobs.
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