Matrimony.com Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Matrimony.com Ltd filed with BSE on 20 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Matrimony.com reported Q4 FY26 consolidated billing of INR 126.1 crores, up 9.9% year-on-year, and revenue of INR 116.8 crores, up 7.9% year-on-year, with Matchmaking EBITDA margin improving to 22% from 17.7% a year ago. Full year consolidated PAT declined to INR 34.2 crores from INR 45.3 crores, which management attributed to reduced finance income and higher expenses. Management said it expects billing growth and more than a doubling of profit in Q1 compared to the prior year, citing the benefits of a longer-tenure package launched last year and continued growth in Personalized and Online Services.
Numbers mentioned
Consolidated billing: INR 126.1 crores (Q4 FY26)
p. 3
“In Quarter 4, on a consolidated basis, we achieved a billing of INR 126.1 crores, a growth of 9.9% year-on-year and 7% over previous quarter.”
Murugavel Janakiraman, page 3 of the filed PDF · View the filing
Consolidated revenue: INR 116.8 crores (Q4 FY26)
p. 3
“Revenue at INR 116.8 crores, a growth of 7.9% year-on-year and 3.2% quarter-over-quarter.”
Murugavel Janakiraman, page 3 of the filed PDF · View the filing
Full year consolidated billing: INR 488.6 crores (FY26)
p. 3
“For the full year, consolidated billing was INR 488.6 crores, a growth of 8% year-on-year.”
Murugavel Janakiraman, page 3 of the filed PDF · View the filing
Full year consolidated revenue: INR 460 crores (FY26)
p. 3
“Revenue at INR 460 crores, a growth of 0.9% year-on-year.”
Murugavel Janakiraman, page 3 of the filed PDF · View the filing
Matchmaking paid profiles: 2.34 lakhs (Q4 FY26)
p. 4
“Paid profiles were 2.34 lakhs at the end of Q4, a decline of 4.3% year-on-year and growth of 3.3% over previous quarter.”
Murugavel Janakiraman, page 4 of the filed PDF · View the filing
Marriage Service EBITDA loss: INR 5.7 crores (Q4 FY26)
p. 4
“EBITDA loss for the quarter was INR 5.7 crores compared to INR 3.2 crores in Quarter 3 and INR 4.9 crores in Q4 of last year.”
Murugavel Janakiraman, page 4 of the filed PDF · View the filing
Matchmaking EBITDA margin: 22% (Q4 FY26)
p. 4
“Our EBITDA margin for the Matchmaking business in Q4 is at 22% as compared to 19.2% in Q3 and 17.7% a year ago.”
Harigovind Krishnasamy, page 4 of the filed PDF · View the filing
Full year Matchmaking EBITDA margin: 19% (FY26)
p. 5
“For full year, our EBITDA margin is at 19% as compared to 20.5% last year.”
Harigovind Krishnasamy, page 5 of the filed PDF · View the filing
Consolidated EBITDA margin: 12.4% (Q4 FY26)
p. 5
“On a consolidated basis, our EBITDA margins in Q4 are at 12.4% as compared to 11.3% in Q3 and 10.8% a year ago.”
Harigovind Krishnasamy, page 5 of the filed PDF · View the filing
PAT: INR 9.7 crores (Q4 FY26)
p. 5
“PAT is at INR 9.7 crores and a growth of 18.9% year-on-year and 17.2% quarter-on-quarter.”
Harigovind Krishnasamy, page 5 of the filed PDF · View the filing
Full year PAT: INR 34.2 crores (FY26)
p. 5
“PAT is at INR 34.2 crores as compared to INR 45.3 crores last year.”
Harigovind Krishnasamy, page 5 of the filed PDF · View the filing
Cash and investments closing balance: INR 308 crores (FY26)
p. 5
“Cash and investments closing balance is at INR 308 crores.”
Harigovind Krishnasamy, page 5 of the filed PDF · View the filing
ROCE: 11.2% (FY26)
p. 5
“ROCE is at 11.2% for the year.”
Harigovind Krishnasamy, page 5 of the filed PDF · View the filing
Buyback amount: INR 58.5 crores (Q4 FY26)
p. 3
“We completed a share buyback in Q4 of FY26, amounting to INR 58.5 crores to reward our shareholders.”
Murugavel Janakiraman, page 3 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Billing growth — double-digit or high single-digit growth · Q1 FY27
stated firmly by Murugavel Janakiraman
p. 4
“We are highly confident in delivering robust financial performance, anticipating either double-digit billing growth or high single-digit growth in billing, double-digit revenue growth and more than doubling of profit compared to Q1 of last year.”
Murugavel Janakiraman, page 4 of the filed PDF · View the filing
PAT — more than double · Q1 FY27
stated firmly by Harigovind Krishnasamy
p. 5
“Considering the positive developments as explained by Muruga, we expect the PAT to more than double in Q1 compared to Q1 of previous year.”
Harigovind Krishnasamy, page 5 of the filed PDF · View the filing
Marketing expenses — similar level to prior year
stated conditionally by Murugavel Janakiraman
p. 5
“The marketing expenses at this point of time is expected to be at the similar level until otherwise if there is any strong need to increase or decrease.”
Murugavel Janakiraman, page 5 of the filed PDF · View the filing
Billing growth — double digit or high single digit growth · FY27
stated as an aspiration by Murugavel Janakiraman
p. 8
“We believe it's sustainable. So, we expect double digit billing growth also possibly this year as well.”
Murugavel Janakiraman, page 8 of the filed PDF · View the filing
Marriage Service segment breakeven
stated as an aspiration by Murugavel Janakiraman
p. 8
“So, we are not looking at break even in the near future, but more of getting that model right.”
Murugavel Janakiraman, page 8 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
CFO explained PAT decline was driven by higher expenses and lower finance income due to reduced investment balance and repo rate cuts; management described Bharat Ek Khoj as an early-stage AI astrology investment.
Answered by Harigovind Krishnasamy
Asked by Srinivas: Why did PAT fall despite modest revenue growth, and what is the update on Bharat Ek Khoj investment?
p. 7
“So, on the PAT reduction, we have got a reduction of close to 24.5%. This is contributed by two things.”
Harigovind Krishnasamy, page 7 of the filed PDF · View the filing
Management pointed to profit more than doubling in Q1 as an indicator that margins would improve.
Answered by Murugavel Janakiraman
Asked by Tanya Arora: What EBITDA margin should investors expect for FY27?
p. 7
“as we discussed starting Q1, we see that our profit, it's more than doubling. So, we see that the margins, everything going up very well.”
Murugavel Janakiraman, page 7 of the filed PDF · View the filing
Management said the segment took an impairment in Q4 and is not expected to break even in the near future while the new service-based model is refined.
Answered by Murugavel Janakiraman
Asked by Tanya Arora: By when can the Marriage Services segment break even?
p. 8
“But in terms of when it will breakeven, definitely it's a long way to go.”
Murugavel Janakiraman, page 8 of the filed PDF · View the filing
Management attributed growth to Personalized Services, Online Services, profit growth, and renewal traction, and said the momentum is expected to continue.
Answered by Murugavel Janakiraman
Asked by Dharmesh Patel: What is driving the acceleration in Matchmaking billing growth and is it sustainable into FY27?
p. 8
“What is driving this is the combination of multiple factors, the growth in Personalized Services, growth in the Online Services, because now the profit growth also happening .”
Murugavel Janakiraman, page 8 of the filed PDF · View the filing
Management said ManyJobs has started monetizing in Tamil Nadu with over 1 million registered users and 10,000 companies, and expansion depends on reaching revenue milestones.
Answered by Murugavel Janakiraman
Asked by Raj Shah: What is the update on ManyJobs monetization?
p. 10
“ManyJobs, we already started monetizing. Currently, we are starting only in Tamil Nadu, we already got more than 1 million users registered to ManyJobs platform and more than 10,000 companies are using it.”
Murugavel Janakiraman, page 10 of the filed PDF · View the filing
Management estimated around 15 million of 60 million people seeking a life partner use online platforms, roughly 25%, while noting overlap and offline options remain significant.
Answered by Murugavel Janakiraman
Asked by Rajiv Kalra: What proportion of weddings use online matchmaking services versus offline or unorganized channels?
p. 12
“So, you may say that currently, even put together, sort of 15 million, you are talking about out of 60 million, it's almost 25%.”
Murugavel Janakiraman, page 12 of the filed PDF · View the filing
Management confirmed Q4 and Q1 are typically the best quarters while Q2 and Q3 are impacted by festivals.
Answered by Murugavel Janakiraman
Asked by Dharmesh Patel: Is there seasonality between Q4/Q1 versus Q2/Q3?
p. 13
“Normally, the Q4 and Q1 are the best quarter. The normally Q2, Q3 are the quarters where there are a lot of festivals.”
Murugavel Janakiraman, page 13 of the filed PDF · View the filing
Risks flagged
Marriage Service and other business continued to post EBITDA losses, including new initiatives such as ManyJobs
p. 4
“The losses also include new initiatives such as ManyJobs.”
Murugavel Janakiraman, page 4 of the filed PDF · View the filing
Q4 losses in Marriage Services increased partly due to an impairment charge
p. 8
“In terms of Q4 losses, we have taken some impairment. That's one of the reasons there isincrease in losses.”
Murugavel Janakiraman, page 8 of the filed PDF · View the filing
Finance income declined due to lower investment balances from buybacks and falling investment yields from repo rate reduction
p. 7
“The finance income has reduced on account of two factors. One, the investment balance has come down because we are also rewarding the shareholders by buying back.”
Harigovind Krishnasamy, page 7 of the filed PDF · View the filing
Seasonal impact on business during Q2 and Q3 due to festivals
p. 13
“So, Q2, Q3, yes, there will be some impact normally.”
Murugavel Janakiraman, page 13 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.