Matrimony.com (MATRIMONY) Q4 16/17 earnings summary

Executive summary

• FY17 consolidated revenue rose to ₹2,928.19m from ₹2,548.20m; net profit was ₹437.81m versus a ₹750.69m loss, with prior-year exceptional costs affecting comparability.

• Growth plans focused on expanding the user base, strengthening brands, investing in mobile and growing marriage services.

Financial highlights

• Consolidated EBITDA was ₹592.04m versus ₹72.31m; profit before exceptional items and tax was ₹481.69m versus a ₹12.85m loss.

• Exceptional items were ₹43.72m versus ₹737.66m; FY17 included ₹46.07m of IPO expenses charged off, partly offset by a ₹2.35m gain on subsidiary liquidation.

• Consolidated PAT was ₹437.81m versus a ₹750.69m loss; basic EPS ₹23.13 versus a ₹50.80 loss, diluted EPS ₹20.40 versus a ₹50.80 loss.

• Standalone revenue was ₹2,676.83m versus ₹2,537.26m; PAT was ₹225.31m versus a ₹231.03m loss.

Outlook and guidance

• Strategy: expand users, strengthen brands, continue mobile-platform investment and expand marriage services.

• Following a market-driven IPO deferral in November 2016, the board decided on April 21, 2017 to proceed with IPO activity and file an updated DRHP in Q1 FY18.