Matrimony.com Ltd (MATRIMONY)
🎯 Key Takeaways
- Matrimony.com Ltd is in a high-growth phase driven by strategic transformation in its wedding services segment and AI-led product innovation, evidenced by strong PAT growth and margin expansion.
- Revenue grew 11.7% QoQ to ₹131 in Q1FY27.
- ⚠️ Leadership transition risk due to CFO resignation, with no interim or successor disclosed, potentially affecting financial reporting continuity.
- Market Cap
- ₹1,082
- P/E Ratio
- 24.6
- P/B Ratio
- 5.24
- ROE
- 21.7%
- ROCE
- 30.1%
- Debt/Equity
- 0.00
- Div Yield
- 0.96%
- Promoter
- 58.4%
📖 The Story
Matrimony.com Ltd is in a high-growth phase driven by strategic transformation in its wedding services segment and AI-led product innovation, evidenced by strong PAT growth and margin expansion. The company is transitioning from traditional matchmaking to a commission-based, AI-powered platform model, supported by robust cash generation and improving operational efficiency.
📰 What's Happening
In Q1 FY27 (ended June 2026), Matrimony.com reported consolidated revenue of ₹130.5 crores (+13.2% YoY) and PAT of ₹19.1 crores (+127.5% YoY), with billing at ₹136.0 crores (+7.8% YoY). The company added 2.72 lakh paid subscriptions, reflecting sustained user engagement. Management highlighted AI initiatives and the commission-based wedding services transition as key growth drivers. A CFO resignation was disclosed on August 17, 2026, effective immediately, citing personal relocation, though no operational or financial impact was indicated. The board approved unaudited Q1 results and confirmed shareholder endorsement of financials and dividend at the AGM.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 115 | 113 | 117 | 131 |
| Operating Profit | 5 | 6 | 8 | 20 |
| OPM % | 4.4% | 5.1% | 6.8% | 15.1% |
| Net Profit | 8 | 8 | 10 | 19 |
| EPS | ₹3.60 | ₹3.85 | ₹4.59 | ₹9.23 |
Revenue and profitability are on an upward trajectory, with OPM expanding from 4.4% in September 2025 to 15.1% in June 2026, indicating improving cost control and margin accretion. PAT growth outpaced revenue growth significantly, driven by operational efficiency and scale in commission-based services. The company added ₹342 crores in cash by March 2026, supporting continued investment in growth initiatives without external financing.
🔮 Management Outlook & What's Next
Management expects double-digit revenue and billing growth in Q2 FY27 and targets triple-digit PAT growth, aiming to establish a ₹100 crore wedding services run rate. Marketing investments are being maintained to sustain momentum in the AI and commission-based services transition. No formal long-term guidance beyond Q2 was provided, but the tone remains confident in sustained growth through the financial year.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 11 | 11 | 10 | 11 |
| Reserves | 231 | 296 | 196 | 236 |
| Borrowings | 53 | 57 | 0 | 55 |
| Total Liabilities | 461 | 515 | 440 | 467 |
| Fixed Assets | 65 | 63 | 79 | 68 |
| Investments | 122 | 158 | 195 | 174 |
| Total Assets | 461 | 515 | 440 | 467 |
The balance sheet shows strong equity accumulation and minimal debt, with total borrowings at ₹55 crores as of March 2026, down from ₹53 crores a year ago. Cash and cash equivalents remain robust at ₹342 crores, providing significant liquidity for strategic investments, R&D, and shareholder returns without leverage risk.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +75 |
| Investing | +10 |
| Financing | -101 |
| Net Cash Flow | -15 |
👥 Shareholding Pattern
| Category | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|
| Promoters | 54.6% | 58.3% | 58.4% |
| FII | 22.1% | 19.3% | 19.2% |
| DII | 7.3% | 7.2% | 5.2% |
| Public | 11.5% | 11.0% | 12.1% |
| # Shareholders | 24,830 | 21,157 | 20,396 |
Institutional investor interest remains stable, with FII holding at 19.2% in Q1 FY27, slightly down from 19.28% in Q4 FY26. DII holdings increased from 7.22% to 5.16% in Q1 FY27, though earlier quarters showed higher DII participation. Promoter holding remains stable near 58.4%. The growing number of public shareholders (20,396 in Q1 FY27) suggests broadening retail interest.
⚖️ Peer Comparison — Miscellaneous
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| GMRAIRPORT | 99,782 | 205.4 | 12.1% | — | -13.08 |
| NBCC | 21,681 | 29.3 | 41.3% | — | 0.00 |
| CMPDI | 14,612 | 26.4 | 32.4% | — | 0.00 |
| IGIL | 13,970 | 22.9 | 56.1% | — | 0.00 |
| HORIZONIND | 12,681 | — | — | — | 1.22 |
| RITES | 9,427 | 22.6 | 23.1% | — | 0.00 |
| RAIN | 7,260 | 13.5 | 12.0% | — | 1.21 |
| INOXGREEN | 6,827 | 54.7 | 9.4% | — | 0.10 |
| SIS | 5,567 | 38.0 | 8.0% | — | 0.56 |
| CMRGREEN | 4,859 | 21.8 | 18.4% | — | 0.65 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Leadership transition risk due to CFO resignation, with no interim or successor disclosed, potentially affecting financial reporting continuity. 2. Dependence on AI and digital innovation for future growth, which requires sustained investment and may face execution or regulatory risks. 3. Transition to commission-based wedding services may delay near-term profitability despite long-term margin potential. 4. High promoter holding (58.4%) may limit independent governance scrutiny in strategic decisions.
📋 Recent Filings
- 🔴 Announcement2026-09-09Matrimony.com disclosed that the Supreme Court dismissed its Special Leave Petition challenging a Madras High Court order in a trademark dispute with …
- 🔴 Financial Results2026-08-18Matrimony.com reported consolidated revenue of **₹130.5 crores**, up 13.2% YoY, with PAT surging 127.5% YoY to ₹19.1 crores, driven by AI initiatives …
- 🔴 Announcement2026-08-17Matrimony.com announced the resignation of its CFO, effective August 17, 2026, following prior disclosure on August 11. The filing confirms the depart…
- Announcement2026-08-12Matrimony.com disclosed that a trademark infringement lawsuit by Free Elective Network over the mark Jodi365 was partially allowed on appeal, with the…
- 🟡 Board Meeting2026-08-11Matrimony.com announced the resignation of CFO Harigovind Krishnasamy effective August 17, 2026, citing personal relocation to Bengaluru and pursuit o…
- Announcement2026-08-11Matrimony.com Limited submitted its quarterly fact sheet for Q1 FY2026 ending June 30, 2026, reporting revenue of **₹1,155 crores**, a **13.2% YoY inc…
- Announcement2026-08-11Matrimony.com Limited submitted its Q1 FY27 investor presentation to NSE on August 11, 2026, showcasing consolidated revenue of **₹1,305 crores** for …
- 🟡 Board Meeting2026-08-11Matrimony.com announced its August 11, 2026 board meeting approved unaudited consolidated and standalone financial results for Q1 FY2026 ending June 3…
- 🟡 Board Meeting2026-08-11Matrimony.com Limited announced that all four resolutions at its August 11, 2026 Annual General Meeting were approved by shareholders, including adopt…
- 🔴 Financial Results2026-08-11Matrimony.com reported consolidated revenue of **₹130.5 crores** and PAT of **₹19.1 crores** for Q1 2026, reflecting 13.2% YoY and 127.5% YoY growth r…
🧠 Analyst's Read
Matrimony.com is executing a clear transformation strategy with strong operational momentum, but near-term profitability may remain volatile due to ongoing investments in wedding services and leadership changes. Investors should monitor execution of AI-driven initiatives and the pace of wedding services scaling in the coming quarters.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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