Matrimony.com Ltd to focus on multiple initiatives to push growth official

Chennai, Aug6(PTI): Online marriage service provider
Matrimony.com has said it would focus on multiple initiatives
looking to further strengthen market positioning and in aiding
growth.
     The company on Thursday declared its financial
results for the quarter ending June 30, 2020 with consolidated
net profits for the quarter under review growing to Rs 9.36
crore from Rs 9.32 crore registered in the year ago period.
     For the year ending March 31, 2020, consolidated
net profits stood at Rs 29.53 crore.
     Total income for the quarter ending June 30, 2020
slipped to Rs 91.86 crore from Rs 99.90 crore registered a
year ago.
     For the year ending March 31, 2020, total income
of the company stood at Rs 389.69 crore.
     Commenting on the results, company chairman
Murugavel Janakiraman said, "we were able to minimise the
impact caused by COVID-19 in the quarter and we have returned
to a growth trajectory in June."
     "With many cost optimisation measures, we were
able to demonstrate a good growth in profitability.
     We continue to focus on multiple initiatives across
product, campaigns and customer experience that will further
enhance our market positioning and growth momentum," he
added.PTI VIJ BN
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(This story has not been edited by THE WEEK and is auto-generated from PTI)