Matrimony.com Ltd (BSE: 540704) has issued a board meeting to consider an interim dividend, generating investor attention. This follows as the company operates in a tough market backdrop, with latest financials revealing mixed performance.
Points to note:
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Board meeting to approve interim dividend
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Q3FY25 results revealed revenue fall of 4.6% QoQ to ₹118.44 crores
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Earlier dividend of ₹5 per share announced in August 2024
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Company keeping eye on customer segmentation initiatives
The possible interim dividend would give shareholders a lift, particularly in light of recent fluctuations in the company's share price. Matrimony.com's recent cash balance of ₹3,147 million implies scope for shareholder returns.
Shareholders will be keenly interested in the result of this meeting, which could indicate the confidence of management regarding the future prospects of the company despite recent challenges in the matchmaking business.
Sources: Matrimony.com Ltd BSE filing, Kotak Securities Q3FY25 report, March 17, 2025