Key Highlights

Most of the accumulated losses are over and the company will pay tax rate of around 22% in FY 18 and full rate of 33% from FY 19 onwards.

Expects double digit growth in sales and higher margins to continue for FY 18.

A total of 8.7 lakh new profiles were added in Sep 17 quarter. Strong revenue growth in match making revenues lead to higher margins which helped overall higher margins in Sep 17 quarter.

Revenues grew by around 13% YoY in match making segment with Ebidta margin of 33.8% as compared to 28.3% for Sep 16 quarter. Considering the marriage service segment being at nascent stage, the company expects to further leverage itself and expects higher volumes and margins to continue.

Marriage service reported losses of around Rs 3.8 crore in the Sep 17 quarter due to lower volumes and higher fixed cost in this segment. Also GST affected the business in Sep 17 quarter, which also normally is a lull quarter. Expects to break even in next 18 months in this segment.

IPO funds are being used to pay off the OD facility from the bank. Land for establishing corporate office has been purchased and construction work will begin.