Matrimony.com's stock rises after a share repurchase.

Matrimony.com stock soared over 15% on Friday to close the day at Rs 769.25 per share . The company announced a share buyback worth Rs 75 crore on Thursday .

Chennai: Matrimony.com's stock soared over 15% on Friday to close the day at Rs 769.25 per share, as the company's board approved a share buyback worth Rs 75 crore on Thursday.The buyback was made at a price not exceeding Rs 1,150 per share, and it represented a 72% discount to the company's closing stock price on Thursday.Matrimony reported revenue of Rs 110 crore for the quarter ended March, 2022, up 9.4% year on year, and a profit of Rs 11.7 crore, up 15.6% YoY, up 2% sequentially from the previous year.

Charges for the year ended at Rs 115 crore, up about 8% YoY, on a consolidated basis.We have seen significant progress in FY2022 because of our constant attention to execution of our plans and exploring new opportunities.We're positioned to continue our growth momentum by providing a able leadership team and a passionate group of individuals, according to Murugavel Janakiraman, chairman and MD of Matrimony.com.The board of Matrimony.com has also recommended a final dividend of Rs 5 per equity share of par value of Rs 5 per share.