Matrimony profit rises 167.3% in Q2FY27 as ICICI Sec downgrades stock
In short
Matrimony’s consolidated profit rose 167.3% year on year to ₹20.7 crore in Q2FY27. Business Standard also said ICICI Securities downgraded the stock, and the shares fell.
What the reporting says
Matrimony’s consolidated profit rose 167.3% year-on-year to ₹20.7 crore in Q2FY27, according to a Business Standard Markets summary. The report links the earnings jump to a stock downgrade by ICICI Securities, and the shares fell on the update. The figures point to strong quarterly profit growth even as broker sentiment turned cautious.
Why it matters
Matrimony reported a 167.3% year-on-year rise in consolidated profit to ₹20.7 crore in Q2FY27, based on the Business Standard Markets summary. The same report says ICICI Securities downgraded the stock and that the share price fell after the update. The story matters for shareholders and analysts assessing whether earnings momentum is enough to offset the downgrade.