Nazara Technologies Q3 Results | Net profit tanks 54% to ₹14 crore despite 67% revenue surge – CNBC TV18

Gaming and sports activities media agency Nazara Technologies Ltd on Thursday (February 13) reported a 53.6% 12 months-on-12 months (YoY) decline in internet profit at ₹13.7 crore for the third quarter that ended December 31, 2024.

Within the corresponding quarter of the earlier fiscal, Nazara Technologies posted a internet profit of ₹29.5 crore, the corporate mentioned in a regulatory submitting. The corporate’s revenue from operations spiked 66.9% to ₹534.7 crore as towards ₹320.4 crore within the corresponding interval of the previous fiscal.

On the working stage, EBITDA was up 1.9% to ₹37 crore within the third quarter of this fiscal over ₹36.3 crore within the corresponding interval within the earlier fiscal. EBITDA margin stood at 6.9% within the reporting quarter as in contrast to 11.3% within the corresponding interval within the earlier fiscal. EBITDA is earnings earlier than curiosity, tax, depreciation, and amortisation.

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Nazara Technologies’ core gaming phase revenue grew by 53%, pushed by strategic acquisitions, together with Fusebox Video games, and powerful efficiency from present titles like Animal Jam. The corporate lately acquired well-liked gaming IPs CATS: Crash Area Turbo Stars and King of Thieves, which can now be operated and revealed by Nazara, making certain direct revenue and profit contributions.

Moreover, upcoming licensing agreements and integrations of leisure IPs are anticipated to additional enhance person engagement. To assist its growth, Nazara is elevating ₹495 crore by way of a preferential fairness difficulty to Axana Estates LLP, led by Arpit Khandelwal and Mithun Sacheti. This capital infusion, mixed with Nazara’s robust money reserves, gives monetary flexibility for future acquisitions and natural development, driving lengthy-time period worth creation.

The outcomes got here after the shut of the market hours. Shares of Nazara Technologies Ltd ended at ₹935.60, up by ₹12.05 or 1.30% on the BSE.

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