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Business Standard
26-05-2025
- Business
- Business Standard
Nazara Tech slides as Q4 PAT fall 19% YoY to Rs 14 cr
Nazara Technologies declined 2.84% to Rs 1,270 after the company reported 19.17% decline in consolidated net profit from continuing operations to Rs 13.78 crore in Q4 FY25 as against Rs 17.05 crore posted in Q4 FY24. Revenue from operations soared 95.40% YoY to Rs 520.20 crore in the quarter ended 31 March 2025. Profit before tax (PBT) fell 66.09% YoY to Rs 5.74 crore in Q4 FY25. EBITDA jumped 74.4% to Rs 51 crore in Q4 FY25, compared with Rs 29.3 crore posted in the corresponding quarter last year. However, the EBITDA margin reduced to 9.8% in Q4 FY25 as against 11% in Q4 FY24. Growth was driven by solid momentum in the core gaming portfolio, particularly Fusebox and Animal Jam, along with improved unit economics in Kiddopia. Margins remained resilient despite elevated user acquisition investments and new IP integrations. On the segmental front, revenue from the gaming business stood at Rs 156.41 crore (up 71.82% YoY), revenue from the eSports business was Rs 217.11 crore (up 46.52% YoY), while revenue from the Ad Tech segment stood at Rs 147.90 crore (up 438.01% YoY) during the period under review. The company also operationalized its centers of excellence in user acquisition, analytics, and AI, embedding cross-group efficiencies and unlocking organic scale. FY26 is expected to mark a step-change, with rising contribution from high-margin gaming verticals set to further boost profitability and drive global expansion. Nitish Mittersain, Jt. Managing Director & CEO, commented, FY25 has been a pivotal year in Nazaras journeymarked by record profitability, deeper control across key businesses, and the successful execution of our Nazara 3.0 strategy. We strengthened our core by fullyning high-performing assets like Kiddopia and Sportskeeda, expanded globally through acquisitions such as Fusebox and Curve Games, and sharpened our focus on building a high-margin, IP-led gaming platform. As we enter FY26, we are poised for accelerated growth with increasing contributions from our core gaming portfolio. Our platform is now stronger and more globally relevant with a growing presence across North America and Europe, strategic global partnerships, and recognition among the worlds top gaming publishers. Nazara is not just leading the gaming industry in Indiait is steadily establishing itself as a rising force on the global gaming stage. Meanwhile, the companys board has approved the merger of its wholly owned subsidiary, Paper Boat Apps, with Nazara Technologies, under relevant sections of the Companies Act, 2013. The Board approved this on 14 November 2024 and notified the Exchanges the same day. The mergers effective date has been changed from 1 October 2024 to 1 April 2025, subject to approval by the National Company Law Tribunal, Mumbai. Further, the board has granted in-principle approval to the companys wholly-owned subsidiary(ies) for inter-se unsecured loans totaling up to Rs 75 crore, in addition to the amount approved in the Board meeting held on 20 May 2025 and intimated to the exchanges on the same date. Nazara Technologies is Indias only publicly listed gaming company with a diversified portfolio of businesses across interactive gaming, esports, and sports media. Its key businesses include Kiddopia, Animal Jam, Fusebox Games (Love Island, Big Brother), World Cricket Championship, and Sportskeeda. Nazara also operates Datawrkz, a digital ad tech business driving monetization and user acquisition. With a presence in India, North America, and other global markets, Nazara is building a gaming-first platform with strong IP, publishing, and operating capabilities.
Time of India
26-05-2025
- Business
- Time of India
Nazara Tech Q4 results: Cons PAT doubles YoY to Rs 16 crore, revenue rises by 95%
Nazara Technologies reported a 90% year-on-year growth in its Q4FY25 consolidated net profit at Rs 16 crore versus Rs 8 crore in the year ago period. The profit is attributable to the equity holders of the company. The gaming company's revenue from operations surged 95% at Rs 520 crore over Rs 266 crore reported in the corresponding quarter of the last financial year. The profit after tax (PAT) was down 40% on a sequential basis versus Rs 26 crore reported in Q3FY25 while the revenue too, fell nearly 3% against Rs 535 crore in the October-December quarter of FY25. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Nazara Technologies reported its highest ever annual Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) of Rs 153.5 crore in FY25 on revenues of Rs 1,624 crores, with its core gaming business delivering a healthy 19.9% EBITDA margin and overall EBITDA margins of 9.4%. This performance reflects the strength of Nazara's diversified portfolio, disciplined execution, and focused pivot toward high-margin gaming segments. PAT from continued operations was Rs 62.5 crores and pre-tax operating cash flow came in at Rs 118.3 crores, underscoring the company's strong cash generation and prudent financial management. Live Events In Q4 FY25, the EBITDA stood at Rs 51 crores jumping by 74%. Growth was driven by solid momentum in the core gaming portfolio, particularly Fusebox and Animal Jam, along with improved unit economics in Kiddopia. The company said that its margins remained resilient despite elevated user acquisition investments and new IP integrations. Key FY25 strategic highlights: -- Expanded into narrative mobile gaming through the acquisition of Fusebox Games. -- Entered offline entertainment by acquiring Funky Monkeys and Smaaash, creating a 360° gaming ecosystem. -- Took full ownership of Kiddopia and Sportskeeda, enabling fungible cash flows and faster integration. -- Made its largest investment to date in PokerBaazi, reinforcing leadership in skill-based real money gaming. -- Licensed and integrated global IPslike C.A.T.S. and King of Thieves, enhancing long-term cash flow visibility. Management commentary Commenting on the company's earnings, Joint Managing Director & CEO Nitish Mittersain said that FY25 was a pivotal year in Nazara, marked by record profitability, deeper control across key businesses, and the successful execution of our Nazara 3.0 strategy. "We strengthened our core by fully owning high performing assets like Kiddopia and Sportskeeda, expanded globally through acquisitions such as Fusebox and Curve Games, and sharpened our focus on building a high-margin, IP-led gaming platform. As we enter FY26, we are poised for accelerated growth with increasing contributions from our core gaming portfolio. Our platform is now stronger, and more globally relevant with a growing presence across North America and Europe, strategic global partnerships, and recognition among the world's top gaming publishers. Nazara is not just leading the gaming industry in India—it is steadily establishing itself as a rising force on the global gaming stage,' he said.
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Business Standard
12-05-2025
- Business
- Business Standard
Rekha Jhunjhunwala portfolio stock nears 3-year high; up 95% from 52-wk low
Share price of Nazara Technologies today Shares of Nazara Technologies (Nazara), a leading diversified gaming and sports media platform, hit an over two-year high of ₹ 1,149.85, gaining 4 per cent on the BSE in Monday's intra-day trade. The stock price of digital entertainment company surpassed its previous high of ₹ 1,124.15 touched on September 19, 2024. It was quoting at its highest level since June 2022. In the past one month, Nazara has outperformed the market by surging 19 per cent, as compared to 6.6 per cent rise in the BSE Sensex. In the past six months, the stock has zoomed 30 per cent, as against 4 per cent gain in the benchmark index. The market price of Nazara has nearly doubled or zoomed 95 per cent from its 52-week low of ₹ 590.85 touched on May 27, 2024. The stock had hit a record high of ₹ 1,677.20 on October 11, 2021. It touched all-time low of ₹ 481.95 on March 20, 2023. Catch Stock Market LIVE Updates Rekha Jhunjhunwala, Madhusudan Murlidhar Kela hold stake in Nazara Investors Rekha Jhunjhunwala and Madhusudan Murlidhar Kela held more than 1 per cent stake in Nazara. According to March 2025 quarter shareholding pattern, Rekha Jhunjhunwala held 7.06 per cent holding, while, Madhusudan Murlidhar Kela have 1.25 per cent stake in Nazara Technologies. Strong Q3 results For the October-December quarter (Q3FY25), Nazara reported its highest-ever quarterly EBITDA of ₹ 52.4 crore, reflecting 39 per cent year-on-year growth. The company posted a revenue of ₹ 534.7 crore and profit after tax (PAT) of ₹ 13.7 crore for the same period. Nazara's core Gaming segment revenues grew by 53 per cent, fuelled by strategic acquisitions including Fusebox Games as well as strong performance by existing games such as Animal Jam. The recent licensing agreements and upcoming integrations of popular entertainment IPs are further set to enhance user growth and engagement going forward. Kiddopia's collaboration with Mattel's Barbie and Moonbug's Little Angel will strengthen engagement among young audiences, while partnerships with well-known franchises including Big Brother and Bigg Boss will enable the gaming vertical to scale, the management said. Nazara also announced the acquisition of popular gaming IPs CATS: Crash Arena Turbo Stars and King of Thieves. These games will be operated and published by Nazara Technologies, thereby ensuring revenue and profit from these will accrue directly to the listed entity. We intend to further scale this model in coming quarters. ALSO READ | Open Offer In January 2025, Axana Estates and Plutus Wealth Management along with Junomoneta Finsol have made an open offer to acquire up to 26 per cent stake in Nazara Technologies, a gaming company. The open offer price was ₹ 990 per share. The open offer was triggered after Nazara on Monday said the company received board approval to raise ₹ 495 crore from Plutus Wealth Management's founder and managing partner Arpit Khandelwal and Mithun Sacheti, co-founder of CaratLane. The two will acquire 5.4 per cent stake in the company through Axana Estates via a preferential issue of shares. Axana Estates' designated partners include Khandelwal and Sacheti. With the transaction, the promoter holding of the company will change, with Sacheti and Plutus Wealth Management becoming the main promoters. About Nazara Technologies Nazara is India's only listed gaming and Esports company, with majority ownership of several leading gaming and esports brands with presence in India, the US, and other global markets. In esports, Nazara has India's leading esports platform NODWIN Gaming and Sportskeeda/Pro Football Network in the sports media space. Nazara's offerings in the interactive gaming segment include gamified early learning ecosystems like Kiddopia and Animal Jam, a leading IP based gaming studio 'Fusebox', India's most popular cricket simulation franchise, World Cricket Championship (WCC), and a wide portfolio of casual games distributed through telco partnerships in many emerging markets. Additionally, Nazara controls Datawrkz, a digital ad tech company supporting its portfolio companies and external clients with demand-side user acquisition and supply-side ad monetization services.
