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Economic Times
27-05-2025
- Business
- Economic Times
Nazara Technologies shares in focus after Q4 revenue nearly doubles; net profit surges to Rs 4 crore
Expenses and segment performance Live Events Acquisition push Nazara Technologies share price target (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of online gaming company Nazara Technologies will be in focus on Tuesday after the firm reported a 95% year-on-year (YoY) jump in operating revenue to Rs 520.2 crore in Q4FY25, even as total expenses surged due to higher marketing and employee company posted a net profit of Rs 4 crore for the quarter ended 31 March, up from Rs 0.18 crore in the year-ago the post-earnings call, CEO Nitish Mittersain said Nazara expects a higher contribution from its high-margin gaming businesses in FY26, which should drive further profitability. The company also plans to expand its global publishing business through acquisitions such as Curve Games and Fusebox, along with continued organic expenses rose 85% YoY to Rs 527.7 crore in the March quarter, driven largely by a threefold increase in advertising and promotional spend, which surged to Rs 151.03 crore. Employee benefit expenses also climbed 80.7% to Rs 79.9 esports division remained Nazara's largest revenue contributor, posting a 47% YoY growth. Gaming revenue rose 72% to Rs 156.4 crore, and the adtech vertical also reported the full financial year FY25, Nazara posted a 42.6% increase in operating revenue to Rs 1,623.9 crore from Rs 1,138.2 crore. However, net profit declined 31.8% to Rs 50.9 crore. The company recorded its highest-ever annual EBITDA at Rs 153.5 continues to raise capital to fund both organic growth and strategic acquisitions. As reported by ET on 18 April, the company has earmarked Rs 800–1,000 crore for inorganic expansion in FY26, targeting international gaming studios with strong IPs and annual revenue of around Rs 100 20 May, Nazara completed its largest international acquisition by acquiring UK-based PC and console game publisher Curve Games for Rs 247 acquisitions include Fusebox Games (UK), Moonshine Technology (parent of PokerBaazi), Comic Con India, marketing firm Publishme (focused on West Asia and Turkey), Branded (Singapore), Ninja Global (Turkey), and Paper Boat Apps, creator of this month, the National Company Law Tribunal (NCLT) approved Nazara's resolution plan to acquire Smaaash Entertainment, backed by Sachin Tendulkar, which was undergoing insolvency proceedings under the January, Plutus Wealth Management founder Arpit Khandelwal and CaratLane founder Mithun Sacheti together invested Rs 495 crore in Nazara via Axana Estates LLP, triggering a mandatory open offer. The preferential allotment at Rs 990 per share gave Axana a 5.4% stake, and the Competition Commission of India (CCI) approved the deal last to Trendlyne, the average target price for Nazara Technologies is Rs 979, indicating a downside of nearly 23% from current levels. Of the 11 analysts tracking the stock, the consensus rating is 'Hold'.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
24-05-2025
- Business
- Time of India
JSW Steel Legal Options: JSW Steel Pursues Legal Remedies After Supreme Court Invalidates BPSL Resolution Plan, ET Infra
Advt Advt JSW Steel implemented the resolution plan for Bhushan Steel and Power Ltd "in full compliance" and the company is now evaluating all options to reach a legal remedy, including review of the Supreme Court order . On May 2, the Supreme Court rejected the resolution plan submitted by JSW Steel, holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC).A bench comprising Justice Bela M Trivedi and Justice Satish Chandra Sharma criticised the conduct of all key stakeholde₹in the resolution process - the resolution professional, the committee of credito₹(CoC) and the National Company Law Tribunal (NCLT) - for enabling what it termed a "flagrant violation" of the IBC, and ordered the liquidation of BSPL under the an exchange filing, JSW Steel said it is in consultation with its legal adviso₹and is evaluating all options to finalise the legal remedies, including review of the Supreme Court judgement dated May the outcome of such actions, no adjustments have been made the company believes there is no adverse material impact on consolidated financial results as on for Steel said the apex court has directed the refund of the amounts paid to the financial credito₹and operational an analyst call, JSW Steel Joint Managing Director & CEO Jayant Acharya said, "We implemented the resolution plan in full compliance. The production and sales continue from BPSL as on date," he said, adding that there will not be any further investment in company is expecting an early resolution of the issue. The company also didn't avail of any tax exemption from BPSL said he will not comment beyond this as the matter is sub court has also directed initiating the liquidation proceedings for BPSL by the NCLT under company has carried out an assessment of control as per Ind AS 110 consolidated financial statements and based on legal opinion obtained has concluded that it has control over BPSL as at the date of balance sheet and has continued with the consolidation of BPSL financial statements with the Steel acquired BPSL in September 2019 for a little less than ₹20,000 crore after the National Company Law Tribunal (NCLT) approved its resolution plan. The acquisition was completed in March Steel on Friday reported a 13.54 per cent rise in consolidated net profit to ₹1,501 crore in the March 2025 per JSW Steel, BPSL has registered crude steel production of 0.98 million tonnes and sales volume of 0.94 million tonnes. Revenue from operations and operating EBITDA for the quarter stood at ₹5,635 crore and ₹570 crore, EBITDA increased 5 per cent quarter-on-quarter, mainly due to higher sales volume and lower coking coal cost. BPSL reported a profit after tax of ₹42 crore for the March quarter.
