Latest news with #NazaraTechnologies
Time of India
6 days ago
- Business
- Time of India
Nazara's Q4 Revenue up 95% to `520 crore
HighlightsNazara Technologies reported a 95 percent year-on-year increase in fourth-quarter operating revenue, reaching ₹520.2 crore. The company's total expenses surged by 85 percent year-on-year to ₹527.7 crore, primarily due to a threefold increase in advertising and promotional spending. Chief Executive Officer Nitish Mittersain stated that Nazara expects greater contributions from high-margin gaming businesses and plans to expand its global publishing business through acquisitions. Online gaming firm Nazara Technologies has reported a 95 per cent year-on-year (y-o-y) increase in fourth-quarter operating revenue at ₹520.2 crore, even as total expenses surged due to rising marketing and employee costs . The Mumbai-headquartered company reported a net profit of ₹4 crore for the quarter ending March 31 compared with ₹0.18 crore a year ago. During the company's earnings call, chief executive Nitish Mittersain said Nazara expects greater contribution from high-margin gaming businesses in the current fiscal year, which should improve profitability. The company also plans to expand its global publishing business through acquisitions such as Curve Games and Fusebox, alongside continued organic growth. Expenses and segment performance Nazara's total fourth-quarter expenses rose by 85 per cent y-o-y to ₹527.7 crore, primarily driven by a threefold increase in advertising and promotional spending, which jumped to ₹151.03 crore.
Business Standard
6 days ago
- Business
- Business Standard
Nazara Technologies consolidated net profit declines 27.82% in the March 2025 quarter
Sales rise 95.41% to Rs 520.20 crore Net profit of Nazara Technologies declined 27.82% to Rs 6.15 crore in the quarter ended March 2025 as against Rs 8.52 crore during the previous quarter ended March 2024. Sales rose 95.41% to Rs 520.20 crore in the quarter ended March 2025 as against Rs 266.21 crore during the previous quarter ended March 2024. For the full year,net profit rose 33.20% to Rs 75.35 crore in the year ended March 2025 as against Rs 56.57 crore during the previous year ended March 2024. Sales rose 42.66% to Rs 1623.91 crore in the year ended March 2025 as against Rs 1138.28 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 520.20266.21 95 1623.911138.28 43 OPM % 5.600.59 - 7.028.57 - PBDT 43.0338.43 12 195.56170.43 15 PBT 5.7416.93 -66 77.87103.44 -25 NP 6.158.52 -28 75.3556.57 33
Economic Times
6 days ago
- 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
6 days ago
- Business
- Time of India
Nazara Technologies shares in focus after Q4 revenue nearly doubles; net profit surges to Rs 4 crore
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 costs. The 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 period. In 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 growth. Also Read: High conviction picks! ICICI Bank, HAL among 10 large-cap stock ideas from PL Capital Expenses and segment performance Live Events Total 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 crore. The 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 gains. For 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 crore. Acquisition push Nazara 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 crore. On 20 May, Nazara completed its largest international acquisition by acquiring UK-based PC and console game publisher Curve Games for Rs 247 crore. Other 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 Kiddopia. Earlier 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 IBC. In 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 week. Nazara Technologies share price target According 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'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
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Business Standard
7 days ago
- Business
- Business Standard
Nazara Tech posts Rs 4 cr in profit, 95% jump in revenue from ops in Q4
Nazara Technologies, the country's only listed gaming company, reported a consolidated net profit of ₹4.07 crore for the fourth quarter of FY25 (Q4FY25), a significant rise from ₹18 lakh in Q4FY24. However, the company recorded a loss of ₹9.79 crore from discontinued operations during the quarter, which weighed on overall profitability. Sequentially, net profit narrowed from ₹8.85 crore in Q3FY25. For the full year, Nazara's FY25 net profit contracted 31.82 per cent to ₹50.96 crore, down from ₹74.75 crore in FY24. The company's revenue from operations surged 95.40 per cent year-on-year to ₹520.2 crore in Q4FY25, up from ₹266.21 crore in the same period last year. Sequentially, revenue declined 2.7 per cent from ₹534.69 crore in Q3FY25. For FY25, revenue from operations rose 41 per cent to ₹1,715.44 crore, compared to ₹1,217.91 crore in FY24. Also Read Expenses rose in proportion to revenue. In Q4FY25, the company reported expenses of ₹527.72 crore across categories such as purchase of stock-in-trade; content, event, and web server costs; advertising and promotion; and commissions. This was an 85.2 per cent increase from ₹284.96 crore in Q4FY24. Sequentially, expenses were marginally down 1.75 per cent from ₹537.15 crore in Q3FY25. Nazara's share price closed 2 per cent lower at ₹1,280.95 on the BSE. Strategic acquisitions strengthen portfolio Last week, Nazara acquired UK-based PC and console game publisher Curve Games for ₹247 crore, enhancing its global publishing capabilities. The acquisition is part of Nazara's ongoing strategy to expand its interactive gaming and sports media portfolio. In January 2025, its subsidiary NODWIN Gaming received a ₹64 crore infusion from the parent company to support business and IP expansion. In September 2023, Nazara acquired a significant stake in Moonshine Technology Pvt Ltd (PokerBaazi's parent), investing ₹982 crore—comprising a ₹832 crore secondary deal and ₹150 crore in primary capital via convertible preference shares. Nazara also picked up a 15.86 per cent stake in esports platform GetMega (GetStan Technologies) for ₹18.4 crore. • In FY24 alone, Nazara announced four acquisitions: • A 48.42 per cent additional stake in Paper Boat Apps, creator of Kiddopia, for ₹300 crore • UK-based gaming studio Fusebox Games for ₹228 crore • European esports company Freaks 4U Games (via NODWIN) for approximately ₹271 crore • Sports media unit Sportskeeda's acquisition of Deltia Gaming for ₹7.5 crore In November 2023, Nazara raised ₹855 crore through a preferential issue, with participation from SBI Innovative Opportunities Fund, Junomoneta Finsol, Think India Opportunities Master Fund LP, and others.
