NAZARANazara Technologies

Nazara Technologies returns to a ₹35.36 crore Q2 profit; revenue up 53% to ₹803 crore

Nazara Technologies reported September-quarter net profit of ₹35.36 crore against a loss of ₹33.93 crore a year earlier, per Whalesbook. Revenue was ₹803.15 crore against ₹526.46 crore.

Price, Monday's close₹400.25▼ 0.47%
Last 5 days
52-week low ₹215.7052-week high ₹419.90
Sector
Gaming and sports media

What happened

  • Net profit was ₹35.36 crore against a loss of ₹33.93 crore a year earlier, and revenue ₹803.15 crore against ₹526.46 crore, per Whalesbook. Sahi gave the profit as ₹35.4 crore against a loss of ₹82.5 crore in the June quarter, and said it was above a consensus figure of ₹28.7 crore.
  • Investywise reported EBITDA up 93% to ₹120 crore, a margin of 14.9%, and revenue up 53%. Sahi gave operating EBIT of ₹39.3 crore against a loss of ₹23 crore in the June quarter.
  • Investywise put gaming revenue at ₹656 crore, up 122% and 82% of the total, with mobile gaming at ₹550 crore, up 167%. It said the newly consolidated Bluetile and BestPlay contributed ₹329 crore in their first two months after 1 August.
  • Whalesbook said the company completed the acquisition of Bluetile Games and Bestplay Systems for USD 303 million, and noted GST notices at associate companies, including a ₹274.21 crore notice at Halaplay Technologies; the company said it has fully impaired those investments. The shares closed at ₹400.25 on Monday, per Zerodha Kite, before the results.

Why it matters

Whalesbook's year-earlier comparison is a loss of ₹33.93 crore, while Sahi's comparison is the ₹82.5 crore loss of the previous quarter. Investywise said the ₹35 crore profit is from continuing operations.

Good to know: A consensus estimate is the average of analysts' forecasts for a figure. Sahi compared the profit with a ₹28.7 crore consensus; the report does not say how many analysts it covers.

Key facts

Net profit
₹35.36 crore (loss of ₹33.93 crore), per Whalesbook
Revenue
₹803.15 crore (₹526.46 crore), per Whalesbook
EBITDA, per Investywise
₹120 crore, up 93%; margin 14.9%
Gaming revenue, per Investywise
₹656 crore, up 122%; mobile ₹550 crore, up 167%
Acquisition completed, per Whalesbook
Bluetile Games and Bestplay Systems, USD 303 million

Read the source

This is a summary of public news about Nazara Technologies, for information only. It is not a recommendation to buy, sell or hold NAZARA.

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