Gaming and E-Sports Nazara Technologies reported a pointy decrease by 53.6 percent of the net profit for the quarter of October-Grudnia (Q3) FY25.
The company’s profit dropped to 13.7 Crore RS from 29.5 Crore RS in the same period of last yr (Q3 FY24), in accordance with its substitute.
The EBITDA margin dropped to six.9 percent from 11.3 percent in the appropriate quarter FY24.
Similarly, the company reported a 33 % decrease in net profit during the July-September (Q2 FY25).
According to finance, the game company caused a loss of 1.86 CRERE RS in the second quarter on account of cascuted operations.
Total expenses also increased by 11 percent to 321.27 Crore in the previous quarter, in accordance with its notifications.
However, Nazara’s revenues from operations in the third quarter recorded a robust increase, increasing by almost 67 percent yr on yr (Yoy) to 534.7 Crore RS.
This growth was brought on by acquisitions, including Fusebox games and a solid performance from existing games, similar to Animal Jam.
The company also published the highest in the history of EBITDA RS 52.4 Crore-39 % increase in comparison with the previous yr.
Nazara Technologies recently acquired IPS Cats: Crash Arena Turbo Stars and King of Thieves, which can now work and publish.
The company believes that this can help generate consistent revenues and profit in the future.
To support expansion plans, Nazara raises RS 495 Crore through a preferential problem of own capital to Axana Estates LLP, led by Arpit Khandelwal and Mithun Sachetic.
Fresh Capital, along with existing money reserves, will provide financial flexibility for future acquisitions and business development.
“To support the expansion, Nazara raises RS 495 Crore through a preferential capital problem to Axana Estates LLP,” said the company in its application for exchange.
“The collection of funds and existing cash reserves will ensure financial flexibility to the purpose of further acquisitions and increase organic growth in order to increase long -term value creation,” reading by the company.
After the results, Nazara Technologies shares ended at RS 935.60 in BSE, by 1.30 percent in comparison with the previous session.
