Nazara Technologies’ profit after tax dips 17% to Rs 14.8 crore in Q3

New Delhi: Digital gaming and sports activities platform Nazara Technologies on Friday posted a few 17% decline in consolidated revenue after tax to Rs 14.8 crore within the third quarter ended December 31, 2021. The corporate had registered a PAT of Rs 17.9 crore within the corresponding quarter final fiscal.

Its consolidated income from operations throughout October-December 2021 grew 42.48% to Rs 185.8 crore, in contrast with Rs 130.4 crore within the year-ago interval.

For 9 months ended December 31, 2021, the corporate recorded over four-fold leap in its consolidated PAT at Rs 42.8 crore, from Rs 9.4 crore within the year-ago interval.

The agency’s income from operations additionally elevated 35% to Rs 446.6 crore within the three quarters ended December 31, 2021, from Rs 330.8 crore within the corresponding interval of 2020-21.

“Total, we’re happy with our progress in strategic areas of focus whereas sustaining wholesome profitability and money flows.

“We have now witnessed 75% year-on-year progress within the e-sports phase for 9 months of the monetary 12 months 2022, led by robust progress in income throughout all sub-segments in Nodwin and SportsKeeda,” Nazara Applied sciences Group CEO Manish Agarwal mentioned.

He mentioned the addition of unique IPs similar to NH7 Weekender and “the growth of our e-sports enterprise into the Center East through our acquisition of Publishme has additional accelerated the expansion momentum”.

“Nazara’s technique of getting a diversified portfolio throughout enterprise segments in gaming continues to supply us with a secure and robust platform on which we will proceed to construct future progress and success,” Agarwal mentioned.

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