This Nikhil Kamath’s invested company specializing in mobile gaming and interactive entertainment jumped in focus following the Q3 Results with a 67 percent rise in Revenue YoY.
Price action
With a market capitalization of Rs. 7,883.23 crores on Friday, the shares of Nazara Technologies Limited jumped upto 0.6 percent making a high of Rs. 935.60 per share compared to its previous closing price of Rs. 929.15 per share.
What Happened
Nazara Technologies Limited engaged in mobile gaming and interactive entertainment has announced its Q3FY25 results.
Its Revenue from operations grew by 67 percent YoY from Rs. 320 Crores in Q3FY24 to Rs. 535 Crores in Q3FY25 and it grew by 67.7 percent QoQ from Rs. 319 Crores in Q2FY25 to Rs. 535 Crores in Q3FY25.
Its Net Profit declined by 46 percent YoY from Rs. 29.5 Crores in Q3FY24 to Rs. 13.7 Crores in Q3FY25 and it fell by 15.4 percent QoQ from Rs. 16.2 Crores in Q2FY25 to Rs. 13.7 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 3.84, compared to Rs. 3.11 in the previous quarter and Rs. 3.47 in the same quarter last year.
Ace Investor Stake
Kamath Associates holds around 15,04,782 shares which consist of around 1.72 percent stake in the company as of November 2024.
Under the name of the Estate of Late, Mr. Rakesh Jhunjhunwala holds around 61,83,620 shares which consist of around 7.06 percent stake in the company as of November 2024.
About the company
Nazara Technologies Limited is a leading Indian gaming and sports media platform, offering mobile gaming, esports, and online gaming services, The company focuses on developing and publishing mobile games across various genres, including casual, sports, and skill-based games. It caters to a wide audience, focusing on both entertainment and engagement.
Segment Revenue
The company’s revenue is primarily derived from three categories: the Gaming segment, which contributed Rs. 114.05 crores in the last quarter, increased to Rs. 154.91 crores in the recent quarter, eSports contributed Rs. 181.76 crores rose to Rs. 232.67 crores, and Ad Tech contributed Rs. 24.13 crores grew to Rs. 147.87 crores in the same period.
Written by Sridhar J
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