Gaming and e-sports firm Nazara Applied sciences reported a pointy decline of 53.6 per cent in its web revenue for the October-December quarter (Q3) of FY25.
The corporate’s revenue fell to Rs 13.7 crore from Rs 29.5 crore in the identical interval final 12 months (Q3 FY24), in line with its alternate submitting.
The EBITDA margin declined to six.9 per cent from 11.3 per cent within the corresponding quarter of FY24.
Equally, the corporate reported a 33 per cent drop in its web revenue for the July-September interval (Q2 FY25).
In response to its financials, the gaming firm incurred a lack of Rs 1.86 crore in Q2 from discontinued operations.
Whole expenditure additionally went up 11 per cent to Rs 321.27 crore within the earlier quarter, in line with its filings.
Nonetheless, Nazara’s income from operations in Q3 noticed sturdy progress, rising practically 67 per cent year-on-year (YoY) to Rs 534.7 crore.
This enhance was pushed by acquisitions, together with Fusebox Video games, and a stable efficiency from current video games like Animal Jam.
The corporate additionally posted its highest-ever EBITDA of Rs 52.4 crore — a 39 per cent enhance from the earlier 12 months.
Nazara Applied sciences lately acquired gaming IPs CATS: Crash Enviornment Turbo Stars and King of Thieves, which it’s going to now function and publish instantly.
The corporate believes it will assist generate constant income and revenue sooner or later.
To assist growth plans, Nazara is elevating Rs 495 crore by way of a preferential fairness subject to Axana Estates LLP, led by Arpit Khandelwal and Mithun Sacheti.
The recent capital, together with its current money reserves, will present monetary flexibility for future acquisitions and enterprise progress.
“To assist growth, Nazara is elevating Rs 495 crore by way of a preferential fairness subject to Axana Estates LLP,” the corporate stated in its alternate submitting.
“The fundraising and the corporate’s current money reserves will present the corporate with the monetary flexibility to pursue additional acquisitions and enhance natural progress to drive long-term worth creation,” the corporate’s regulatory submitting learn.
Following the outcomes, shares of Nazara Applied sciences ended at Rs 935.60 on the BSE, up 1.30 per cent from the earlier session.
