Nazara Technologies reports net profit up 10% at Rs 15 cr

The company had reported a net profit of Rs 13.2 crore in the July-September 2020 period, Nazara Technologies said in a regulatory filing. Nazara Technologies' revenue during reported quarter jumped 17.8 per cent to Rs 129.6 crore, compared with Rs 110 crore in the year-ago period.

Gaming firm Nazara Technologies on Friday posted an increase of 9.8 per cent in consolidated net profit at Rs 14.5 crore for the September 2021 quarter.

The company had reported a net profit of Rs 13.2 crore in the July-September 2020 period, Nazara Technologies said in a regulatory filing. Its revenue during reported quarter jumped 17.8 per cent to Rs 129.6 crore, compared with Rs 110 crore in the year-ago period, it added.

The e-sports segment's revenue grew 34.2 per cent to Rs 49.8 crore, while that of the Gamified early learning segment jumped about 25.3 per cent to Rs 53.9 crore in the September 2021 quarter from the year-ago period. Revenue from freemium, telco-subscription and real money gaming stood at Rs 4.2 crore, Rs 16.6 crore and Rs 5.1 crore, respectively, in the reported quarter.

Nazara Technologies Group CEO Manish Agarwal said the company has built strong execution platform in the first half of the year.