Mumbai: Nazara Technologies Limited announced its un-audited Standalone and Consolidated results for the quarter ended 30th June 2021.
The company delivered strong revenue growth in Q1FY22, up 45% YoY to Rs. 1,312 million, and EBITDA increased to Rs. 301 million compared to Rs. 134 million in Q1FY21. The EBITDA margins stood at 23% as compared to -15% for Q1FY21. The company delivered a PAT of Rs. 135 million vs a loss of Rs. 217 million in Q1FY21; PAT margin of 10%
As of June 30, 2021, Nazara has diverse business segments with revenue generation happening across gamified learning, Esports, freemium and telco subscription.
Commenting on the performance, Manish Agarwal, Group CEO, said “The Q1 FY22 results revenue growth and especially enhanced ebitda margins demonstrate intrinsic strength & profitability of the underlying businesses across all of three growth segments. However, we will continue to prioritize strategic growth over margin optimization to ensure that we continue to achieve and maintain leadership in segments we operate. Nazara continues to see strong consumer and partner interest across each of our segments and business KPIs across segments continue to remain healthy in this quarter which will further help in reinforcing the leadership position of the Company across esports, gamified learning and cricket simulation mobile game.”
“The recent acquisition of a majority stake in Publishme will further amplify our presence in the MENA region. The acquisition will focus on building local execution capabilities cutting across key growth segments of freemium, gamified learning and esports,” he added.