Nazara Technologies Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Nazara Technologies Ltd reported a 61.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 64.5%.
- Its expenses for the quarter were up by 60.5% QoQ and 71.9% YoY.
- The net profit decreased 15.8% QoQ and decreased 53.7% YoY.
- The earnings per share (EPS) of Nazara Technologies Ltd stood at 3.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 556.63 | 344.25 | 338.30 | 61.7% | 64.5% |
Total Expenses | 515.67 | 321.27 | 299.94 | 60.5% | 71.9% |
Profit Before Tax | 25.67 | 22.98 | 36.99 | 11.7% | -30.6% |
Tax | 11.64 | 3.65 | 7.95 | 218.9% | 46.4% |
Profit After Tax | 13.68 | 16.24 | 29.52 | -15.8% | -53.7% |
Earnings Per Share | 3.80 | 3.10 | 3.50 | 22.6% | 8.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Nazara Technologies Ltd is a prominent company in the mobile gaming industry. It is known for developing and distributing a wide range of gaming applications and interactive entertainment content. The company operates in various segments, including subscription-based services, freemium games, and e-sports. As of recent years, Nazara Technologies has been focusing on expanding its footprint in the global gaming market through strategic investments and partnerships. However, specific recent developments beyond October 2023 are unavailable for inclusion in this report.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Nazara Technologies reported a total income of ₹556.63 crores, reflecting a significant increase of 61.7% quarter-over-quarter (QoQ) from ₹344.25 crores in Q2FY25. Comparing on a year-over-year (YoY) basis, there was an increase of 64.5% from ₹338.30 crores in Q3FY24. This substantial growth in revenue indicates a strong upward trend in the company's income generation capabilities over both the quarterly and annual periods.
Profitability
For Q3FY25, the company recorded a profit before tax of ₹25.67 crores, which marked an 11.7% increase QoQ from ₹22.98 crores in Q2FY25. However, this was a decrease of 30.6% YoY compared to ₹36.99 crores in Q3FY24. The tax expense for this quarter was ₹11.64 crores, significantly higher than both the previous quarter and the same quarter last year, with increases of 218.9% QoQ and 46.4% YoY. Consequently, the profit after tax in Q3FY25 was ₹13.68 crores, a decline of 15.8% QoQ and 53.7% YoY. Earnings per share (EPS) for Q3FY25 stood at ₹3.80, an increase of 22.6% QoQ from ₹3.10 in Q2FY25, and a modest increase of 8.6% YoY from ₹3.50 in Q3FY24.
Operating Metrics
Nazara Technologies reported total expenses of ₹515.67 crores in Q3FY25, which represents a 60.5% increase QoQ from ₹321.27 crores in Q2FY25, and a 71.9% increase YoY from ₹299.94 crores in Q3FY24. The increase in expenses corresponds with the increase in total income, reflecting the company's operational growth and possibly expanded activities. Despite the increase in expenses, the company's ability to maintain its earnings per share is notable, indicating efficient operational management. The financial data reflects an active period for the company, with significant changes in both income and expenses.
