Nazara Technologies Registers 10% rise in Q2 Net Profits

• ByStartupStory     |    November 1, 2021

The Rakesh Jhunjhunwala backed gaming company; Nazara Technologies has registered a 9.8% growth in Net Profits in the second quarter of FY22 at INR 14.5 crores. Further, the company also recorded total revenue from operations of INR 129.6 crores which amounts to a 17.8% rise in the revenue as compared to INR 110 crores during the same quarter in the FY21.

Nazara Technologies is a leading Indian based gaming and sports media platform which has a global presence across various continents and offers interactive gaming, eSports and gamified early learning ecosystems to its clients.

The CEO of Nazara Technologies, Manish Agarwal stated, “We expect our FY22 consolidated revenues to grow in the range of 35%-40% on YoY basis with an EBITDA margins profile at 13% – 15%. The growth shall be supported by organic and inorganic activities.”

The company also holds the achievement of being the only Indian company to go public this year. The rise in net profits of the company opens doors of opportunities for the company to explore diverse dimensions.

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