Gaming sports company Nazara Technologies reported an increase of 43 per cent in profit after tax (PAT) from continued operations to Rs 17 crore for the March quarter.
The company's operating revenue decreased by eight per cent to Rs 266.2 crore, compared to Rs 289.3 crore in the same quarter of the previous year.
However, for the entire year 2024, revenue grew by 4.3 percent to Rs 1,138.3 crore, compared to Rs 1,091.0 crore in FY23. PAT (from continuing operations) increased by 41.2 per cent to Rs 89.5 crore in FY24 as against Rs 63.4 crore in FY23.
"We are optimistic about FY25, expecting accelerated growth in both revenue and EBITDA. With substantial cash reserves and a robust M&A pipeline, we are well positioned to seize further growth opportunities and enhance our growth trajectory through strategic M&A over the next 12 months," said Nitish Mittersain, Founder, CEO and Jt MD of Nazara Technologies.
