- 01
Nazara Technologies is raising ₹90,000 lakh through a preferential equity issuance to support inorganic growth and address a net cash outflow from operating activities recorded in the first half of the fiscal year.
- 02
The company faces significant regulatory risk with outstanding Goods and Service Tax show cause notices totaling approximately ₹1,120 crore across two of its subsidiaries.
- 03
Consolidated revenue grew 7% year-over-year to ₹56,902 lakh for the period ended September 30, 2024, driven primarily by the eSports segment.
- 04
Strategic expansion efforts include the full acquisition and merger of Paper Boat Apps, the purchase of Fusebox Games, and the integration of Freaks 4U Gaming.
- 05
Standalone net profits for the quarter reached ₹1,273 lakh, though total comprehensive income declined due to rising operational costs and losses from discontinued operations.
- 06
The company is optimizing its corporate structure by divesting non-core assets, including stakes in Crimzoncode Technologies and NzMobile Kenya, while investing in Moonshine Technology to bolster its global gaming footprint.