Market (Overall)·Updated Mar 21, 2026 by Nazara Technologies
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.
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.
Consolidated revenue grew 7% year-over-year to ₹56,902 lakh for the period ended September 30, 2024, driven primarily by the eSports segment.
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.
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.
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.
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.
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.
Consolidated revenue grew 7% year-over-year to ₹56,902 lakh for the period ended September 30, 2024, driven primarily by the eSports segment.
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.
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.
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.