Nazara Technologies Financial Results Q2 FY 2023-24

Key insights

6 takeaways

01
Consolidated revenue from operations was Rs 29,724 lakh for the quarter ended September 30, 2023, up from Rs 25,443 lakh in the June 30, 2023 quarter.See it on page 6
02
Consolidated profit for the quarter ended September 30, 2023 was Rs 2,418 lakh, of which Rs 1,982 lakh was attributable to equity shareholders of the Company.See it on page 6
03
For the half year ended September 30, 2023, consolidated revenue from operations was Rs 55,167 lakh, compared with Rs 48,687 lakh for the half year ended September 30, 2022.See it on page 6
04
The eSports segment reported Rs 17,203 lakh of revenue in the quarter ended September 30, 2023, and Gaming reported Rs 10,431 lakh.See it on page 7
05
On October 7, 2023 the Board approved allotment of 7,142,856 shares for an aggregate consideration of Rs 51,000 lakh, increasing paid-up share capital to Rs 2,933 lakh from Rs 2,647 lakh.See it on page 10
06
Consolidated cash and cash equivalents rose to Rs 29,534 lakh at September 30, 2023 from Rs 14,212 lakh at March 31, 2023.See it on page 8

Summary

This filing from Nazara Technologies Limited, listed on BSE and NSE, contains unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2023, approved by the Board on November 8, 2023, together with Walker Chandiok & Co LLP's limited review reports. The consolidated statements cover the holding company, its subsidiaries, one joint venture and associates, and report segments for Gaming, eSports and Ad tech. Consolidated revenue from operations was Rs 29,724 lakh for the quarter ended September 30, 2023, compared with Rs 25,443 lakh for the quarter ended June 30, 2023 and Rs 26,377 lakh for the quarter ended September 30, 2022. For the half year, revenue was Rs 55,167 lakh against Rs 48,687 lakh a year earlier. Consolidated profit for the quarter was Rs 2,418 lakh, and consolidated profit before tax was Rs 2,124 lakh. Standalone revenue from operations for the quarter was Rs 688 lakh. Subsequent to the period, on October 7, 2023 the Board approved a preferential allotment of 7,142,856 equity shares, for an aggregate consideration of Rs 51,000 lakh, raising paid-up share capital from Rs 2,647 lakh to Rs 2,933 lakh.