Nazara Technologies Financial Results Q3 FY 2021-22

This document is the set of unaudited consolidated and standalone financial results of Nazara Technologies Limited, a Mumbai-based company, for the quarter and nine months ended December 31, 2021, approved by the Board on February 11, 2022. The consolidated figures cover the holding company, its subsidiaries, associates and a joint venture. Walker Chandiok & Co LLP issued a review report, not an audit opinion. The statements are presented in ₹ millions. The auditor notes that some subsidiaries' interim information was not reviewed by their auditors and that the December 31, 2020 comparatives were not audited or reviewed.

On a consolidated basis, revenue from operations was 1,858 for the quarter ended December 31, 2021, compared with 1,296 for the quarter ended September 30, 2021 and 1,304 for the corresponding quarter of 2020. For the nine months, revenue was 4,466, against 3,308 a year earlier. Profit for the quarter was 148, compared with 145 in the previous quarter and 179 a year earlier. For the nine months, profit was 428, compared with 94.

By segment, eSports revenue was 1,093 in the quarter, up from 498 in the previous quarter and 578 in the corresponding quarter of 2020. Gamified early learning revenue was 472 in the quarter. Consolidated total assets were 14,342 at December 31, 2021, compared with 11,016 at September 30, 2021.

Standalone results show a loss before tax of (29) for the quarter and a loss for the nine months of (151). Employee benefit expenses in the consolidated statement rose to 264 in the quarter from 116 a year earlier.