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Nazara Technologies Ltd share Price

Company details

6M Return 67.06%
1Y Return 31.15%
Mkt Cap.(Cr) 5,596.00
Volume 58,708
Div Yield 0.00%
OI Chg %
Volume 58,708

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Internet software & services company Nazara Technologies announced Q1FY24 results:

  • Revenue grew by 14% to Rs 254.4 crore as against Rs 223.1 crore in Q1FY23
  • EBITDA increased by 10% to Rs 33.1 crore as against Rs 30 crore in Q1FY23
  • EBITDA margin of 13.0% in Q1FY24
  • PAT grew by 31% to Rs 20.9 crore as against Rs 15.9 crore in Q1FY23

Commenting on the Q1FY24 performance, Nitish Mittersain, Founder, CEO & Jt MD of Nazara Technologies stated: “Q1FY24 saw our revenue grow by 14% YoY to Rs 254.4 crore, EBITDA by 10% to Rs 33.1 crore & PAT up by 31% to Rs 20.9 crore. Our EBITDA margin for Q1 stood at 13.0%.

Our revenue and EBITDA growth is expected to accelerate in the coming quarters due to seasonality and our decision to defer key esports launches to benefit from upcoming opportunities.

Of note, Sportskeeda continued to deliver a strong performance with a strong 52% growth YoY in revenues and 55% in EBITDA.

The recent announcements related to the skill-based real money gaming business will have minimal impact on our overall financial performance as its contribution is limited to 4.7% of our revenue and 0.5% of our EBITDA in Q1FY24.

We continue to build a healthy pipeline of M&A opportunities in various segments that we operate in, focusing on adding gaming IPs and strong teams to our platform.

In closing, I am happy to note that this is our 10th quarterly result since our IPO delivers consistent YoY revenue and profit growth. We remain dedicated to our stated vision of building out a well-diversified gaming platform that keeps growing stronger as the gaming industry evolves.”


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Operating Profit
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Reserves and Surplus
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Profit after Tax

Nazara Technologies Ltd Stocks COMPARISION


Equity Capital: 1,104.90 Cr FV: 4.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 11,335.64 -17,804.06
LAST 3M 47,117.37 -471.49
LAST 6M 52,173.28 142,982.97
LAST 12M 128,656.49 169,390.95

Nazara Technologies Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Nazara Technologies Limited was originally incorporated as a private limited company with the name "Nazara.Com Private Limited" on December 8, 1999. Subsequently, the name of the Company was changed to Nazara Technologies Private Limited on July 4, 2003. Thereafter, the Company was converted into a public limited company and the name of the Company was changed to Nazara Technologies Limited on December 13, 2017. The Company is one of the leading mobile games company headquartered in Mumbai, which is engaged in acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America. The operations comprise of Subscription Business, Freemium Business and esports business. The Subscription Business is focussed on mass mobile internet users in the emerging markets, comprising largely of first time mobile gamers. In light of the low propensity of gamers to pay for online content, the Company has tailored its product offerings to deliver maximum value for gamers at affordable price points. The "sachet pricing" strategy in Subscription Business allows gamers to access entire catalogue of over 1,000 android games, upon signing up for a daily, weekly or monthly subscription. Billing for Subscription Business is channelled through telecom operators (carrier billing), which has eased the payment process for gamers and collection of revenue by the company. As part of in-house Freemium Business, the company understands local gamer behaviour in designing games and innovatively incorporating local, licensed, intellectual property to drive the growth of network of games is one of its key strengths. Localised gamer insights are reflected in the popularity of some of its mobile games on the Google Play Store, such as, `World Cricket Championship 2`, `Chhota Bheem Race`, and `Motu Patlu Game`. These games have consistently been part of the top three games on the top free charts on the Google Play Store ahead of certain globally established names such as Candy Crush, Subway Surfer and Temple Run. The Promoters, Vikash Mittersain and Nitish Mittersain, who have over 15 years of experience in the mobile entertainment and gaming industry.

Registered Address

51-57 Maker Chambers 3, Nariman Point, Mumbai, Maharashtra, 400021

Tel : 91-22-40330800/22810303/22813030
Email : cs:nazara.com
Website : http://www.nazara.com

Link Intime India Pvt Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 4
Market Lot Equity Shares : 1
BSE Code : 543280
Book Closure Date (Month) :
BSE Group : A
ISIN : INE418L01021

FAQ’s on Nazara Technologies Ltd Shares

You can buy Nazara Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Nazara Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 09:44 AM the closing price of Nazara Technologies Ltd was ₹ 845.65.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 09:44 AM, the market cap of Nazara Technologies Ltd stood at ₹ 5,596.00.

The latest PE ratio of Nazara Technologies Ltd as of Oct 03, 2023 09:44 AM is 114.74

The latest PB ratio of Nazara Technologies Ltd as of Oct 03, 2023 09:44 AM is 0.20

The 52-week high of Nazara Technologies Ltd is ₹ 929.05 while the 52-week low is ₹ 480.35

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