ANI
22 Nov 2022, 00:07 GMT+10
Mumbai (Maharashtra) [India], November 21 (ANI): Nazara Technologies on Monday posted a surge of 11 per cent in its profit after tax to Rs 169 crore for the quarter ended September 2022, against Rs 153 crore in the year-ago period.
The company said its revenues went up 104 per cent to Rs 2,638 in the reviewed quarter, against Rs 1,296 crore in the corresponding quarter the previous year, according to a statement shared with stock exchanges.
Ebitda or operating profit went up 9% to Rs 213 crore, against Rs 195 in the year-ago period. The company's revenues during the first half of the financial year 2022-23 rose 87 per cent to Rs 4,869 crore, against Rs 2,608 crore in the year-ago period. While profit after tax during the first half of fiscal 2022-23 grew 16 per cent to Rs 334 crore, against Rs 288 crore in the year-ago period. Ebitda or operating profit went up 4 per cent to Rs 514 crore, against Rs 496 crore in the year-ago period.
The shares of the company were trading 1.11 per cent down at Rs 6.75 apiece at 2.24 pm on BSE on Monday.
Nazara is a diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, with offerings across the interactive gaming, e-sports and gamified early learning ecosystems. The firm owns Sportskeeda, a sports news website founded in 2009.
Nazara Technologies, backed by late stock broker Rakesh Jhunjhunwala, was the first Indian gaming technology company to seek a market debut. (ANI)Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationMOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
(Photo credit: Jeff Hanisch-Imagn Images) The Baltimore Orioles acquired minor league catcher Alex Jackson from the New York Yankees...
(Photo credit: Kirby Lee-Imagn Images) Right-hander Emmet Sheehan will get a second chance to make a first impression when he returns...
(Photo credit: Nick Turchiaro-Imagn Images) Things have been 'really cool' for Brandon Nimmo of late. The New York Mets left fielder...
(Photo credit: Wendell Cruz-Imagn Images) The Milwaukee Brewers expect first baseman Rhys Hoskins to miss 'a few days' after he exited...
(Photo credit: Raymond Carlin III-Imagn Images) The Texas Rangers activated outfielder Wyatt Langford from the 10-day IL on Saturday...
(Photo credit: Sam Navarro-Imagn Images) Rookie Agustin Ramirez grounded a two-out, two-strike, two-run, tie-breaking single in the...