Nazara Technologies Ltd

Kamath is leaving the firm to relocate to his hometown, Delhi, and spend more time with his family, the company said. Nazara Technologies is India's leading gaming and esports company, owning popular brands like NODWIN Gaming, Sportskeeda, Kiddopia, Animal Jam, World Cricket Championship, and Datawrkz. The company operates in India, the US, and other global markets, offering a diverse range of products and services, including esports, early learning games, casual games, and ad tech solutions. The company reported a 52.89% decline in consolidated net profit from continuing operations to Rs 13.68 crore despite a 66.88% increase in revenue from operations to Rs 534.69 crore in Q3 FY25 over Q3 FY24. Shares of Nazara Technologies fell 0.77% to Rs 930.45 on the BSE.Powered by Capital Market - Live

Nodwin Gaming (Nodwin), a material subsidiary of  Nazara Technologies has extended a guarantee for an amount not exceeding of EUR 1,560,000 (Rs 14.73 crore), in favour of Co-Investor FRE GmbH & Co. KG (the Lender), on behalf of Freaks 4U Gaming GmbH (the Borrower), a step down subsidiary of Nodwin and the Company, for securing a loan, in one or more tranches, for business purposes such as working capital requirements, expansion plans, etc., subject to compliance with the applicable laws.Powered by Capital Market - Live

Net profit of Nazara Technologies rose 19.05% to Rs 30.68 crore in the quarter ended December 2024 as against Rs 25.77 crore during the previous quarter ended December 2023. Sales rose 66.88% to Rs 534.69 crore in the quarter ended December 2024 as against Rs 320.40 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales534.69320.40 67 OPM %6.8711.34 - PBDT55.8452.19 7 PBT25.3236.99 -32 NP30.6825.77 19 Powered by Capital Market - Live

Profit before tax (PBT) fell 31.54% YoY to Rs 25.32 crore in Q3 FY25. EBITDA jumped 38.9% to Rs 52.4 crore in Q3 FY25, compared with Rs 37.7 crore posted in the corresponding quarter last year. EBITDA margin stood at 9.8% in Q3 FY25 as against 11.8% in Q3 FY24. The company's segment revenue from gaming business stood at Rs 154.91 crore (up 52.68% YoY), revenue from eSports business was at Rs 232.67 crore (up 20.13% YoY), while Ad tech segment revenue stood at Rs 147.87 crore (up 466.55% YoY) during the period under review. Gaming segment revenues were driven by strategic acquisitions, including Fusebox Games, along with strong performance from existing games like Animal Jam. The recent licensing agreements and upcoming integrations of popular entertainment IPs are set to further enhance user growth and engagement. Kiddopia's collaborations with Mattel's Barbie and Moonbug's Little Angel will strengthen engagement among young audiences, while partnerships with well-known franchises like Big Brother and Bigg Boss will scale the gaming vertical. Nazara also announced the acquisition of popular gaming IPs, CATS: Crash Arena Turbo Stars and King of Thieves. These games will be operated and published by Nazara Technologies, ensuring that revenue and profit from them will directly accrue to the listed entity. The company plans to further scale this model in the coming quarters. To support its expansion, Nazara has raised Rs 495 crore through a preferential equity issue to Axana Estates LLP, led by Arpit Khandelwal and Mithun Sacheti. This capital infusion, combined with Nazara's strong cash reserves, provides the company with the financial flexibility to pursue further acquisitions and boost organic growth to drive long-term value creation, it added. Nitish Mittersain, MD & CEO of Nazara Technologies, commented on the results: This quarter's performance reflects our continued focus on execution and growth. By expanding our gaming ecosystem, partnering with globally recognized IPs, and driving high-impact acquisitions, we are well-positioned to establish Nazara as a truly global gaming leader from India. Nazara Technologies is India's leading gaming and eSports company, owning popular brands like NODWIN Gaming, Sportskeeda, Kiddopia, Animal Jam, World Cricket Championship, and Datawrkz. The company operates in India, the US, and other global markets, offering a diverse range of products and services, including esports, early learning games, casual games, and ad tech solutions. Shares of Nazara Technologies fell 0.74% to currently trade at Rs 922.25 on the BSE. Powered by Capital Market - Live

Nazara Technologies will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live

Paper Boat Apps, the creators of the Kiddopia app and a 100% subsidiary of Nazara Technologies announced the addition of Mattel Inc.'s iconic Barbie brand to Kiddopia. The integration featuring Barbie-themed games, is set to launch later this year. The collaboration will bring Barbie to Kiddopia's educational platform, designed to nurture creativity, problem-solving, and learning among young users. This addition will enhance Kiddopia's mission of blending fun with education while offering exciting new games that entertain and promote learning. Dhaval Sheth, COO of Kiddopia, commented, 'Barbie's global recognition and empowering messaging align perfectly with our mission to inspire imagination, foster creativity, and provide an engaging learning experience for young children. This partnership will offer an exciting new way for kids to learn and play, combining the fun of Barbie with Kiddopia's educational ecosystem.'Powered by Capital Market - Live

Founded in 2018 by entrepreneur Roman Romanstov, The Starladder team has over 20 years of experience in organizing esports events and a wide portfolio of iconic events. Starladder has organized many white-label events and has experience working with the largest game developers such as Valve, Tencent, Krafton, Blizzard, Riot Games, Supercell, Com2us, Moonton, Smilegate, etc. Nazara Technologies stated that the acquisition of 100% of the share capital of StarLadder will be a combination of secondary sale and stock swap of NODWIN Gaming Pte shares for an initial consideration of upto $5.5 million (Rs 46.75 crore). The initial consideration would be payable partly by way of cash consideration upto $2 million (Rs 17 crore) and balance $3.5 million (Rs 29.75 crore) by way of swap of equity shares of NODWIN Gaming Pte. Additional consideration is payable on meeting the earn-out targets. This acquisition will see StarLadder become a fully owned subsidiary of NODWIN Gaming Pte (Singapore), marking a significant step in expanding its AAA IP and event production portfolio worldwide. As part of this transaction, the founder Roman Romanstov would become a shareholder of NODWIN Gaming Pte and continue to lead the business going forward. Akshat Rathee, co-founder of NODWIN Gaming, said: 'With this NODWIN will level up our capability invision bigger and better IPs and events for our fans and partners to love.' Nazara Technologies is India's leading gaming and esports company, owning popular brands like NODWIN Gaming, Sportskeeda, Kiddopia, Animal Jam, World Cricket Championship, and Datawrkz. The company operates in India, the US, and other global markets, offering a diverse range of products and services, including esports, early learning games, casual games, and ad tech solutions. The company had reported a 10.85% rise in consolidated net profit to Rs 21.97 crore on a 7.3% increase in revenue from operations to Rs 318.94 crore in Q2 FY25 over Q2 FY24. The scrip rose 0.16% to currently trade at Rs 941.55 on the BSE. Powered by Capital Market - Live

NODWIN Gaming, a material subsidiary of Nazara Technologies, today announced the acquisition of Starladder, a leading esports IP and services Company in a deal valued at an initial consideration of USD 5.5 million (Rs 46.75 crore). Additional consideration is payable on meeting the earn-out targets. This acquisition will see StarLadder become a fully owned subsidiary of NODWIN Gaming Pte (Singapore), marking a significant step in expanding its AAA IP and event production portfolio worldwide. The acquisition of 100% of the share capital of StarLadder will be a combination of secondary sale and stock swap of NODWIN Gaming shares for an initial consideration of upto USD 5.5 million (Rs 46.75 crore). The initial consideration would be payable partly by way of Cash consideration upto USD 2 million (Rs 17 crore) and balance USD3.5 million (Rs 29.75 crore) by way of swap of equity shares of NODWIN Gaming. As part of this transaction, the founder Roman Romanstov would become a shareholder of NODWIN Gaming and continue to lead the business going forward.Powered by Capital Market - Live

Nazara Technologies Ltd fell for a fifth straight session today. The stock is quoting at Rs 970.75, down 2.01% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.96% on the day, quoting at 22871.55. The Sensex is at 75485.37, down 0.93%.Nazara Technologies Ltd has eased around 4.85% in last one month.Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has eased around 13.17% in last one month and is currently quoting at 1643.4, down 3.89% on the day. The volume in the stock stood at 2.35 lakh shares today, compared to the daily average of 5.41 lakh shares in last one month.The PE of the stock is 0 based on TTM earnings ending September 24.Powered by Capital Market - Live

Nazara Technologies announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 February 2025.Powered by Capital Market - Live