Nazara Technologies has announced a significant increase in its quarterly profit, reaching ₹36.42 crore for the quarter ending June 30, 2025. This marks a substantial year-on-year growth from ₹23.62 crore in the same period last year. However, the company’s revenue saw a sequential decline of 4.8%, settling at ₹498.77 crore, impacted by losses in its Esports division which offset gains in the core gaming segment.
Key Financial Highlights
- Net Profit: ₹36.42 crore (up from ₹23.62 crore year-on-year).
- Revenue from Operations: ₹498.77 crore (down 4.8% sequentially, but nearly doubled year-on-year).
- Profit Before Tax: ₹30.62 crore.
- Standalone Net Profit: Surged to ₹27.61 crore from ₹6.53 crore.
Segment Performance
The gaming division emerged as a strong performer, contributing ₹240.92 crore in revenue and a segment profit of ₹18.1 crore. In contrast, the Esports segment reported a revenue of ₹154.14 crore but incurred a significant loss of ₹24.35 crore, impacting the overall profitability.
Strategic Appointments and Acquisitions
In a move to bolster its leadership and drive future growth, Nazara Technologies has appointed industry veteran Rohit Sharma as an Additional Director and Whole-time Director, designated as Executive Director. Sharma, with over 25 years of experience in video games and digital media, previously founded POKKT Mobile Ads and held key roles after its acquisition.
The company also highlighted several strategic acquisitions and investments during the quarter:
- Curve Digital Entertainment Acquisition: Nazara UK completed the £21.7 million acquisition of UK-based Curve Digital Entertainment.
- Sportskeeda’s Wrestling IP Deal: Sportskeeda acquired the intellectual property of ITR Wrestling and TJR Wrestling for $1.25 million.
- AFK Gaming Acquisition: Nodwin Gaming acquired a 92.3% stake in AFK Gaming Pvt. Ltd. for ₹7.58 crore.
- Investment in STAN: Nazara Dubai committed up to $1 million for a 1.54% stake in Singapore-based Getstan Technologies Pte Ltd.
Legal and Tax Considerations
Nazara Technologies also noted ongoing goods and services tax disputes involving certain subsidiaries and associates, with show cause notices totaling over ₹11,87,000 lakh. However, the company maintains that no liability is expected from these disputes.
