Nazara Technologies Ltd Share Price – NSE  / BSE

Telecomm-Service, Small Cap

Nazara Technologies Ltd rose for a third straight session today. The stock is quoting at Rs 928.35, up 1.79% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 23553.1. The Sensex is at 77510.02, down 0.09%. Nazara Technologies Ltd has added around 3.17% in last one month.

Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has added around 3.5% in last one month and is currently quoting at 1924.4, down 0.49% on the day. The volume in the stock stood at 2.71 lakh shares today, compared to the daily average of 3.72 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending June 24.

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Profit before tax (PBT) rose 2.4% YoY to Rs 21.75 crore during the quarter.

EBITDA fell 9.8% to Rs 25.2 crore in Q2 FY25 as compared with Rs 27.9 crore posted in corresponding quarter last year. EBITDA margin stood at 7.9% in Q2 FY25 as against 9.4% in Q2 FY24.

The company’s segment revenue from gaming business stood at Rs 114.05 crore (up 9.34% YoY), revenue from eSports business was at Rs 181.76 crore, (up 5.66% YoY), while Ad tech segment revenue stood at Rs 24.13 crore (up 7.1% YoY) during the period under review.

Meanwhile, the company’s board has approved the merger of Paperboat Apps with itself.

Paperboat is an indie studio engaged in designing, developing and publishing world class edutainment apps for kids. Paperboat are the makers of Kiddopia – India’s largest subscription based edutainment app for early learners Kiddopia, offers interactive games and activities that foster cognitive development, selfexpression and also social-emotional learning in early age Kids. As on 30 September 2024, the company’s total income stood at Rs 97.85 core.

The proposed amalgamation of Paperboat Apps with NazaraTech is expected to create greater efficiency due to the consolidation of operations, pooling and more effective utilisation of the combined resources of the said companies, reduction in overheads, costs and expenses, economies of scale, elimination of duplication of work and rationalization and reduction of compliance requirements.

The merger could strengthen the brand value of both companies by combining their reputations and unique selling propositions, leading to better market recognition and customer trust.

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 scrip jumped 2.25% to end at Rs 907.50 on Thursday, 14 November 2024.

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Net profit of Nazara Technologies rose 10.85% to Rs 21.97 crore in the quarter ended September 2024 as against Rs 19.82 crore during the previous quarter ended September 2023. Sales rose 7.30% to Rs 318.94 crore in the quarter ended September 2024 as against Rs 297.24 crore during the previous quarter ended September 2023.

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gCommerce is an in-game monetization platform designed to address low in-app purchase conversion rates and poor advertising yields for Indian game developers. By integrating e-commerce within games, Nazara and ONDC aim to provide developers with new, scalable revenue streams.

Game developers can earn a commission on transactions initiated by players through the gCommerce platform, leveraging an affiliate revenue-sharing model. The platform is currently in soft launch and will be rolled out to developers starting in Q1FY26.

ONDC, an initiative of the Indian government, seeks to revolutionize digital commerce by creating an open, unbundled, and interoperable network. It aims to facilitate the penetration of retail e-commerce in 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.

Nazara's consolidated net profit (from continuing operations) increased 13.23% to Rs 23.62 crore in Q1 FY25 from Rs 20.86 crore reported in Q4 FY23. Revenue from operations stood at Rs 250.08 crore in Q1 FY25, down 1.71% from Rs 254.43 crore reported in the same period a year ago.

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