Nazara Technologies has announced its un-audited Standalone and Consolidated results for the quarter and half year ended 30 September 2021.
As of 30 September 2021, Nazara has diverse business segments with revenue generation happening across gamified learning, Esports, freemium and telco subscription.
Key Consolidated Financial Highlights for H1FY22 are as follows:
- Operating Revenues grew by 30 per cent YoY to Rs 2,608 million
- EBITDA* stood at Rs 496 million, growth of 700 per cent YoY
- EBITDA* margins stood at 19.0 per cent v/s 3.1 per cent for H1FY21
- Delivered a PAT of Rs 280 million vs loss of Rs 83 million in H1FY21; PAT margin of 10.3 per cent
- Recorded a positive Net Cash Flow from Operations of Rs 489 million in H1FY22
The Consolidated Revenue Mix across business segments stood as follows:
Esports segment grew by 62 per cent YoY to Rs. 1,030 Mn in H1FY22 over H1FY21
Gamified Early Learning segment grew by 35 per cent YoY to Rs 1,059 Mn in H1FY22 over H1FY21
Commenting on the performance, group CEO Manish Agarwal, said, “Nazara declared revenue of Rs 260.8 Cr and EBITDA of Rs 49.6 Cr H1 FY22. Revenue grew by 30 per cent in H1 FY22 over H1 FY21 while EBITDA grew by 700 per cent over the same period. We have built strong execution platform in the first half of the year and we expect to accelerate revenue growth further in the latter half on the back of strong tailwinds. We expect our FY22 consolidated revenues to grow in the range of 35 per cent to 40 per cent on YoY basis with EBITDA margins profile at 13 per cent to 15 per cent. The growth shall be supported by organic and inorganic activities.’’