MUMBAI: Nazara Technologies Limited has announced its un-audited Standalone and Consolidated results for the quarter and half year ended September 30.
As of September 30, 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% yoy to Rs260.8cr
EBITDA stood at Rs49.6cr, growth of 700% yoy
EBITDA margins stood at 19.0% v/s 3.1% for H1FY21
Delivered a PAT of Rs28cr vs loss of Rs8.3cr in H1FY21; PAT margin of 10.3%
Recorded a positive Net Cash Flow from Operations of Rs48.9cr in H1FY22
Commenting on the performance, Manish Agarwal, Group CEO, said, “Nazara declared revenue of Rs260.8cr and EBITDA of Rs49.6cr H1 FY22. Revenue grew by 30% in H1 FY22 over H1 FY21 while EBITDA grew by 700% 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%-40% on yoy basis with EBITDA margins profile at 13% – 15%. The growth shall be supported by organic and inorganic activities.”
