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(27 May 2024, 11:01)

Nazara Tech gains as PAT jumps 43% YoY in Q4 FY24

Nazara Technologies rallied 3.33% to Rs 635 after the gaming and sports media company's consolidated net profit (from continuing operations) increased 43.4% to Rs 17.05 crore in Q4 FY24 from Rs 11.89 crore reported in Q4 FY23.

Revenue from operations slipped 7.99% year on year (YoY) to Rs 266.21 crore during the quarter ended March 2024.

Profit before tax in fourth quarter of FY24 was at Rs 16.93 crore, registering a growth of 2.42% YoY.

EBITDA grew to Rs 29.3 crore in March 2024 quarter as against Rs 27.8 crore recorded in same quarter last year. EBITDA margin improved 140 bps to 11.2% in Q4 FY24.

On full year basis, the company's consolidate net profit jumped 41.15% to Rs 89.46 crore on 4.33% rise in revenue from operations to Rs 1,138.28 crore in FY24 over FY23.

The company’s segment revenue from gaming business stood at Rs 91.03 crore in Q4 FY24 (down 17.4% YoY), revenue from eSports business was at Rs 148.17 crore, (up 5.78% YoY), while Ad tech segment revenue stood at Rs 27.49 crore (do...

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