Nazara Technologies sees Q2 profit decline 33 pc to Rs 16 crore ...Middle East

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Nazara Technologies sees Q2 profit decline 33 pc to Rs 16 crore
source : News room odisha ( Middle East ) () 78
New Delhi: Homegrown gaming and sports media company Nazara Technologies reported 33 per cent drop in its net profit for the July-September period (Q2 FY25). The company reported a consolidated net profit of Rs 16.24 crore in Q2 FY25, from Rs 24.18 crore in the same quarter last year. On a sequential basis, its profit declined 31 per cent from Rs 23.62 crore, as per Nazara’s financials. The company’s operating revenue grew 7 per cent to Rs 318.94 crore against Rs 297.24 crore in the same quarter last year. The gaming company incurred a loss of Rs 1.86 crore from discontinued operations, as against a profit of Rs 1.68 crore in the year-ago quarter. Total expenditure went up 11 per cent to Rs

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