Nazara Technologies' profit after tax dips 17% to Rs 14.8 cr in Dec quarter
Digital gaming and sports platform Nazara Technologies on Friday posted about a 17 per cent decline in consolidated profit after tax to Rs 14.8 crore in the third quarter ended December 31, 2021.
The company had registered a PAT of Rs 17.9 crore in the corresponding quarter last fiscal.
Its consolidated revenue from operations during October-December 2021 grew 42.48 per cent to Rs 185.8 crore, compared with Rs 130.4 crore in the year-ago period.
For nine months ended December 31, 2021, the company recorded over four-fold jump in its consolidated PAT at Rs 42.8 crore, from Rs 9.4 crore in the year-ago period.
The firm's revenue from operations also increased 35 per cent to Rs 446.6 crore in the three quarters ended December 31, 2021, from Rs 330.8 crore in the corresponding period of 2020-21.
"Overall, we are pleased with our growth in strategic areas of focus while maintaining healthy profitability and cash flows.
"We have witnessed 75 per cent year-on-year growth in the e-sports