Nazara Tech Q4 Earnings: How will Nazara Tech share price react following net profits rise?

Diversified gaming company Nazara Technologies recently announced its results for the Jan - Mar ‘23 period. Both revenue and profits witnessed a growth from the previous year, helped by the rising demand for online gaming in India.

However, the Nazara Tech share price performance has been dismal in recent times. The Nazara Tech share price has declined by roughly 8% in 2023 so far while it has cracked 11% over the past year.

So, taking this into consideration, how will the Nazara Tech share price react to its latest results? Which segments contributed the most to Nazara Tech revenues in the March quarter? What were the Nazara Tech profits in the Jan - Mar ‘23 period? What was the Nazara Tech dividend, if any? Let’s try and decode!

Decoding Nazara Tech Q4 Earnings

Nazara Tech revenues:

• Nazara Tech revenues for the Jan - Mar ‘23 period came in at Rs 289.3 crores. This denotes a significant jump of 65.2% from the previous year. Growth in its major business segments drove the overall revenue rise.
   
• Revenue from the eSports business contributed the most to the overall revenues of the company at about 48.4%. The segment’s revenues came in at Rs 140.1 crores for the Jan - Mar ‘23 period, up an impressive 53% from the previous year.
   
• The next biggest revenue contributor was the Gamified early learning segment at about 27.7% of the total revenues. Revenues for the segment at the end of the March quarter stood at Rs 80.1 crores. This denotes a yearly jump of 56.1% from the previous year.
   
• The newest revenue stream of the company, its Ad tech business reported revenues of Rs 390 crores for the Jan - Mar ‘23 period.
   
• However, segments like Telco Subscription and Freemium witnessed a yearly decline of 22.2% and 8.8%, respectively.
   
• Geographically, the company’s revenues were majorly evenly distributed between North America and India at 42% and 40%, respectively. Rest of the World contributed 19% of the total revenues.

Nazara Tech margins: Nazara Tech’s margins for the Jan - Mar ‘23 period came in at 9.6%. This marks an improvement from the previous year’s figure of 8.5%.

Moreover, operating profit increased by an impressive 86% from the previous year to Rs 27.7 crores.

Nazara Tech dividend: The company did not declare any dividend.

Nazara Tech profits: Nazara Tech reported profits of 9.4 crores for the Jan - Mar ‘23 period. This denotes a growth of 92% from the previous year.

Moreover, the net profit margin improved to 3.2% from 2.8% in the previous year.

This is not investment advice. Investments in the securities market are subject to market risk, read all the related documents carefully before investing. Past performance is not indicative of future returns.