Nazara delivers 30% YOY revenue growth & 700% YOY increase in EBITDA

Nazara Technologies Limited has announced its un-audited Standalone and Consolidated results for the quarter and half year ended 30th September 2021. 

As of September 30, 2021, 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:

ü  Operating Revenues grew by 30% YoY to Rs. 2,608 million

ü  EBITDA* stood at Rs. 496 million, growth of 700% YoY

ü  EBITDA* margins stood at 19.0% v/s 3.1% for H1FY21

ü  Delivered a PAT of Rs. 280 million vs loss of Rs. 83 million in H1FY21; PAT margin of 10.3%

ü  Recorded a positive Net Cash Flow from Operations of Rs. 489# million in H1FY22


*EBITDA excludes other income

# Cash flow from operations is excluding of payment of ₹ 496 million during the six months ended on 30 September 2021 for expenses incurred towards IPO of the Company. Amount collected from selling shareholders towards such IPO expenses were kept in a specific bank account as at 31 March 2021.

The Consolidated Revenue Mix across business segments stood as follows:

ü  Esports segment grew by 62% YoY to Rs. 1,030 Mn in H1FY22 over H1FY21

ü  Gamified Early Learning segment grew by 35% YoY to Rs. 1,059 Mn in H1FY22 over H1FY21 

Manish Agarwal, Group CEO said : “Nazara declared revenue of Rs.260.8 Cr and EBITDA of Rs.49.6 Cr 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.’’


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