Nazara Technologies Ltd.'s net profit increased 21% in the third quarter of the financial year, meeting analysts' estimates.
The company posted a profit of Rs 30.7 crore in the quarter ended Dec. 31, according to an exchange filing on Thursday. This compares with the Rs 31-crore consensus estimate of analysts polled by Bloomberg.
Nazara Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 67% to Rs 534.7 crore versus Rs 320.4 crore (Bloomberg estimate: Rs 410 crore).
Ebitda up 2% to Rs 37.1 crore versus Rs 36.3 crore (Estimate: Rs 45 crore).
Margin narrows to 6.9% versus 11.3% (Estimate: Rs 11%).
Net profit up 21% to Rs 30.7 crore versus Rs 25.3 crore (Estimate: Rs 31 crore).
Shares of Nazara Tech closed 0.64% higher at Rs 926.20 apiece, compared to a 0.06% decline in the benchmark Nifty. It has risen 8.80% in the last 12 months.
Six out of the 11 analysts tracking the company have a 'buy' rating on the stock, one recommends 'hold' and four suggest 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 7.7%.
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