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Nazara Tech sees modest revenue growth, profits decline amid rising costs

YourStory LogoYourStory1w ago

Nazara Tech sees modest revenue growth, profits decline amid rising costs - YourStory

Quick Summary:

Nazara Technologies Ltd.reported a 7.3% year-over-year increase in revenue from operations to Rs 318.94 crore for the second quarter of fiscal year 2025, up from Rs 297.24 crore in Q2 FY24.

The company has exited Crimzoncode Technologies and Nazara Pro Gaming, selling its 100% stakes in both.

Nazara also increased its stake in Moonshine Technology with a strategic investment, acquiring 44.86% of its equity for a maximum of Rs 784.23 lakh.


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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 18:53:02 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 291 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23590638

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About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 11 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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The story "Nazara Tech sees modest revenue growth, profits decline amid rising costs" was covered 1 weeks ago by YourStory, a news publisher based in India.

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