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

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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.