Nazara Technologies posts Rs 13.6-crore net profit for June quarter

Gaming firm Nazara Technologies on Friday posted a net profit of Rs 13.6 crore for the June 2021 quarter.

The company had reported a loss of Rs 21.7 crore in the April-June 2020 period, Nazara Technologies said in a regulatory filing.

Its revenue during April-June 2021 jumped 45 per cent to Rs 131.2 crore, compared with Rs 90.5 crore in the year-ago period.

The e-sports segment’s revenue doubled to Rs 53.2 crore, while that of Gamified early learning segment grew about 46 per cent to Rs 52.1 crore in the June 2021 quarter from the year-ago period.

Revenue from freemium, telco subscription and real money gaming stood at Rs 5.8 crore, Rs 17.9 crore and Rs 2.2 crore, respectively, in the reported quarter.