New Delhi: Digital gaming and sports platform Nazara Technologies on Friday posted about a 17% decline in consolidated profit after tax to Rs 14.8 crore in the third quarter ended December 31, 2021. The company had registered a PAT of Rs 17.9 crore in the corresponding quarter last fiscal.

Its consolidated revenue from operations during October-December 2021 grew 42.48% to Rs 185.8 crore, compared with Rs 130.4 crore in the year-ago period.

For nine months ended December 31, 2021, the company recorded over four-fold jump in its consolidated PAT at Rs 42.8 crore, from Rs 9.4 crore in the year-ago period.

The firm’s revenue from operations also increased 35% to Rs 446.6 crore in the three quarters ended December 31, 2021, from Rs 330.8 crore in the corresponding period of 2020-21.

“Overall, we are pleased with our growth in strategic areas of focus while maintaining healthy profitability and cash flows.

“We have witnessed 75% year-on-year growth in the e-sports segment for nine months of the financial year 2022, led by strong growth in revenue across all sub-segments in Nodwin and SportsKeeda,” Nazara Technologies Group CEO Manish Agarwal said.

He said the addition of original IPs such as NH7 Weekender and “the expansion of our e-sports business into the Middle East via our acquisition of Publishme has further accelerated the growth momentum”.

“Nazara’s strategy of having a diversified portfolio across business segments in gaming continues to provide us with a stable and strong platform on which we can continue to build future growth and success,” Agarwal said.

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