Conference Call with Nazara Technologies Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Internet software & services company Nazara Technologies announced Q4FY23 & FY23 results: Q4FY23: Revenue rose by 65% to Rs 2,893 million (Rs 289.3 crore) as against Rs 1,751 million (Rs 175.1 crore) in Q4FY22 EBITDA increased by 86% to Rs 277 million (Rs 27.7 crore) as against Rs 149 million (Rs 14.9 crore) in Q4FY22 PAT increased by 92% to Rs 94 million (Rs 9.4 crore) as against Rs 49 million (Rs 4.9 crore) in Q4FY22 FY23: Revenue grew by 75% to Rs 10,910 million (Rs 1,091.0 crore) as against Rs 6,217 million (Rs 621.7 crore) in FY22 EBITDA grew by 16% to Rs 1,097 million (Rs 109.7 crore) as against Rs 946 million (Rs 94.6 crore) in FY22 Revenue growth has been broad-based with all three segments of the company showing strong growth; 28% revenue growth in gaming, 75% in eSports, and 53% in ad tech PAT growth of 21% in FY23 - Rs 614 million (Rs 61.4 crore) as against Rs 507 million (Rs 50.7 crore) in FY22 Cash & Cash Equivalents (incl. liquid investments) of Rs 6,283 million (Rs 628.3 crore) as of 31st March 2023 Commenting on the FY23 performance, Nitish Mittersain, Founder, CEO & Jt MD of Nazara Technologies stated: “We are delighted to report another milestone year for Nazara. Our strong performance in FY23 with revenues surpassing the Rs 1,000 crore mark at Rs 1,091.0 crore and EBITDA surpassing the Rs 100 crore mark at Rs 109.7 crore is a testament to the hard work and dedication of our team, as well as our strategic investments in high-growth segments. We believe India is well on its way to becoming the Gaming Nation of the world in the years to come and we will continue to play a pivotal role in this journey.” Result PDF