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Nazara posts 250 Cr revenue in Q1 FY25, profit spike 38%

EntrackrEntrackr · 11m ago
Nazara posts 250 Cr revenue in Q1 FY25, profit spike 38%
Medial

Gaming and sports media company Nazara Technologies operating revenue has decreased marginally in Q1 FY25. However, the firm managed to grow its profit by over 38% majorly due to low deferred tax. Nazara’s operating revenue fell 6.06% to Rs 250 crore in Q1 FY25 from Rs 266.2 crore in Q4 FY24, its unaudited consolidated financial statements sourced from National Stock Exchange (NSE) show. e-sports formed 52.73% of the company’s total operating revenue whereas the gaming segment had a share of 37.11% followed by ad tech which accounted for 10.26% of the topline. Nazara also made Rs 25.57 crore via interest and gains on financial assets during the quarter which pushed its overall revenue to Rs 275.65 crore. The company reduced its total expenses by 15.44%, bringing them down to Rs 241 crore in Q1 FY25 from Rs 285 crore in Q4 FY24. Content, events, and web servers collectively contributed 35.17% to the total expenses, while employee benefits and marketing accounted for 21.28% and 17% of the total costs, respectively. Nazara’s fall in expenses led to a 38.53% spike in profit which stood at Rs 23.62 crore in Q1 FY25 against Rs 17 crore in Q4 FY24. With more than a dozen brands under its portfolio, Nazara Technologies is on an acquisition spree. As per TheKredible, the company has acquired 14 startups to date, with 4 deals concluded in the last two months including Fusebox Games, Kiddopia’s developer Paper Boat Apps, IP rights of Ultimate Teen Patti and assets of DeltiasGaming. Nazara has seen significant success in its ‘acquire and scale’ strategy over the last few years and plans to invest $100 million for mergers and acquisitions in the coming two years. Nazara also made headlines last month when Openplay Technologies and Halaplay Technologies, the two subsidiaries of the gaming firm, received notice from the Goods and Services (GST) department to pay nearly Rs 1,120 crore in retrospective taxes for the period of FY18 to FY23. Nazara made its entry into the public market in March 2021 at Rs 1,990 per share and achieved an all-time high of over Rs 2,600 in October 2021. The company also went for a stock split in June 2024 at a 2:1 ratio. Its current share price stands at around Rs 932.15 with a market cap of Rs 7,130 crore or $$850 million, as of Aug 14, 2024 (IST 1:00 PM).

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Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25

EntrackrEntrackr · 1m ago
Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25
Medial

Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25 Gaming and sports media firm Nazara Technologies reported a 95% year-on-year rise in operating revenue for Q4 FY25. However, the Mumbai-based company’s profit remained modest at Rs 4 crore in the final quarter of the previous fiscal year. Nazara’s operating revenue rose by 95.3% to Rs 520 crore in Q4 FY25 from Rs 266 crore in Q4 FY24, according to its audited consolidated financial statements sourced from the National Stock Exchange (NSE). E-sports accounted for 41.5% (Rs 216 crore) of the company’s total operating revenue, while the gaming segment held a 30% share (Rs 156 crore), followed by ad tech, which contributed 28% (Rs 148 crore). Nazara also earned Rs 18 crore from interest and gains on financial assets during the quarter, bringing its overall revenue to Rs 539 crore. However, the company posted a 40.8% YoY increase in its total income to Rs 1,715 crore in FY25, compared to Rs 1,218 crore in FY24. On the line of scale, Nazara’s total expenses surged by 85.3% to Rs 528 crore in Q4 FY25, compared to Rs 285 crore in the same quarter last year. Content and commission costs together stood at Rs 186 crore, while employee benefit expenses rose to Rs 80 crore. Notably, marketing expenses saw a sharp 3.5X jump, reaching Rs 151 crore in Q4 FY25. Despite a 95% year-on-year revenue growth in Q4, the company’s profit remained flat at Rs 4 crore in Q4 FY25. For the full fiscal year, its net profit declined to Rs 51 crore in FY25 from Rs 74.7 crore in FY24. Last week, the Competition Commission of India (CCI) also approved the acquisition of a majority stake and control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited. Nazara is currently trading at Rs 1,270 (as of 03.41 PM) with a total market capitalization of Rs 11,127 crore (approximately $1.3 billion).

TBO reports Rs 418 Cr revenue and Rs 61 Cr profits in Q1 FY25

EntrackrEntrackr · 11m ago
TBO reports Rs 418 Cr revenue and Rs 61 Cr profits in Q1 FY25
Medial

Business focused travel distribution platform Travel Boutique Online (TBO) has announced its first quarterly results since going public. The Gurugram-based company saw an increase in both revenue and profit during the first quarter of the current fiscal year. TBO’s operating revenue increased by 13.4% to Rs 418.46 crore in Q1 FY25 from Rs 369 crore in Q4 FY24, its unaudited consolidated financial statements sourced from National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 76.63% of TBO’s revenue which increased to Rs 227 crore in Q1 FY25. Meanwhile, income from air ticketing brought Rs 23 core to the firm’s topline. When it comes to cost, TBO’s total expense grew by 11.1% to Rs 358.4 crore in Q1 FY25 from Rs 322.62 crore in Q4 FY24. Services fee was the largest cost center which accounted for 38.7% of the total expense. This expenditure stood at Rs 139 crore in Q1 FY25. The company also spent Rs 82.16 crore on salaries and other employee benefit schemes. TBO growth in scale enabled the firm to post a 31.3% spike in profits to Rs 60.91 crore in Q1 FY 25 from Rs 46.39 crore in Q4 FY24. For context, the company posted Rs 200 crore profits during FY24. The company went public in May this year, raising Rs 400 crore through a fresh issue and offering up to 12,508,797 equity shares for sale. As of August 13, TBO Tek is trading at Rs 1,632, with a total market capitalization of Rs 17,721 crore (around $2.1 billion).

EaseMyTrip post Rs 152 Cr revenue and Rs 34 Cr profit in Q1 FY25

EntrackrEntrackr · 11m ago
EaseMyTrip post Rs 152 Cr revenue and Rs 34 Cr profit in Q1 FY25
Medial

Online travel aggregator (OTA) platform EaseMyTrip announced its financial results on Tuesday for the quarter ending June 2024. The results show a marginal decline in scale and profit during Q1 FY25. EaseMyTrip’s operating revenue declined by 6.97% to Rs 152.6 crore in Q1 FY25 from Rs 164 crore in Q4 FY 24, as per its unaudited consolidated financial statements filed with the National Stock Exchange. Revenue from air ticketing accounted for 70% of the revenue whereas hotel packages formed 18.05% of the total collection. On a sequential basis, its revenue from operations increased by 23% as compared to Q1 FY24. To the tune of scale, its total expense decreased by 7.19% to Rs 109 crore in Q1 FY25 from Rs 117.48 crore in Q4 FY24. Service cost, payment gateway, employee benefit and advertisement costs were other major overheads for EaseMyTrip during the last quarter. The fall in collection also impacted EaseMyTrip’s profit which reduced 13.29% to Rs 33.92 crore in Q1 FY25 from Rs 39.12 crore in Q4 FY 25. The Delhi-based company spent Rs 0.71 to earn a rupee in Q1FY25. EaseMyTrip is currently trading at Rs 36.7 (as of 16.30 PM) with a total market capitalization of Rs 7,033 crore (approximately $847 million).

MapMyIndia posts Rs 140 Cr revenue in Q4 FY25, profit grows 29%

EntrackrEntrackr · 2m ago
MapMyIndia posts Rs 140 Cr revenue in Q4 FY25, profit grows 29%
Medial

MapMyIndia posts Rs 140 Cr revenue in Q4 FY25, profit grows 29% CE Info Systems, the parent company of MapMyIndia, has announced its financial results for the fourth quarter of FY25. The company reported a year-on-year revenue growth of over 34% compared to Q4 FY24. MapMyIndia’s revenue from operations increased to Rs 143 crore in Q4 FY25 from Rs 107 crore in Q4 FY24. Meanwhile, for the full fiscal year, revenue increased by 22% to Rs 463 crore in FY25 from Rs 379 crore in FY24, according to its consolidated quarterly report. Income from digital map data, GPS navigation, location-based services, and IoT was the primary source of revenue for MapMyIndia, accounting for 88% of the total collection. This revenue source increased by 51% to Rs 127 crore in Q4 FY25. However, income from the sale of its devices generated Rs 16.5 crore in revenue. The cost of IoT devices, employee benefits, and outsourced technical services were the major cost elements, pushing the total cost of the firm to Rs 90 crore in Q4 FY25, up from Rs 72 crore in Q4 FY24. On a fiscal basis, the total cost increased to Rs 306 crore in FY25. With the increase in scale, MapMyIndia recorded a 29% increase in its profit to Rs 49 crore during Q4 FY25, compared to Rs 38 crore in the fourth quarter of the previous fiscal year. Meanwhile, annual profit increased by 10% to Rs 148 crore in FY25, up from Rs 134 crore in FY24. At the end of the day on 9th May 2025, MapMyIndia closed at Rs 1,845 per share, with a market capitalization of Rs 10,040 crore ($1.17 billion).

Zomato crosses $25 Bn market cap with Rs 253 Cr profits in Q1FY25

EntrackrEntrackr · 11m ago
Zomato crosses $25 Bn market cap with Rs 253 Cr profits in Q1FY25
Medial

Foodtech and quick commerce platform Zomato on Thursday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The Gurugram-based company has reported around an 18.1% increase in revenue with a 44.6% growth in profits. Zomato’s revenue from operations grew to Rs 4,206 crore in Q1 FY25 as compared to Rs 3,562 crore in Q4 FY24, its consolidated financial results sourced from the National Stock Exchange (NSE) show. Zomato’s food and delivery biz accounted for 46.17% of the total collection in Q1 FY25 which grew 11.7% to Rs 1,942 crore in Q1 FY25. The revenue from Hyperpure supplies (B2B) and quick commerce vertical (Blinkit) grew 27.4% and 22.5% to Rs 1,212 crore and Rs 942 crore, respectively. Income from “going-out” and other non-operating income took Zomato Group’s overall revenue to Rs 4,442 crore in Q1 FY25. Being a food tech major, the cost for delivery and related charges formed 31.6% of the overall expenditure which increased 18.8% to Rs 1,328 crore in Q1 FY25. The firm’s spending on procurement, employee benefits, advertising, and marketing pushed its overall expenditure to Rs crore 4,203 in Q1FY25 from Rs 3,636 crore in Q4FY24. A stellar growth in scale allowed Zomato to record a 44.6% spike in its profits to Rs 253 crore in Q1 FY25 from Rs 175 crore in Q4 FY24. On a unit level, the company spent Rs 0.99 to earn a rupee in Q1 FY25. With the consistent gain in its market cap, the food tech firm also rewarded its employees with an additional ESOP plan of $458 million. Zomato’s initial public offering opened at Rs 115, a 51% increase from its price band of Rs 76. The company’s current share price is Rs 237.9 (as of 03.40 PM), with a total market capitalization of over $25 billion, which led to Deepinder Goyal becoming a billionaire last month.

Ixigo ends Q2 FY25 with Rs 206 Cr revenue and Rs 13 Cr PAT

EntrackrEntrackr · 8m ago
Ixigo ends Q2 FY25 with Rs 206 Cr revenue and Rs 13 Cr PAT
Medial

Online travel aggregator (OTA) Ixigo’s revenue from operations grew 26% to Rs 206.47 crore in Q2 FY25 as compared to the same quarter of FY24. The growth was steered by the flight and bus segment. The flight gross transaction value grew by 43% YoY, while the bus GTV increased by 46%. The company’s contribution margin also improved by 24% to Rs 91.08 crore in Q2 FY25, compared to Rs 73.67 crore in Q2 FY24, the company said in a stock exchange filing. However, the contribution margin as a percentage of revenue from operations slightly decreased from 45% in Q2 FY24 to 44% in Q2 FY25. The Gurugram-based company generated the majority (53.5%) of its operating revenue from train ticketing amounting to Rs 110.4 crore in Q1 FY25. Flight and bus booking services contributed 27% and 19.3% to the company’s coffers, respectively. The firm’s operating expenses rose in Q2 FY25, reflecting increased investments in growth. Employee expenses and marketing costs contributed to this spike, which was necessary to support the company’s expansion in user acquisition and market penetration. Despite the rise in costs, EBITDA saw a sharp increase of 655%, reaching Rs 22.4 crore in Q2 FY25, compared to Rs 2.96 crore in Q2 FY24. Adjusted EBITDA also jumped 326% to Rs 20.99 crore in Q2 FY25. Ixigo profit after tax (PAT) declined by 51%, from Rs 26.70 crore in Q2 FY24 to Rs 13.08 crore in Q2 FY25. This decline was primarily due to a deferred tax charge of Rs 5.26 crore in Q2 FY25.

Square Yards posts Rs 261 Cr revenue in Q1 FY25; projects Rs 1,500 Cr in FY25

EntrackrEntrackr · 10m ago
Square Yards posts Rs 261 Cr revenue in Q1 FY25; projects Rs 1,500 Cr in FY25
Medial

Proptech firm Square Yards has announced its results for the first quarter of the ongoing fiscal year. The Gurugram-based company saw a 52% increase in its revenue during Q1 FY25 compared to Q1 FY24. Square Yards’ revenue from operations surged to Rs 261 crore in Q1 FY25, with a gross transaction value of Rs 10,053 crore, compared to Rs 172 crore in revenue and a gross transaction value of Rs 6,674 crore in Q1 FY24, the company said in a press release. In the fiscal year ending March 2024, the company reported revenue of Rs 1,004 crore with EBITDA profitability. However, the net losses of Square Yards stood at Rs 216 crore FY24. Income from financial services along with real estate services formed 83% of the total operating revenue for Square Yards which increased 48% and 61% YoY respectively. The press release added that its digital services also saw an impressive growth of 145% in the same period. Square Yards is a full-stack proptech platform, playing the entire consumer journey including search, discovery, transactions, mortgages, home furnishing, rentals, and property management. The company claims to have more than 8 million monthly traffic and approximately $5 billion GTV with a presence in more than 100 cities across 9 countries. In the first quarter of the current fiscal year (Q1 FY25), Square Yards reported a gross profit of Rs 25 crore with a negative EBITDA margin of Rs 32 crore, compared to a gross profit of Rs 15 crore and a negative EBITDA margin of Rs 29 crore in Q1 FY24. The company has projected Rs 1,506 crore revenue in the full year of FY25 up from Rs 1,004 crore in FY24 with a positive EBITDA of Rs 101 crore.

Nazara acquires UK based Fusebox Games for $27.2 Mn

EntrackrEntrackr · 11m ago
Nazara acquires UK based Fusebox Games for $27.2 Mn
Medial

Gaming and sports media company Nazara Technologies has acquired Fusebox Games Limited, a UK-based gaming studio for Rs 228 crore ($27.2 million) in an all-cash transaction. Fusebox publishes an interactive story game ‘Love Island’ and is developing new games based on popular global TV IPs. In CY23, the company reported revenues of Rs 87.5 crore ($10.4 million) with an EBITDA of Rs 11.7 crore ($1.4 million). During CY24, Fusebox claims to have recorded a strong growth with year-to-date revenues (January- July 2024) at Rs 116.6 crore ($13.9 million) with an EBITDA of ~Rs 33.3 crore ($4 million). Fusebox primarily targets developed markets including the US, the UK, Australia, Canada, Switzerland, Sweden, Denmark, Norway, and New Zealand among others. The company has 30 employees primarily based in the UK. In March, Nazara announced that it has plans to invest $100 million towards mergers and acquisitions within the next 24 months. Since then, it has invested in Circle of Games, and acquired Kiddopia developer Paper Boat Apps. Through its subsidiaries, Nazara also acquired IP rights of Ultimate Teen Patti from Games24x7, and took over assets of Deltias Gaming. Nazara posted Rs 254.43 crore in total revenue with a profit of Rs 17.8 crore in Q1 FY25. For the fiscal year ending March 2024 (FY24), Nazara’s revenue from operations increased 4.3% to Rs 1,138 crore in FY24 from Rs 1,091 crore in FY23. The firm’s controlled cost and spike in other income helped it post a 23% growth in its profit to Rs 75 crore in FY24 from Rs 61 crore in the previous fiscal year. Earlier this year, the Nitish Mittersain-led firm raised Rs 250 crore ($30 million) from Zerodha’s co-founders-backed Kamath Associates & NKSquared, ICICI Securities, Plutus Wealth Management, and others.

Infibeam Avenue reports 43% growth in PAT in Q1 FY25

EntrackrEntrackr · 11m ago
Infibeam Avenue reports 43% growth in PAT in Q1 FY25
Medial

Fintech firm Infibeam Avenues on Friday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The company witnessed a 3.6% increase in gross revenue whereas its profit spiked 43% growth during the quarter ending June 2025. Infibeam Avenues’s gross revenue grew to Rs 753 crore in Q1 FY25 from Rs 727 crore in Q4 FY24, according to the company’s unaudited consolidated quarterly report filed with the National Stock Exchange. The payment business formed 93.6% of the total revenue which stood at Rs 705 crore in Q1 FY25 while the income from providing customized e-commerce solutions brought Rs 39.3 crore to its coffers. Infibeam claims to have over 10 million merchants, with an average daily addition of more than 2,550 merchants in Q1 FY25. At the end, its other operating and financial income pushed Infibeam Avenues’ overall revenue to Rs 781 crore in Q1 FY25 from Rs 743 crore in Q4 FY24. On the cost front, the operating expenses (including payment processing cost) formed 90% of the overall expenditure. This cost remained flat at Rs 634 crore in Q1 FY25. The firm’s spending on employee benefits, legal, and other overheads took its overall cost up by 3.5% to Rs 703 crore in Q1 FY25 from Rs 679 crore in Q4 FY24. The increase in other income and consistent growth in scale helped Infibeam to register a 42.9% spike in its profits to Rs 70 crore in Q1 FY25 from Rs 49 crore in Q4 FY24. On a unit level, The Ahmedabad-based company spent Rs 0.93 to earn rupee in Q1 FY25. The company also acquired a majority stake (54%) in Rediff.com. The acquired company will become a subsidiary of Infibeam Avenue. “With this synergy, we are poised to unlock new dimensions of growth, redefining the essence of cloud and fintech engagement,” said Vishal Mehta, Chairman and MD of Infibeam Avenues. Infibeam Avenue is currently trading at Rs 32.42 (as of 03.00 PM) and its total market capitalization stood at Rs 9,019 crore or $1.1 billion.

Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits

EntrackrEntrackr · 11m ago
Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits
Medial

Co-working solutions provider Awfis filed its first quarterly results after going IPO. The Delhi based company witnessed 10.9% revenue growth with the profits spiking 102.9% during the same period. Awfis’ revenue increased to Rs 258 crore in Q1 FY25 from Rs 232 crore in Q4 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Income from renting of co-working space and allied services contributed 72% of the firm’s total operating revenue while construction and fit-out projects contributed 26% . On a sequential basis, its operating revenue increased by 37.31% from Rs 187.7 crore in Q1 FY24. Awfis’ total expense increased by 10.57% to Rs 265.08 crore in Q1 FY25 from Rs 239.79 crore in Q4 FY24. Subcontracting cost and purchase of traded goods accounted for 24% of the total expense. Employee benefit, depreciation and amortization and finance costs were some other major expenses for the 10-year-old company. The consistent growth in scale helped Awfis to double its profit which stood at Rs 2.78 crore in Q1 FY25 as compared to Rs 1.37 crore in Q4 FY24. For context, Awfis posted a loss of Rs 8.3 crore in Q1 FY24. Awfis is currently trading at Rs 669.7 (as at the end of August 13) with the market capitalization of Rs 4648 crore (approximately $560 million).

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