Saturday, October 11, 2025

Nazara Tech Q1 profit more than doubles; Board approves stock split, bonus issue

Date:

Nazara Technologies Ltd reported a consolidated net profit of ₹51.34 crore for the quarter ended 30 June 2025, more than double the ₹23.6 crore recorded in the same period last year.Revenue surged 99.5% year-on-year to ₹498.7 crore from ₹250 crore, driven by robust performance across its gaming and digital platforms.

EBITDA rose 87.4% to ₹47.2 crore from ₹25.2 crore, while margins stood at 9.5% versus 10% a year ago.Alongside the results, the Board approved several corporate actions, subject to shareholder approval via postal ballot. The authorised share capital will be increased from ₹50 crore to ₹80 crore, with corresponding amendments to the company’s Memorandum of Association.The company will also undertake a stock split, sub-dividing each existing equity share with a face value of ₹4 into two shares of ₹2 each, followed by a 1:1 bonus issue, granting one ₹2 bonus share for every ₹2 share held. The record date for the bonus issue will be announced separately.Nazara said the measures aim to enhance liquidity and attract greater retail investor participation.Also Read: PI Industries Q1 results: Profit down 11% YoY, misses estimates; margin steadyIn boardroom changes, Rohit Sharma was appointed Whole-time Director and Executive Director for a five-year term from 13 August 2025, bringing extensive experience in gaming and digital media. Meanwhile, Rajiv Agarwal resigned as Non-Executive Non-Independent Director, citing increased professional commitments. The Board expressed gratitude for his contributions.First Published: Aug 12, 2025 7:14 PM IST

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

7.4 earthquake strikes southern Philippines, damages buildings, prompts tsunami evacuations

A 7.4-magnitude earthquake struck off southern Philippines, killing at...

Access Denied

Access Denied You don't have permission to access "...

Govt Aims To Boost Domestic Pulses Output To 350 Lakh Tonnes By 2030–31 | Economy News

नई दिल्ली: प्रधान मंत्री नरेंद्र मोदी ने शनिवार को...

Gold is India’s true wealth multiplier, says Enam’s Sridhar Sivaram

Sridhar Sivaram, Investment Director at Enam Holdings, shared his...