Nazara Technologies’ stock perked up about 5% in morning trade after the company posted a strong set of numbers for the September quarter, even though the bottom line slipped into the red.
In the consolidated Q2 print, revenue came in at ₹526 crore, which is up 65.1% compared with ₹319 crore a year earlier. The company’s operating performance also improved, with EBITDA rising to ₹59.8 crore from ₹25.1 crore. That pushed the margin up to 11.4%, a notable jump from 7.9% last year.
However, despite the solid top-line and operating gains, Nazara reported a net loss of ₹29.4 crore for the quarter, against a profit of ₹23.8 crore in the same period last year.
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