Rakesh Jhunjhunwala-backed Nazara Tech’s revenue rises to Rs454cr in FY21, EBITDA skyrockets 470% yoy

Nazara Technologies has delivered consolidated revenue of Rs454.2cr (unaudited) in FY21 which is an 84% rise over FY20 (Rs247.5cr). Also, EBITDA including share of non-controlling interest for FY21 has witnessed 470% growth over FY20.

The Rakesh Jhunjhunwala-backed mobile gaming company said that “Gamified learning and Esports segments have not only demonstrated strong growth momentum in FY21 but have also laid the foundation for predictable growth on account of proven user engagement and retention KPIs in gamified learning and multiyear media licensing and game publisher agreements in case of Esports.”

Further, the company said, “As Nazara is operating in high growth business segments such as gaming, gamified learning and Esports, we will continue to drive profitable growth while prioritizing growth over profit maximization at this stage so that we can achieve and maintain market leadership in the segments we operate in.”

Nazara is an India based, diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America. As of March 31, 2021, Nazara has diverse business segments with revenue generation happening across gamified learning, Esports, freemium and telco subscription.

On Sensex, Nazara closed at Rs1690.30 per piece up by Rs81.20 or 5.05%. 

#Rakesh #Jhunjhunwalabacked #Nazara #Techs #revenue #rises #Rs454cr #FY21 #EBITDA #skyrockets #yoy

( With inputs from indiainfoline)