Nazara Technologies Q1 Review - Result Beat, Profitability Sees Sharp Uptick: Dolat Capital
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Dolat Capital Report
Nazara Technologies Ltd. reported revenue growth of 6.3% QoQ (our estimate: 12.3%).
The miss was led by slower traction in Gamified learning business (up 2.9% QoQ versus estimate of 59.0%) and Nodwin business (up 4.3% QoQ versus estimate of 22.2%).
The performance of other businesses of Nazara Technologies was better than estimates: Telco: 0.4% / Freemium: 33.9% / Sportskeeda: 26.0% / real-money gaming: 8.5%. (QoQ growth).
Operating profit margin improved to 12.9% (our estimate: 10.7%) due to better profitability across business segments.
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