Nazara Technologies shines despite reporting 98% fall in Q4 consolidated net profit
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Nazara Technologies is currently trading at Rs. 637.55, up by 23.00 points or 3.74% from its previous closing of Rs. 614.55 on the BSE.
The scrip opened at Rs. 590.85 and has touched a high and low of Rs. 641.95 and Rs. 590.85 respectively. So far 5029107 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 989.55 on 15-Jan-2024 and a 52 week low of Rs. 601.00 on 13-May-2024.
Last one week high and low of the scrip stood at Rs. 641.95 and Rs. 590.85 respectively. The current market cap of the company is Rs. 4873.41 crore.
The promoters holding in the company stood at 16.43%, while Institutions and Non-Institutions held 26.24% and 57.32% respectively.
Nazara Technologies has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported net loss at Rs 105.35 crore for the quarter under review as compared to net loss of Rs 12.00 crore for the same quarter in the previous year. However, total income of the company increased by 110.59% at Rs 24.07 crore for Q4FY24 as compared Rs 11.43 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 98.08% fall in its net profit at Rs 0.18 crore for fourth quarter ended March 31, 2024 as compared to Rs 9.37 crore for the same quarter in the previous year. However, total income of the company increased by 2.15% at Rs 303.90 crore for Q4FY24 as compared Rs 297.50 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported net loss at Rs 97.50 crore as compared to net loss of Rs 23.95 crore for the previous year. However, total income of the company increased by 36.53% at Rs 67.87 crore for year under review as compared to Rs 49.71 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 21.78% rise in its net profit at Rs 74.75 crore as compared to Rs 61.38 crore for the previous year. Total income of the company increased by 6.79% at Rs 1217.91 crore for year under review as compared to Rs 1140.50 crore for year ended March 31, 2023.
