Nazara swings to ₹79.9 crore Q1 loss as revenue falls 14%
Nazara Technologies reported Q1 revenue of ₹429 crore and EBITDA of ₹24.7 crore, with margin narrowing to 5.8%. Shares fell 2.2% after the results; its board will consider a preferential equity or convertible-securities fundraise on August 6.
Nazara Technologies reported a Q1 consolidated loss of Rs 79.9 crore as revenue fell 14% and EBITDA declined 48%. Shares dropped 2.2%. Its board will consider a preferential equity or convertible-securities fundraise on August 6.
Why this matters
The result extends Nazara’s recent run of Q1-loss signals, including reports of an ₹82.5 crore loss, a 14% operating-revenue decline and Nitish Mittersain’s planned move to managing director.
Retail-company signals are accelerating, up 199471% QoQ.