Overview
- Operating revenue reached INR 526.5 crore, up about 65% year on year, with EBITDA rising to INR 62 crore as mobile gaming franchises led growth.
- The company reported a consolidated net loss of INR 33.9 crore versus a profit a year earlier, and a standalone net loss of INR 966.95 crore reflecting the impairment.
- Nazara cut the carrying value of its Moonshine/PokerBaazi investment to about INR 96.5 crore after recognizing a INR 914.7 crore reduction.
- After reducing its stake below 50%, Nazara reclassified Nodwin Gaming as an associate and recorded a one-time fair-value gain on the retained stake.
- Nazara and group entities received GST show-cause notices exceeding INR 1,000 crore over the 28% levy on player deposits, which the company has challenged in court.