🎮 Nazara Hits ₹1,624 Cr Revenue in FY25 — But PAT Only ₹62.5 Cr. India’s Gaming Giant or Just Playing Level 1?

📌 At a Glance
Nazara Technologies Ltd (CMP ₹1,270) has just posted its highest-ever revenue at ₹1,624 Cr and record EBITDA of ₹153.5 Cr in FY25. That’s a 9.4% margin — not exactly a cheat code, but impressive for a gaming company juggling offline arcades (Smaaash), kiddie apps (Kiddopia), and global IP (Fusebox). But here’s the catch: PAT was just ₹62.5 Cr — barely a 3.8% net margin. So is Nazara India’s Nvidia of Gaming, or just your neighbourhood cyber café with a better logo?

🕹️ About the Company

Nazara is India’s only listed gaming company, with a growing global footprint. Its properties include:

• Kiddopia – Learning app for kids
• Fusebox Games – Love Island & Big Brother IP
• Sportskeeda – Sports content & trivia
• Animal Jam – Popular global kids’ MMO
• Smaaash + Funky Monkeys – IRL gaming cafes/arenas
• PokerBaazi (Investment) – Real-money skill gaming
• Datawrkz – AdTech play to boost monetization

Basically, if it makes kids scream, teens spend, and adults gamble — Nazara probably owns a stake in it.

🧑💼 Key Management

• Nitish Mittersain – Jt. MD & CEO
• Arun Bhandari – Company Secretary
• Sharmilee Daru – Media PR contact (also probably playing Candy Crush while on call)

📊 FY25 Financials Snapshot

So yes — Nazara made money. Not just “DAU growth” money. But actual, taxable, “buy samosa” money.

🎯 Q4