*Nazara Technologies Ltd.* | *CMP* Rs. 2646 | *M Cap* Rs. 8058 Cr | *52 W H/L* 3356/1413
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 129.6 Cr (-1.2% QoQ, 17.8% YoY) vs expectation of Rs. 139.3 Cr, QoQ Rs. 131.2 Cr, YoY Rs. 110 Cr
EBIDTA came at Rs. 19.5 Cr (-22.9% QoQ, 0% YoY) vs expectation of Rs. 23 Cr, QoQ Rs. 25.3 Cr, YoY Rs. 19.5 Cr
EBITDA Margin came at 15% vs expectation of 16.5%, QoQ 19.3%, YoY 17.7%
Adj. PAT came at Rs. 10.1 Cr vs expectation of Rs. 7.4 Cr, QoQ Rs. 5.3 Cr, YoY Rs. 13.2 Cr
Quarter EPS is Rs. 3.3
Share is trading at P/E of 119x FY23E EPS