The global gaming ecosystem is set to benefit from the rising penetration of smartphones, availability of high speed data internet and the evolution of digital payment
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PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Gaming company Nazara’s Q2 FY22 results reflect gains from favourable consumer demand supported by continued innovation and market expansion efforts. The business is performing impressively and the management is undertaking several strategic initiatives to enhance its brand portfolio. Quarterly result highlights Nazara’s Q2 revenues jumped 18 percent YoY (year-on-year) largely aided by a strong performance in the eSports and the Gamified early learning segment. For the quarter, the company has reported revenues of Rs 130 crore, with an operating margin of 15…
