Nazara Technologies Latest Update

The Estate of Late Rakesh Jhunjhunwala has fully exited Nazara Technologies, selling its 5.07% stake between June 9th and June 13th, 2025. This strategic divestment reportedly yielded approximately ₹770 crore for the estate, signifying a significant return on the initial investment. Following this news, Nazara's shares surged, reaching a 52-week high. Nazara has continued its acquisition spree, notably completing the acquisition of UK-based video game publisher Curve Digital Entertainment Ltd (Curve Games) for ₹247 crore on June 11, 2025. This move aims to strengthen Nazara's presence in the PC and console gaming market. Additionally, Nazara has received a Letter of Intent for the acquisition of Smaaash Entertainment, an entertainment company currently undergoing insolvency. In terms of financial performance, Nazara reported a robust Q4 FY25 with a 90% year-on-year (YoY) jump in consolidated net profit to ₹16 crore and a 95% YoY revenue growth to ₹520 crore. For the full FY25, the company achieved its highest-ever EBITDA of ₹153.5 crore on revenues of ₹1,624 crore. While Q4 FY25 showed strong YoY growth, there was a quarter-on-quarter dip in both net profit and revenue.