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Nazara claims 84% YoY Revenue Growth in FY21 in its Unaudited Report

After a stellar IPO debut, Nazara has reported an impressive consolidated revenue of 4,542 Mn INR in FY21, which the Mumbai-based company claimed that this is an 84% YOY growth over FY20’s consolidated revenue of 2,475 Mn INR. However, the company has categorically stated that these SEBI complied figures are part of its unaudited report.

In this report, Nazara hasn’t disclosed any details about its net profit, cash flow and other important financial metrics.

In its unaudited report, the company has claimed that gamified learning and Esports segments have been the biggest contributor to its revenue in FY21.  Below is the segment and category-wise growth data shared by the company.

The Rakesh jhunjhunwala backed firm claimed that gamified learning platform Kiddopia boosts 340,282 paying subscribers as of March 2021, an 172% increase in number of paying subscribers as compared to the last financial year. The company’s Esports brands Sportskeeda and Nodwin also continued its strong growth momentum in FY21. As per the data shared by the company, Sportskeeda recorded 487% growth in MAU in FY21  and during the peak cricket season (October)  it clocked 68.44 Mn MAU, up from 10.53 Mn MAU in April 2020.

However, the company reported that its traditional telecom operator-driven subscription business has declined by 8% in FY21.

Nazara’s impressive IPO debut last month has set the ball rolling for several IPO bounds startups that are planning for public listing this year. The Rakesh jhunjhunwala backed company made a debut on the Dalaal Street’s browser with a nearly 80% premium over its pre-allotted IPO price. The company’s IPO got oversubscribed by more than 175 times.

The market’s thundering response to Nazara’s IPO was on the expected lines, with the company boasting strong revenue model and consistent growth trajectory over the years as well as strong portfolio of intellectual rights. Other conducive factors are also expected to augur well for the company’s long-term growth.

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