Latest news with #NazaraTechnologies
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Business Standard
5 days ago
- Business
- Business Standard
Nazara launches Pokerverse VR, enters immersive gaming with poker
Nazara Technologies, India's only listed gaming entity, has debuted into virtual reality (VR) and multiverse gaming after it rolled out an immersive multiplayer game of poker for headsets such as Meta Quest and Apple Vision Pro. The game, known as Pokerverse VR, is available to play globally. It was developed by Hyderabad-based studio YesGnome and published by Nazara Publishing. 'Featuring real-time multiplayer, natural VR controls, and AR/VR flexibility, it allows players to step into a futuristic poker lounge or bring the game into their real-world environment,' Nazara said in a statement. The VR modes enable players to choose between full virtual environments or augmented overlays in a player's real space. 'As platforms like Apple Vision Pro and Meta Quest gain traction, we see exciting possibilities in this space. We're actively exploring future titles with developers who want to build for the next era of gaming,' said Nitish Mittersain, Joint Managing Director (MD) and Chief Executive Officer (CEO), Nazara Technologies. Controls can be influenced via gesture-based interactions in the VR space to check, call or peek at one's cards. 'We wanted to reimagine poker as an immersive, social experience that felt tactile, intuitive and global from day one,' said Sridhar Muppidi, Founder of YesGnome. Nazara Publishing is a game publishing division of Nazara Technologies. It aims to support Indian and global game developers by providing resources, expertise and a strong network to bring gaming experiences to a wider audience, the company said in a statement. 'While no additional VR titles have been announced yet, the company is actively scouting high-potential projects for future collaboration,' it added. Nazara Technologies reported a consolidated net profit of ₹4.07 crore for the fourth quarter of FY25 (Q4FY25), a significant rise from ₹18 lakh in Q4FY24. However, the company recorded a loss of ₹9.79 crore from discontinued operations during the quarter, which weighed on overall profitability. Sequentially, net profit narrowed from ₹8.85 crore in Q3FY25. For the full year, Nazara's FY25 net profit contracted 31.82 per cent to ₹50.96 crore, down from ₹74.75 crore in FY24. The company's revenue from operations surged 95.40 per cent year-on-year to ₹520.2 crore in Q4FY25, up from ₹266.21 crore in the same period last year. Sequentially, revenue declined 2.7 per cent from ₹534.69 crore in Q3FY25.
Business Upturn
6 days ago
- Business
- Business Upturn
Nazara Technologies launches Pokerverse VR on Meta Quest and Apple Vision Pro
By Aman Shukla Published on June 16, 2025, 11:42 IST Nazara Technologies has made its foray into the world of Virtual Reality (VR) and Metaverse gaming with the global launch of Pokerverse VR , a cutting-edge multiplayer poker game. Developed by Hyderabad-based studio YesGnome and published under Nazara Publishing, the game is now available on the Meta Quest Store and Apple Vision Pro App Store. Pokerverse VR offers players a deeply immersive, free-to-play experience that blends entertainment, social interaction, and skill-building in a futuristic poker lounge. It also provides the flexibility to switch between Augmented Reality (AR) and full VR environments, allowing users to play in virtual poker rooms or overlay the game into their real-world surroundings. The game leverages gesture-based VR controls for natural interactions like peeking at cards or making bets, and features real-time multiplayer gameplay that connects users across the globe. For solo players, smart AI bots offer challenging practice sessions. The game includes a detailed progression system, custom betting controls, a floating in-game menu, and daily chip rewards to keep players engaged. This launch also marks the debut of Nazara Publishing, a new division under Nazara Technologies focused on empowering Indian game developers. The publishing arm aims to support emerging platforms such as VR and AR by offering resources, expertise, and access to a broader market. With Pokerverse VR , Nazara Technologies signals its commitment to exploring next-generation gaming formats. While the company has not announced additional VR titles yet, it is actively seeking high-potential gaming projects for future collaborations in the immersive tech space. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
6 days ago
- Business
- Economic Times
Nazara Tech in focus as Rekha Jhunjhunwala sells entire stake amid stock surge
Nazara Technologies shares will be in focus on Monday after ace investor Rekha Jhunjhunwala exited the company, selling her remaining stake as the stock approached a four-year high. On Friday, June 13, she offloaded more than 3% of her holdings through bulk deals on both the BSE and NSE. ADVERTISEMENT As per exchange data, Jhunjhunwala sold 13 lakh shares on the BSE at an average price of Rs 1,225.19 and another 14 lakh shares on the NSE at Rs 1,225.63. The combined deal value stood at approximately Rs 334 crore. The identity of the buyers was not immediately known. Following this transaction, Jhunjhunwala's stake in the gaming and sports media company has reduced to zero, according to bulk deal disclosures. Also Read: These 11 Nifty microcap stocks can rally 55-210% in the next 12 monthsEarlier, between June 2 and June 6, she had sold 17.38 lakh shares for an estimated Rs 218 crore. Overall, her holding has come down from over 10% in June 2022 to nil. Other prominent investors in Nazara Technologies include Madhusudan Kela and Nikhil Kamath. As of March 2025, Kela holds a 1.3% stake, while Zerodha co-founder Nikhil Kamath owns 3.72% through his firms—Kamath Associates and NKSquared. ADVERTISEMENT Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside In Q4FY25, Nazara Technologies reported a 95% year-on-year jump in operating revenue to Rs 520.2 crore. Net profit stood at Rs 4 crore, up from Rs 0.18 crore in the same quarter last year. However, total expenses also surged 85% YoY to Rs 527.7 crore, largely due to a threefold increase in advertising costs and a sharp rise in employee benefits. The esports division was the top contributor, posting 47% YoY growth. Gaming revenue rose 72% to Rs 156.4 crore, and the adtech business also reported gains. ADVERTISEMENT For the full year, operating revenue grew 42.6% to Rs 1,623.9 crore. However, net profit declined 31.8% to Rs 50.9 crore. EBITDA for the year reached a record Rs 153.5 crore. According to Trendlyne, the average target price for Nazara Technologies is Rs 1,093, suggesting a potential downside of nearly 18% from current levels. Of the 11 analysts covering the stock, the majority have a 'Hold' rating. ADVERTISEMENT The stock has gained 42% in the last three months and is up 90% over the past two years. Nazara's current market capitalisation stands at Rs 11,634 crore. Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
13-06-2025
- Business
- Time of India
Rakesh Jhunjhunwala family fully exits Nazara Technologies
BENGALURU: The family of late investor Rakesh Jhunjhunwala has fully exited its stake in Nazara Technologies through open market transactions on Friday.. According to stock exchange disclosures, Rekha Rakesh Jhunjhunwala, executor to the estate of late Rakesh Jhunjunwala, sold 27.2 lakh shares, worth Rs 333.8 crore, through bulk deals in the open market executed on both the NSE and BSE. Tired of too many ads? go ad free now Prior to that, the estate sold 17.2 lakh shares of the company stock through June 9th to 12th. With the deals combined, the Jhunjhunwala family no longer holds any stake in the gaming and esports firm. Nazara Technologies, which went public in March 2021, operates across multiple segments including mobile gaming, esports, and gamified learning. The company has expanded its presence beyond India into markets such as North America, the Middle East, and Africa. Jhunjhunwala, who passed away in August 2022, had built a significant position in Nazara Technologies post-IPO. Jhunjhunwala had first put Rs 180 crore in the Mumbai-based company in 2017. Nazara Technologies has completed multiple acquisitions in 2025 so far. In January, it acquired two mobile game titles from ZeptoLab for $7.7 million. In May, it acquired UK-based game publisher Curve Games for Rs 247 crore. During the same month, its subsidiary Sportskeeda acquired two wrestling news platforms from Titan Insider Digital in an all-cash transaction valued at Rs 10.5 crore.
Time of India
13-06-2025
- Business
- Time of India
Scoda Tubes block deal: Morgan Stanley sell shares worth Rs 7.6 crore in this smallcap stock
Morgan Stanley on Friday sold 4.2 lakh shares worth Rs 7.6 crore in smallcap counter Scoda Tubes via a block deal. The shares were sold by its subsidiary Morgan Stanley Asia Singapore Pte at a price of Rs 181.42 a piece which was at a discount of 2.5% from the Thursday closing price of Rs 186.11. The stock today ended the session at Rs 179.50 on the NSE, down by Rs 6.61 or 3.55% as bears ruled the D-Street after Israel launched attacks against military and nuclear sites in Iran, which left key military commanders and nuclear scientists dead while stoking fears of a full-blown war in the region. Scoda Tubes has business interests in stainless steel pipes and tubes manufacturing. The company offers seamless & welded stainless steel solutions for a global market. Scoda Tubes shares have outperformed Nifty, delivering returns of 28% over a 1-year period versus Nifty's returns of 6% in the same period. Over the last one month, the stock has given returns of 28% versus a 0.4% decline seen by the 50-stock index. Over 30 companies witnessed block deals today some of the prominent names include Nazara Technologies , Remedium Lifecare , Orient Tradelink , Modison and Enbee Trade Finance. Live Events Ace investor Rakesh Jhunjhunwala linked entity on Friday sold 13 lakh shares worth Rs 159 crore of Nazara Technologies via a block deal. The entity called 'Estate of Late Mr. Rakesh Jhunjhunwala offloaded shares at a price of Rs 1,225.19 a piece which was at a 2% discount over the Thursday closing price of Rs 1,246.80. Shares of Nazara Technologies ended at Rs 1,325 on the NSE, gaining by Rs 78.20 or 6.27%. The gaming stock hit a fresh 52-week high of Rs 1,341.80 today. This smallcap company with a market capitalisation of Rs 11,609 operates in three verticals viz. gaming, esports and ad-tech. ETMarkets WhatsApp channel )
