Nazara Tech slips into Rs 82.5 Cr loss in Q1; Nitish Mittersain steps down as CEO

Gaming and sports media platform Nazara Technologies has reported a consolidated net loss of Rs 82.47 crore for the first quarter ended 30 June. The consolidated net loss was primarily driven by a share of loss from associates amounting to Rs 62.41 crore and an impairment loss of Rs 21.81 crore related to its balance investment in associates that were in the Real Money Gaming business. The company had posted a consolidated net profit of Rs 51.34 crore in the corresponding quarter of the previous