Nazara Technologies shares fall 4% after Q3 profit slumps 35% to Rs 9 crore

Nazara Technologies' shares dipped after reporting a 24% YoY decline in Q3 operating revenue to Rs 405.9 crore, primarily due to the deconsolidation of Nodwin Gaming. Despite this, the company returned to sequential profitability with an Rs 8.8 crore net profit. Strong nine-month performance and growth in Kiddopia and IP expansion were also noted.