New policy won't have any major financial impact on our performance: Nitish Mittersain, Nazara Tech

economictimes.indiatimes.com:

«Basis this new policy, there will be some impact and I am sure our teams, as well as the industry will work very closely to mitigate as much impact as we can over here,» says Nitish Mittersain, Nazara Tech.You have clarified that it us about 5.2% of your overall revenue on skill based gaming. So take us through the impact on Nazara. As you know, this has just been announced yesterday. And it us a bit early for us to be able to define impact on our skill based real money gaming business.

But it is important to understand that Nazara is a very well diversified business. We are diversified on three different areas; one is in terms of the different products that we have and the different business models and also the different geographies that we work in. So I think Nazara continues to be a very stable gaming platform that we have built over the years.

The skill based real money gaming business contributed to 5.2% of our FY23 revenues. Basis this new policy, there will be some impact and I am sure our teams, as well as the industry will work very closely to mitigate as much impact as we can over here. But from an overall Nazara perspective, I think we can easily take this in our stride without any major financial impact on our performance.I understand that you would be a little close to your earnings but just adjusting for this 5.25% hit what kind of earnings can we expect on an overall basis, in terms of your revenues for the full year?Again, firstly, we have not given out annual earnings guidance we usually do it in September, like we have done every year after our IPO.

And I think we will have to see how this impact on this 5% of our business plays out. It is still, to be honest, very early to predict it. Probably the