External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We increase our top-line estimates by ~12% over next 2 years to accommodate the change in revenue recognition policy of Space &amp; Time (Ad-Tech subsidiary).</li><li>However, our PAT estimates have been revised downwards by 15%/7% in FY26E/FY27E as we re-align our growth &amp; profitability assumptions for Nodwin.</li><li>Nazara reported a revenue beat of 32% as the new policy of Space &amp; Time recognized revenues on either gross or net basis depending on client agreements.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We increase our top-line estimates by ~12% over next 2 years to accommodate the change in revenue recognition policy of Space &amp; Time (Ad-Tech subsidiary).However, our PAT estimates have been revised downwards by 15%/7% in FY26E/FY27E as we re-align our growth &amp; profitability assumptions for Nodwin.Nazara reported a revenue beat of 32% as the new policy of Space &amp; Time recognized revenues on either gross or net basis depending on client agreements.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nazara Technologies (NAZARA IN) - Well Poised for Strong Growth Ahead