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Nazara Technologies share price & results

Nazara Technologies Limited· Media, Entertainment & Publication· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Oct 2026

India's only listed gaming company; mobile, PC/console & offline gaming IPs plus sports-media, adtech units.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue18.7 ₹ crore+3.9% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin-69.2 %+39.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit0.37 ₹ crore—Quarterly, as filedQuarter to Sept 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity0.37 %+28.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin1.97 %+7.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-2.12 %−30.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

5 of 7 judged targets kept · 7 open · verdicts reflect calls analysed to Q1 FY27.

Nazara Technologies Limited management guidance track record on Inve: 14 targets tracked across analysed earnings calls (5 achieved, 2 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
PokerBaazi ProfitabilityIn FY27 we should [deliver profitability for PokerBaazi], but it depends on our market positioning at that point of time.
Call transcript, Q1 FY26 · 13 Aug 2025		Q1 FY26Q1 FY27:The company confirmed a complete write-off of the remnant values related to the Moonshine (PokerBaazi) transaction, making the profitability promise for FY27 impossible to achieve.
Call transcript, Q1 FY27 · 4 Aug 2026		Missed
Pro Forma EBITDAon a pro forma basis, if you combine these two, then obviously our EBITDA - at the least - would double.
Call transcript, Q4 FY26 · 13 May 2026		Q4 FY26Q1 FY27:Pro-forma Q1 FY27 EBITDA (Nazara + Bluetile) was INR 101 cr. Annualized, this is INR 404 cr, below the target of doubling FY26's INR 255 cr EBITDA. Management attributes lower margins to a strategic increase in profitable user acquisition spend.
Call transcript, Q1 FY27 · 4 Aug 2026		At Risk
ProfitabilityFY '26 is poised to be a year of acceleration with increased contribution from high-margin gaming business, expecting to further strengthen our profitability.
Call transcript, Q4 FY25 · 26 May 2025		Q4 FY25Q4 FY26:FY26 EBITDA grew 66% YoY to INR 255 crores. EBITDA margin expanded to 13.9%. Gaming contribution to EBITDA increased from 56% to 90%.
Call transcript, Q4 FY26 · 13 May 2026		Achieved

Source: Inve Guidance Tracker for Nazara Technologies Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Nazara Technologies Limited's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.

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Price

₹400.25 −0.47% · −₹1.9

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +49.1% 1Y

₹250₹300₹350₹400Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 4 Feb 2026Q4 FY26 — 13 May 2026Q1 FY27 — 4 Aug 2026

1Y: ₹268.4 on 24 Oct 2025 → ₹400.25. High ₹418.15 (16 Oct 2026), low ₹217.65 (23 Mar 2026).

Previous close
₹402.15
Market cap
₹16.4k Cr
52-week range
₹217.65 – ₹418.15
One year
+51.35%
Price to earnings (FY ending Mar 2026)
16.86×
Return on equity (TTM to Sept 2026)
0.37%

Overview

Symbol
NSE:NAZARA
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Nazara Technologies Limited does

Based on the company's own presentations, annual report and earnings calls.

Nazara Technologies builds and operates a portfolio of gaming intellectual property across mobile, PC/console and offline (physical entertainment centre) formats, alongside adjacent sports-media and adtech businesses. Its mobile titles (e.g. Kiddopia, Animal Jam, Love Island, World Cricket Championship) monetise through subscriptions, in-app purchases and advertising, while PC/console titles (e.g. Human Fall Flat, Wobbly Life) are sold as paid games. Offline gaming is run through indoor soft-play/entertainment centres (Funky Monkeys, Smaaash) that earn entry-ticketing and event/party revenue. Sportskeeda (US sports-content site network) and the Datawrkz/Space & Time adtech business generate revenue from digital advertising and programmatic ad-tech services; NODWIN Gaming (esports live events and content) is held as an associate.

Segments

  • Gaming
  • Others
Gaming IPs owned/operated
40+
Human Fall Flat lifetime units sold
58 million (since launch, crossed in FY26)
Kiddopia paying subscribers
220,362 (Q4FY26)
Funky Monkeys indoor gaming centres
20 (end of Q4FY26, across Mumbai, Bangalore, Hyderabad, Surat)
Sportskeeda average monthly active users
~74 million (H2 FY25), top-10 ranked US sports news site
Office presence
India, US, UK, UAE, Singapore, Mauritius
Founded 1999Headquarters Mumbai, India Company website

How the price took the results

close before → close after

Q1 FY27
+2.9%
4 Aug
Q4 FY26
+1.4%
13 May
Q3 FY26
−2.0%
4 Feb
Q2 FY26
+6.0%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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