Nazara Tech Q2 net profit soars to ₹885 cr on one-time gain, revenue up 65% YOY

Nazara Technologies Ltd reported a massive jump in net profit to ₹885 crore for the September quarter (Q2 FY26), compared with ₹16 crore a year earlier — driven primarily by a one-time gain from the revaluation

of its stake in Nodwin Gaming following de-subsidiarisation.

Revenue from operations surged 65% year-on-year to ₹526.5 crore, led by strong growth in its gaming and e-sports verticals. EBITDA more than doubled to ₹60 crore from ₹25 crore last year, with operating margins improving to 11.4% from 8% in the same period.

The company said it reclassified its investment in Nodwin Gaming as an associate after its stake fell below 50%, triggering a fair-value remeasurement gain of ₹1,098 crore under Ind AS 110. Meanwhile, the recent Gaming Regulation Act, 2025, which bans online real-money games, led Nazara to record a full impairment of its ₹915 crore investment in Moonshine Technologies (PokerBaazi) due to the cessation of its business operations.

Earlier in the day, its subsidiary, Absolute Sports Pvt. Ltd., which operates Sportskeeda and Pro Football Network, announced entry into the fast-growing sport of pickleball by acquiring the Mumbai franchise in the inaugural Indian Pickleball League, backed by The Times Group.

The company said the new venture aligns with its strategy to strengthen its presence across emerging sports ecosystems and deepen fan engagement through digital and on-ground sporting experiences.

Shares of Nazara Technologies Ltd ended higher on Wednesday, November 12, by 0.43% at ₹257.50 on the NSE.

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