Nazara Q2 FY26: Rs 91,470 lakh impairment on Moonshine after gaming ban

Exceptional itemNet loss reportedRevenue growth above 20%Going-concern doubtContingent liabilities increasedResults View source PDF Explain this filing

NAZARA · price

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Price reactionminutes from the announcement price · days from the prior close

+4.9%Reaction day

₹257.50

prior close

₹270.00

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+4.9% vs market

Entertainment peers, median of 50sector · industry level-0.4%+5.2% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 5.2 pts more than its Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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AI summary

Nazara reported Q2 FY26 revenue of Rs 52,646 lakhs (up 67% YoY) and H1 revenue of Rs 1,02,523 lakhs (up 80%). Board approved a one-time Rs 91,470 lakh impairment on Moonshine Technologies investment after the Online Gaming Act 2025 banned real-money gaming, causing a Q2 consolidated net loss of Rs 3,393 lakhs. Also approved a Rs 27 crore Rusk Media investment and new ESOP scheme.

Likely market impact

One-time impairment pressure; revenue grew 67% YoY. GST demand overhangs of about Rs 11,871 crores may weigh on stock sentiment.