Nazara Q2 revenue rises 52.6%, but six-month result turns to loss

Revenue growth above 20%EBITDA margin expansionResults View source PDF Explain this filing

NAZARA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.1%Reaction day

₹402.40

prior close

₹400.25

announcement price

After-mkt

timing

Nifty Microcap 250market+1.7%-1.8% vs market

Entertainment peers, median of 53sector · industry level+1.6%-1.7% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.7 pts less than its Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-2.2

15m

-0.9

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+1.7-1.8+1.6-1.7

Next day

-0.6+1.8-2.4+1.2-1.9

+1.9+2.5-0.6+2.0-0.1

-0.9-0.1-0.9+1.1-2.0

+0.3+1.4-1.0+1.7-1.4

-0.9+1.6-2.5+1.0-1.9

+3.8+5.0-1.2+3.7+0.1

15d

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UpDownMarket · Nifty Microcap 250Sector · Entertainment peers, median of 53Pending

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AI summary

The board approved unaudited Q2 and six-month results ended 30 September 2026. Consolidated September-quarter revenue rose 52.6% to Rs 803.15 crore from Rs 526.46 crore. Six-month revenue rose 20.2% to Rs 1,231.92 crore, but the company reported a Rs 39.88 crore loss after tax versus Rs 14.92 crore profit a year earlier. The filing notes major Halaplay and Moonshine write-offs and a Rs 26.68 crore quarterly intangible impairment.

Likely market impact

Revenue growth is positive, but the loss and sizable impairments may pressure sentiment, despite the auditor finding no material misstatement.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹803.2 Cr	₹526.5 Cr	+52.6%
Operating profit	₹35.53 Cr	−₹7.79 Cr	turned positive
Profit after tax	₹35.36 Cr	−₹33.93 Cr	turned positive
EBITDA margin	14.1%	-162.4%	+176.4 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.