Nazara Q3 FY26 results: Rs 914 Cr impairment on gaming associate

Emphasis Of MatterExceptional ItemContingent Liabilities IncreasedPat NegativeResults 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

-2.4%Reaction day

₹284.90

prior close

₹283.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%-3.7% vs market

Entertainment peers, median of 50sector · industry level+1.0%-3.4% vs sector

On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.4 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

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10m

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15m

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30m

-1.9

Sessions after the filingfrom the prior close

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Reaction day

-2.4+1.3-3.7+1.0-3.4

Next day

-2.8+0.3-3.1+1.3-4.1

-9.2-0.5-8.7+1.4-10.6

-4.2+2.1-6.3+2.5-6.7

-2.7+3.1-5.8+3.3-6.0

-2.6+2.6-5.1+3.2-5.7

-2.0+0.6-2.5+2.3-4.3

15d

-6.3-1.4-4.9-1.3-5.0

-15.1-6.9-8.1-3.7-11.4

-18.7-7.7-11.1-9.1-9.6

-6.2+7.0-13.1-0.3-5.9

UpDownMarket · Nifty Microcap 250Sector · Entertainment peers, median of 50Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q3 FY26 results (unaudited). Exceptional impairment of Rs 91,470 lakhs on associate Moonshine Technologies due to Online Gaming Act 2025 halting real money games. Standalone 9M net loss at Rs 93,883 lakhs. GST show cause notices of about Rs 1,187 crores to subsidiaries remain pending. Also approved Rs 15 Cr investment in Rusk Media and USD 500K in nCore Games.

Likely market impact

Large one-time impairment wiped out 9M standalone profits. GST notices of around Rs 1,187 Cr are a major overhang. Stock may stay volatile pending legal outcomes.