Nazara Technologies Limited informs the exchange regarding Financial Results (Consolidated and Standalone) for the quarter and financial year ended March 31, 2026
NAZARA · price
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Nazara Technologies reported consolidated revenue of ₹182,898 lakhs for FY26, up 12.6% from ₹162,391 lakhs in FY25. However, Q4 revenue declined to ₹39,778 lakhs from ₹52,020 lakhs in Q4 FY25. The company recorded a massive exceptional impairment loss of ₹91,470 lakhs on its investment in associate Moonshine Technologies due to the Promotion and Regulation of Online Gaming Act, 2025, which banned online real money games. After this impairment, consolidated PAT for FY26 stood at ₹8,194 lakhs. The auditor issued an unmodified (clean) opinion with emphasis of matter on the impairment and significant GST show cause notices received by subsidiaries totaling over ₹1 trillion, though no adjustments were made in the accounts. Leadership changes include Vikash Mittersain transitioning to non-executive Founding Chairman and Nitish Mittersain becoming MD & CEO from June 2026.
The ₹91,470 lakh impairment is a significant one-time charge that materially impacted profits but does not affect the company's continued strong financial position. The massive GST notices represent potential future liability but remain unresolved. Revenue growth trajectory remains positive year-on-year despite quarterly decline.