NAZARANSENazara Technologies LimitedMediumNeutral
Announced Tue, 12 May · 19:45 IST

Nazara Technologies Limited informs the Exchange regarding Investor Presentation.

Mgmt Guided Margin ImprovementPromoter Disclosed Acquisition PlansInvestor Communications View source PDF

NAZARA · price

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

Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹262.95
prior close
₹268.70
base price
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AI summary

Nazara Technologies delivered record FY26 performance with highest-ever EBITDA of INR 255 crores, growing 66% YoY. Q4 FY26 EBITDA margin expanded to 19.5% from 9.8% a year ago, with overall FY26 margin at 13.9%, up 450 bps YoY. Gaming segment now contributes 90% of EBITDA (up from 56% in FY25), reflecting the company's strategic shift toward high-margin gaming. Revenue grew 13% to INR 1,829 crores. Key games like Kiddopia, Animal Jam (25.4% EBITDA margin), and Human Fall Flat (58 million lifetime units) drove growth. The company also disclosed its largest M&A to date - acquisition of Bluetile and BestPlay (17 casual puzzle IPs, 22 million MAU) pending regulatory approval for FY27 consolidation. AI is now embedded across the full game lifecycle spanning development, user acquisition, and live operations.

Likely market impact

Strong margin expansion and gaming focus signal improving profitability trajectory. The pending Bluetile/BestPlay acquisition (FY25 revenue INR 1,405 crores, EBITDA INR 254 crores) could significantly scale FY27 revenues once consolidated. Cash position remains healthy at INR 735 crores with 84% EBITDA-to-OCF conversion.