Nazara Technologies Limited informs the Exchange about Transcript of Earnings Call.

Management guided margin improvementMulti-year targets disclosedInvestor Communications View source PDF Explain this filing

NAZARA · price

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

-12.6%Reaction day

₹349.10

prior close

₹337.50

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-12.5% vs market

Entertainment peers, median of 50sector · industry level+0.0%-12.6% vs sector

On the reaction day the stock moved 12.5 pts less than Nifty Microcap 250 and 12.6 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

-3.1

Sessions after the filingfrom the prior close

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Reaction day

-12.6-0.1-12.5+0.0-12.6

Next day

-14.5+0.2-14.7-0.3-14.2

-17.9-0.4-17.6-1.4-16.5

-20.7-0.5-20.1-0.7-19.9

-19.2-2.2-17.0-1.4-17.8

-18.5-2.9-15.6-1.2-17.3

-17.5-1.8-15.7-2.3-15.2

15d

-22.4+0.3-22.7-1.2-21.3

-21.0+1.5-22.5-1.4-19.6

-22.7-0.5-22.2-5.7-17.0

-24.7-1.3-23.4-8.1-16.6

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

Nazara reported Q1 FY26 revenue of ₹498.8 crores (up 99% YoY) and EBITDA of ₹47.4 crores (up 90% YoY), with overall PAT at ₹51.3 crores (up 118% YoY). The core gaming segment grew 160% YoY with a healthy 24.4% EBITDA margin, driven by Curve Games (₹54.6 cr revenue, ₹20.7 cr EBITDA), Fusebox (₹73 cr revenue, ₹10.4 cr EBITDA), and Animal Jam (₹26.4 cr revenue, up 12.1%). The board approved a 1:2 stock subdivision and a 1:1 bonus issue, and proposed deconsolidating Nodwin Gaming. Management is targeting ₹300 crore EBITDA by FY27 and a 30% gaming margin milestone. Weak spots included Sportskeeda (down 21% YoY due to Google's core update) and PokerBaazi/Moonshine (₹73.9 cr EBITDA loss due to front-loaded IPL and Shark Tank marketing spends of ~₹110 cr).

Likely market impact

Strong topline growth and improving profitability in core gaming are positive for shareholders, supported by the bonus issue and stock subdivision which improve liquidity. However, Sportskeeda's traffic decline and heavy losses at PokerBaazi are near-term concerns; investors should watch for Sportskeeda recovery in 1-2 quarters and PokerBaazi's path to FY27 profitability.