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Earnings Call

Nazara Technologies Earnings Call: Key Takeaways

Nazara delivered record FY26 results with revenue of ₹1,829 Cr and EBITDA of ₹255 Cr, driven by a strategic shift towards high-margin gaming which now contributes 90% of EBITDA.

Why this was an Alfa AlertNot a filter event. Results were record-breaking but management did not cite a specific prior guidance range beat of >5%.
Highlights
Revenue growthFY26 revenue up 13% YoY to ₹1,829 Cr.
MarginsEBITDA margins expanded to 13.9% in FY26 and 19.5% in Q4.
Demand visibilityStrong in casual gaming; Kiddopia returned to subscriber growth.
Management confidenceHigh; citing real operating leverage and compounding growth for FY27.

Growth

FY26 revenue grew 13% YoY; EBITDA surged 66% YoY. Q4 FY26 EBITDA margin reached 19.5%.

Outlook

Strong outlook for FY27 fueled by Bluetile consolidation (₹1,460 Cr CY25 revenue) and AI-led margin expansion.

Risks

AdTech and Sportskeeda faced headwinds from global traditional ad declines and Google Core updates.

Source

Earnings Call filed with BSE, NSE: NAZARA. Summary written with AI assistance from the document.

Read the document ↗

Nazara Technologies Ltd: key numbers

Share price
₹414.70
Market cap
₹16,944 Cr
Revenue (annual)
₹1,829 Cr
Net profit (annual)
₹95.85 Cr
P/E (TTM)
1287.5×Sector 23.6×
Promoter holding
32.00%-2.25% QoQ
FII holding
15.42%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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