Nazara Technologies Financial Results Q2 FY 2025-26

Key insights

7 takeaways

01
Consolidated total income for the quarter ended 30 September 2025 was 163,092 lakh, compared with 57,587 lakh in the quarter ended 30 June 2025.See it on page 9
02
The group recognised an impairment of Rs. 91,470 lakhs on its investment in an associate after the Promotion and Regulation of Online Gaming Act, 2025 prohibited online money games.See it on page 4
03
Standalone net loss for the quarter ended 30 September 2025 was 96,695 lakh, which the company describes as exceptional and non-recurring.See it on page 13
04
The company's standalone net worth was 223,642 lakh as at 30 September 2025, after the impairment loss.See it on page 19
05
The company ceased to control Nodwin Gaming Private Limited following shareholder approval, and the investment was reclassified as an associate; a gain of 109,846 lakh was recognised on remeasurement at fair value.See it on page 13
06
The company's auditors drew attention to GST show cause notices received by one subsidiary and three subsidiaries of the associate, but the company made no adjustments in the results and expects no present or future liability on these components.See it on page 13
07
Under ESOP 2025, the aggregate options to be granted may not be exercisable into more than 18,52,325 equity shares of INR 2 each, subject to shareholder approval.See it on page 1

Summary

Nazara Technologies Limited, an Indian listed company, filed its unaudited consolidated and standalone financial results for the quarter and six months ended 30 September 2025, approved by its Board on 12 November 2025 and accompanied by limited review reports from its statutory auditors, MSKC & Associates LLP. The filing also covers Board approval of a new employee stock option scheme, ESOP 2025, covering up to 18,52,325 equity shares, subject to shareholder approval, and a proposed investment of up to INR 27,14,91,792 in Rusk Media Private Limited.

The consolidated statement reports quarter revenue from operations of 52,646 lakh and total income of 163,092 lakh for the quarter ended 30 September 2025. Consolidated loss for the quarter was 3,393 lakh before the discontinued operations line, with a loss after exceptional items of 2,935 lakh attributable to equity shareholders. The group's exceptional item was an impairment of 91,470 lakh on its investment in an associate following the Promotion and Regulation of Online Gaming Act, 2025.

On a standalone basis, the company reported a net loss of 96,695 lakh for the quarter and 93,934 lakh for the year-to-date period, after an exceptional impairment that the company attributes to the Online Gaming Act. The standalone net worth was reported at 223,642 lakh, and consolidated net worth at 339,534 lakh as of 30 September 2025.