Nazara Technologies’ FY26 delivered a sharp turnaround: revenue rose 13% to INR 1,829 cr and EBITDA surged 66% to INR 255 cr. Q4FY26 EBITDA margin nearly doubled to 19.5%. Operating cash flow jumped 81% to INR 213 cr, while gaming’s share of EBITDA climbed from 56% to 90% as the company leaned into higher-margin core IP and global expansion.
Nazara Technologies’ Q4FY26 revenue fell 23% to Rs 398 crore, yet net profit surged more than 13x to Rs 56 crore. The swing was driven largely by Rs 1,098 crore in other income tied to subsidiary sales. Meanwhile, gaming revenue rose 78% to Rs 278 crore, becoming the company’s biggest revenue contributor.
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