Nazara Technologies Limited — Quarter and year ended 31 March 2026
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31 March 2026 (Audited) (Refer note 3) | 31 December 2025 (Unaudited) | 31 March 2025 (Audited) (Refer note 3) | 31 March 2026 (Audited) | 31 March 2025 (Audited) | |
| I INCOME | |||||
| Revenue from operations | 39,778 | 40,597 | 52,020 | 182,898 | 162,391 |
| Other income (Refer note 11) | 5,069 | 1,134 | 1,871 | 124,358 | 9,153 |
| Total Income (I) | 44,847 | 41,731 | 53,891 | 307,256 | 171,544 |
| II EXPENSES | |||||
| Purchase of stock in trade | 517 | 349 | 3,907 | 3,157 | 4,018 |
| Change in inventories of stock in trade | 52 | (52) | 4 | (373) | (11) |
| Cost of Raw Material Consumed | (206) | 82 | — | — | — |
| Content, event and web server | 6,476 | 8,102 | 12,537 | 42,961 | 50,842 |
| Advertising and business promotion | 11,095 | 10,907 | 15,103 | 46,121 | 37,683 |
| Platform fees and commission expenses | 3,715 | 3,636 | 6,151 | 16,417 | 11,104 |
| Employee benefit expenses | 6,990 | 7,231 | 7,990 | 31,447 | 28,744 |
| Finance costs | 623 | 434 | 480 | 2,249 | 994 |
| Depreciation and amortisation | 4,552 | 5,970 | 3,729 | 23,056 | 11,769 |
| Impairment expenses | 358 | 2 | 1,646 | 580 | 3,178 |
| Other expenses | 3,377 | 3,567 | 1,225 | 17,687 | 14,666 |
| Total expenses (II) | 37,549 | 40,228 | 52,772 | 183,302 | 162,987 |
| III | Profit before share of profit of associates, joint venture, exceptional item and tax (I – II) | 7,298 | 1,503 | 1,119 | 123,954 |
| IV | Exceptional item (Refer Note 4 and 5) | — | (109) | — | (91,579) |
| V | Profit before share of loss of associates, joint venture and tax (III + IV) | 7,298 | 1,394 | 1,119 | 32,375 |
| VI | Share of net (loss) of associates and joint venture accounted for using the equity method | (3,052) | (3) | (545) | (27,848) |
| VII | Profit before tax (V + VI) | 4,246 | 1,391 | 574 | 4,527 |
| VIII Tax expense | |||||
| Current tax | 952 | 1,024 | 744 | 3,556 | 4,423 |
| Taxes for earlier period / year | (714) | 16 | 270 | (472) | 348 |
| Deferred tax (credit) | (1,562) | (533) | (1,818) | (5,259) | (3,237) |
| Total tax expenses / (credit) (VIII) | (1,324) | 507 | (804) | (2,175) | 1,534 |
| IX | Profit for the period / year from continuing operations (VII – VIII) | 5,570 | 884 | 1,378 | 6,702 |
| X Discontinued operations | |||||
| Profit / (loss) from discontinued operations | — | — | (979) | 1,492 | (1,165) |
| Tax expense of discontinued operations | — | — | 8 | 8 | — |
| Profit / (loss) for the period / year from discontinued operations (X) | — | — | (971) | 1,492 | (1,157) |
| XI | Profit for the period / year (IX + X) | 5,570 | 884 | 407 | 8,194 |
| XII Other comprehensive (loss) / income | |||||
| (a) Items that will not be reclassified to profit and loss (net of taxes) | 2 | (17) | (17) | 1 | (35) |
| (b) Item that will be reclassified to profit and loss (net of taxes) | (17) | 3 | (3) | (4) | (26) |
| (c) Exchange differences upon translation of foreign operations (net of taxes) | 2,071 | 832 | 277 | 8,716 | 551 |
| Other comprehensive income (XII) | 2,056 | 818 | 257 | 8,713 | 490 |
| XIII | Total comprehensive income for the period / year (XI + XII) | 7,626 | 1,702 | 664 | 16,907 |
| XIV Net profit before exceptional item attributable to: | |||||
| – Equity shareholders of the Company | 4,696 | 1,093 | 1,586 | 99,671 | 8,692 |
| – Non-controlling interest | 874 | (100) | (208) | (1,390) | (2,439) |
| XV Net profit / (loss) after exceptional item attributable to: | |||||
| – Equity shareholders of the Company | 4,696 | 984 | 1,586 | 8,092 | 8,692 |
| – Non-controlling interest | 874 | (100) | (208) | (1,390) | (2,439) |
| XVI Total comprehensive income / (loss) attributable to: | |||||
| – Equity shareholders of the Company | 6,693 | 1,664 | 1,948 | 16,828 | 8,027 |
| – Non-controlling interest | 933 | 38 | (313) | 79 | (2,441) |
| XVII Net profit / (loss) from discontinued operations attributable to: | |||||
| – Equity shareholders of the Company | — | — | (923) | 1,493 | (1,110) |
| – Non-controlling interest | — | — | (48) | (1) | (47) |
| XVIII Paid-up equity share capital (face value of ₹ 2 each) | 7,410 | 7,410 | 3,505 | 7,410 | 3,505 |
| XIX Other equity (revaluation reserve: ₹ Nil) | — | — | — | 339,939 | 282,800 |
| XX Restated earnings per share for continuing operations before exceptional item (face value ₹ 2 each) (not annualised) (Refer Note 10) | |||||
| (a) Basic (in ₹) | 1.27 | 0.30 | 0.23 | 27.21 | 2.72 |
| (b) Diluted (in ₹) | 1.27 | 0.30 | 0.23 | 27.21 | 2.72 |
| XXI Restated earnings per share for continuing operations after exceptional item (face value ₹ 2 each) (not annualised) (Refer Note 10) | |||||
| (a) Basic (in ₹) | 1.27 | 0.27 | 0.23 | 2.21 | 2.72 |
| (b) Diluted (in ₹) | 1.27 | 0.27 | 0.23 | 2.21 | 2.72 |
| XXII Restated earnings per share for discontinued operations (face value ₹ 2 each) (not annualised) (Refer Note 10) | |||||
| (a) Basic (in ₹) | — | — | (0.29) | 0.41 | (0.35) |
| (b) Diluted (in ₹) | — | — | (0.29) | 0.41 | (0.35) |
| Particulars | As at 31 March, 2026 (Audited) | As at 31 March, 2025 (Audited) |
|---|---|---|
| Assets | ||
| Non-current assets | ||
| Property and equipment | 5,302 | 4,948 |
| Right-of-use assets | 9,139 | 7,350 |
| Goodwill | 79,466 | 97,739 |
| Other intangible assets | 49,232 | 63,058 |
| Capital work-in-progress | 115 | — |
| Intangible assets under development | 4,125 | 1,392 |
| Financial assets | ||
| Investment accounted using the equity method | 130,688 | 94,979 |
| Investments | 27,761 | 16,760 |
| Loans | 15 | 9 |
| Other financial assets | 966 | 1,917 |
| Deferred tax assets (net) | 2,876 | 1,725 |
| Other non-current assets | 1 | 1 |
| Income tax assets (net) | 3,593 | 2,502 |
| Total non-current assets | 313,279 | 292,379 |
| Current assets | ||
| Inventories | 343 | 252 |
| Financial assets | ||
| Investments | 47,921 | 19,442 |
| Trade receivables | 37,622 | 57,599 |
| Cash and cash equivalents | 17,464 | 29,885 |
| Other bank balances | 8,048 | 15,932 |
| Loans | 36 | 3,189 |
| Other financial assets | 956 | 1,327 |
| Other current assets | 11,449 | 13,147 |
| Total current assets | 123,839 | 140,773 |
| Assets held for sale | — | 10,395 |
| Total assets | 437,118 | 443,547 |
| Equity and liabilities | ||
| Equity | ||
| Equity Share capital | 7,410 | 3,505 |
| Other equity | 339,939 | 282,800 |
| Equity attributable to equity holder of the company | 347,349 | 286,305 |
| Non-controlling interest | 7,821 | 37,429 |
| Total equity | 355,170 | 323,734 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Borrowings | 4,877 | 9,194 |
| Lease liabilities | 7,062 | 5,701 |
| Other financial liabilities | 813 | 219 |
| Provisions | 713 | 8,654 |
| Deferred tax liabilities (net) | 10,248 | — |
| Total non-current liabilities | 21,406 | 26,075 |
| Current liabilities | ||
| Financial liabilities | ||
| Borrowings | 6,274 | 4,933 |
| Trade payables due to (a) total outstanding dues of micro enterprises and small enterprises | 333 | 706 |
| Trade payables due to (b) total outstanding dues of creditors other than micro enterprises and small enterprises | 37,304 | 54,018 |
| Lease liabilities | 3,280 | 2,058 |
| Other financial liabilities | 4,838 | 17,889 |
| Other current liabilities | 7,821 | 11,898 |
| Provisions | 442 | 456 |
| Current taxes liabilities (net) | 250 | 633 |
| Total current liabilities | 60,542 | 92,591 |
| Liabilities associated with assets held for sale | — | 1,147 |
| Total liabilities | 81,948 | 119,813 |
| Total equity and liabilities | 437,118 | 443,547 |
| Particulars | 31 March 2026 (Audited) | 31 March 2025 (Audited) |
|---|---|---|
| I. Cash flow from operating activities | ||
| Profit / (loss) before tax from continuing operations | 4,527 | 7,787 |
| Profit / (loss) before tax from discontinued operations | 1,492 | (1,165) |
| Adjustments for: | ||
| Finance cost | 2,249 | 994 |
| Depreciation and amortisation | 23,056 | 11,769 |
| Interest income | (894) | (4,943) |
| Liabilities written back / provision no longer required | (219) | — |
| (Gain) on sale of current investments (net) | (630) | (1,589) |
| Employee stock option expense | 191 | 627 |
| Fair value gain on financial instruments carried at fair value through profit or loss (net) | (1,541) | (399) |
| Fair value (Gain) / loss on non-current investment at fair value through profit or loss | (8,693) | (1,334) |
| Profit on sale of property and equipment (net) | 5 | (3) |
| Bad debts written off (#) | (0) | 8 |
| Allowance for doubtful debts | 522 | 465 |
| Loss on exchange fluctuation (net) | (1,851) | (41) |
| Share of loss of associates accounted for using the equity method | 27,848 | 770 |
| Impairment of investments | 580 | 3,178 |
| Provision for gratuity and compensated leaves | 247 | 260 |
| Exceptional item | 91,579 | — |
| (Gain) / loss on deconsolidation of subsidiary | (109,846) | 242 |
| Loss on sale of non-current investment | — | 17 |
| (Gain) on sale of held for sale subsidiary | (1,512) | — |
| (Gain) on early termination of lease | (414) | (5) |
| Loss on lease modification | 120 | — |
| Income from investment | (46) | (36) |
| Changes in working capital: | ||
| (Decrease) / increase in trade payables and other liabilities | (15,924) | 1,971 |
| (Decrease) / Increase in provisions | (104) | 64 |
| (Increase) in inventories | (370) | (12) |
| Decrease / (increase) in trade receivables and other assets | 7,031 | (7,735) |
| Decrease in loans and advances | 1,665 | 447 |
| Decrease in net assets held for sale | 51 | 493 |
| Cash generated from operations | 19,119 | 11,830 |
| Income taxes paid (net of refunds) | (4,256) | (5,280) |
| Net cash generated from operating activities | 14,863 | 6,550 |
| II. Cash flow from investing activities | ||
| Purchase of property and equipment and intangible assets (including intangible assets under development) | (11,272) | (14,778) |
| Proceeds from sale of property and equipment | 8 | 7 |
| Acquisition of shares in subsidiary | (1,500) | — |
| Acquisition of subsidiaries, net of cash | (21,674) | — |
| Purchase of additional stake in associates | — | (52,895) |
| Purchase of additional stake in subsidiaries | — | — |
| Purchase of non-current investments | (4,557) | (4,103) |
| Purchase of current investments | (100,907) | (66,825) |
| Payment of Purchase consideration to erstwhile shareholders (net of cash acquired) | — | (23,036) |
| Investment in associate | — | (75,832) |
| Loans given to associate | — | (2,000) |
| Proceeds from redemption/maturity of current investments | 74,562 | 69, |