Nazara Technologies Stock Rises As Q2 Revenue Jumps 65.1 Percent YoY; Shares Gain Nearly 8%

Mumbai, November 13, 2025- The share price of Nazara Technologies Limited (NSE: NAZARA; BSE: 543280) saw a significant rally during the early morning session on Thursday. Around 11:00 AM, the stock traded at ₹277.65 (up by 7.91% from the previous closing price). The rally follows the company’s strong Q2 FY26 financial results, which showed a 65.1% increase in revenue and a 146.4% rise in EBITDA, according to its regulatory filing.

Financial Performance Assessment

The company delivered impressive results for the quarter, with revenue reaching ₹526.50 crore, marking a 65.1% year-on-year increase. EBITDA surged to ₹62 crore, reflecting a substantial 146.4% rise compared to the same period last year.

Looking at the first half of the financial year, Nazara reported revenue of ₹1,025.20 crore, an 80.2% increase on a year-on-year basis. EBITDA for H1FY26 rose to ₹109.40 crore, up 118.5% from the previous year. A notable highlight of the results was the improvement in EBITDA margins for the core gaming segment, which expanded to 23.2%, underscoring the company’s operational efficiency and strong growth momentum.

Management Outlook on Financial Performance

The management underlined a wide range of factors that are responsible for the stellar financial performance. It includes deeper LiveOps engagement and multi-platform distribution across mobile, PC, and console gaming segments. The management also credited global franchises such as Love Island, Big Brother, and Animal Jam, which supported the platform.

The company’s CEO, Nitish Mittersain, credited the IP-led strategy followed by Nazar Technologies for driving scale and expanding profit margins.

Stock Price Performance

At 11:00 AM, the stock traded at ₹277.65 (up by 7.91% from the previous closing price). The stock started in green and went up by more than 3% within the first trading hour, and the rally gained some more pace as the buying pressure intensified. The company’s P/E ratio was 111.59 compared to the industrial average of 207.52. Despite the rally today, the stock has plummeted by more than 22.3% in the past three months, after the ban on all online money games was formally introduced.

Nazara Technologies is India’s only publicly listed gaming company with a presence across India, North America, and other global markets. Its portfolio spans leading IPs including Kiddopia, Animal Jam, World Cricket Championship, Love Island, Big Brother, and Bigg Boss, alongside offline entertainment businesses like Smaaash and Funky Monkeys. The company also operates Datawrkz, its digital ad-tech unit.

REF: https://nsearchives.nseindia.com/corporate/NAZARA_12112025194431_PRIntimation.pdf

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