Nazara Technologies reported a strong Q3FY26, with revenue reaching INR 406 crores and EBITDA growing by 29.4% to INR 67.8 crores, resulting in a 16.7% margin. For the first nine months of FY26, revenue increased by 29.7% to INR 1,431.2 crores, and EBITDA surged by 73% to INR 177.2 crores with a margin of 12.4%. The company focuses on profit-led growth, scalable execution, and capital discipline.
Strong Financial Performance
In Q3FY26, Nazara reported revenue of INR 406 crores, with an EBITDA of INR 67.8 crores, a 29.4% increase year-over-year. This resulted in an EBITDA margin of 16.7%. The first nine months of the fiscal year saw revenue climb to INR 1,431.2 crores, a 29.7% increase compared to the previous year. EBITDA for the same period rose to INR 177.2 crores, a 73% increase, with margins expanding to 12.4%.
Key Growth Drivers
The company’s success was bolstered by Kiddopia, which saw a resurgence in subscriber growth due to improvements in user acquisition and data analytics. Continued expansion of IP footprints, including Animal Jam on Roblox, also contributed to platform-led growth. Associate company NODWIN Gaming delivered strong operational performance and profitability during the quarter.
Strategic Investments
Nazara’s board approved an investment in nCore Games, the developers behind the ‘FAU-G’ franchise. A capital infusion of up to INR 15 crores will also be made into Rusk Media, a mobile-first entertainment platform targeting Gen-Z and Gen-A audiences. These investments highlight Nazara’s commitment to supporting India’s gaming ecosystem.
Company Focus
According to Nitish Mittersain, Joint Managing Director & CEO, Nazara continues to make strong progress in building a global gaming company. The focus remains on disciplined execution, improved operating efficiency, and growth across new launches, live content expansion, and platform extensions. The company is committed to disciplined capital allocation, including strategic acquisitions, to accelerate scale, improve unit economics, and drive long-term value creation.
Source: BSE
