Nazara Technologies has announced its audited financial results for the quarter and year ended March 31, 2026. Along with reporting its financial performance, the company disclosed major strategic changes, including the re-designation of its Chairman & Managing Director, the appointment of new Directors, and the withdrawal of a pending scheme of amalgamation for its subsidiary, Paper Boat Apps.
Financial Highlights for FY26
For the financial year ended March 31, 2026, Nazara Technologies reported consolidated revenue from operations of ₹1,82,898 lakhs, compared to ₹1,62,391 lakhs in the previous year. The company posted a consolidated profit after tax of ₹8,194 lakhs for the year. During the Q4 FY26 period (January-March 2026), the company achieved a quarterly revenue of ₹39,778 lakhs.
Strategic Leadership Transitions
The Board of Directors has approved a major leadership transition to institutionalize the company’s structure. Mr. Vikash Mittersain, the current Chairman & Managing Director, will be re-designated as ‘Founding Chairman’ in a non-executive capacity, effective June 1, 2026. Consequently, Mr. Nitish Mittersain will see his title change from ‘Joint Managing Director and Chief Executive Officer’ to ‘Managing Director and Chief Executive Officer’ from the same date.
Additionally, the company is strengthening its board with two new appointments, effective May 12, 2026: Mr. Mithun Padam Sacheti joins as a Non-Executive Non-Independent Director, and Mr. Muraarie Rajan joins as an Independent Director for a five-year term.
Operational and Corporate Updates
In a significant corporate development, the Board has decided to withdraw the Scheme of Amalgamation for its wholly-owned subsidiary, Paper Boat Apps Private Limited. This decision stems from a shift in the company’s restructuring plans. Furthermore, the company has appointed M/s. MAKK & CO. as the internal auditors for the 2026-27 financial year.
Emphasis of Matter
The auditors highlighted specific items in the consolidated results, including an impairment loss of ₹91,470 lakhs on an investment in an associate company following the enactment of new online gaming legislation in 2025. Additionally, the company is managing various GST-related uncertainties involving show-cause notices received by one subsidiary and four subsidiaries of its associate, for which no accounting adjustments have been made at this time.
Source: BSE
