Nazara Technologies has released its audited financial results for the quarter and year ended March 31, 2026. Alongside its financial performance, the company announced key leadership changes, including the re-designation of Mr. Vikash Mittersain as ‘Founding Chairman’ effective June 1, 2026, and the appointment of new board members. Nazara also confirmed the withdrawal of its amalgamation scheme for its wholly-owned subsidiary, Paper Boat Apps Private Limited, reflecting a shift in its broader restructuring strategy.
Consolidated Financial Performance
For the fiscal year ended March 31, 2026, Nazara Technologies reported consolidated total income of ₹307,256 lakhs and a net profit after tax of ₹8,194 lakhs. The quarter ended March 31, 2026, saw the company generate a consolidated net profit of ₹5,570 lakhs on a total income of ₹44,847 lakhs.
Strategic Leadership Realignment
As part of an institutionalized evolution, the company announced that Mr. Vikash Mittersain will transition from Chairman & Managing Director to ‘Founding Chairman’, effective June 1, 2026. Consequently, Mr. Nitish Mittersain will assume the role of Managing Director and Chief Executive Officer on the same date. Additionally, the board approved the appointment of Mr. Mithun Padam Sacheti as a Non-Executive Non-Independent Director and Mr. Muraarie Rajan as an Independent Director for a 5-year term.
Operational Updates and Restructuring
The company has decided to withdraw the Scheme of Amalgamation for its wholly-owned subsidiary, Paper Boat Apps Private Limited. This decision stems from a change in the company’s internal restructuring plans. The Board intends to re-evaluate potential amalgamation proposals at an appropriate future date. Furthermore, the company appointed M/s. MAKK & Co. as its Internal Auditors for the financial year 2026-27.
Key Financial Highlights
- Segment Growth: The Gaming segment continues to be a primary contributor, with revenue reaching ₹107,224 lakhs for the year.
- Impairment Charges: The results include an impairment loss of ₹91,470 lakhs on an associate investment, stemming from recent legislative changes impacting online money games.
- Future Outlook: Despite current challenges, management remains focused on the company’s evolution as a global gaming platform, maintaining a strong consolidated net worth of ₹347,349 lakhs as of March 31, 2026.
Source: BSE
