Nazara Technologies announced its financial results for the quarter and year ended March 31, 2026. The Board approved the re-designation of Vikash Mittersain as ‘Founding Chairman’ and the elevation of Nitish Mittersain to Managing Director and CEO, effective June 1, 2026. Additionally, the company is withdrawing its amalgamation scheme with Paper Boat Apps. Financial highlights include a consolidated net profit of ₹5,570 lakhs for the final quarter and ₹8,194 lakhs for the full year.
Annual Financial Performance
For the financial year ended March 31, 2026, Nazara Technologies reported consolidated total revenue of ₹307,256 lakhs, marking a significant growth trajectory. The company achieved a consolidated net profit of ₹8,194 lakhs for the year. Notably, the final quarter saw strong momentum with a net profit of ₹5,570 lakhs. The gaming segment remained a primary growth driver, contributing ₹107,224 lakhs in annual revenue.
Strategic Leadership Changes
The company announced a major shift in its organizational structure to foster institutionalized stewardship. Effective June 1, 2026, Vikash Mittersain will transition from his role as Chairman and Managing Director to become Founding Chairman in a non-executive, non-independent capacity. Concurrently, Nitish Mittersain will step into the role of Managing Director and Chief Executive Officer. The Board also strengthened its leadership with the appointment of Mithun Padam Sacheti as a Non-Executive Non-Independent Director and Muraarie Rajan as an Independent Director for a five-year term, effective May 12, 2026.
Operational Updates and Restructuring
Nazara Technologies has decided to withdraw its Scheme of Amalgamation involving its wholly-owned subsidiary, Paper Boat Apps Private Limited. This decision stems from a shift in the company’s internal restructuring plans, and the company confirmed that there is no expected monetary or operational impact arising from this withdrawal. Furthermore, the company has appointed M/s. MAKK & CO. as its Internal Auditors for the 2026-27 financial year.
Management Commentary and Outlook
The company addressed several matters of note, including an impairment loss of ₹91,470 lakhs on an investment in an associate company following the enactment of the Promotion and Regulation of Online Gaming Act, 2025. Despite this, management expressed confidence in the company’s financial stability, citing a strong net worth of ₹3,47,349 lakhs as of March 31, 2026. The transition reflects Nazara’s continued evolution as an institutionalized global gaming platform.
Source: BSE
