Nazara Technologies (NAZARA) posted a net profit of ₹35.36 crore for FY27 Q2, a turnaround from the ₹33.9 crore loss recorded a year earlier. Revenue climbed 52.5% YoY to ₹803 crore, while the stock closed at ₹402.40 on the NSE, up 0.062%.
Operating earnings before interest, tax, depreciation and amortisation (EBITDA) surged 88.3% to ₹113 crore from ₹60 crore, lifting the EBITDA margin to 14.06% from 11.4% a year earlier. The quarter was the first to incorporate Bluetile and BestPlay into consolidated results.
Gaming revenue more than doubled, rising 122% YoY to ₹656 crore and generating an EBITDA margin of 21.5%, accounting for 82% of total revenue. Mobile gaming alone grew 167% to ₹550 crore, while PC and console earnings rose 61%, and Curve’s EBITDA margin widened to 38.9%.
The offline arm posted a 29% bump in EBITDA despite flat revenue, pushing its margin to 26.2%. Bluetile and BestPlay contributed ₹329 crore in the first two months, up 49% YoY, and their combined EBITDA rose 64% to ₹64 crore, with margin expanding to 19.4%.
For FY27 H1, revenue advanced 20% YoY to ₹1,232 crore and EBITDA climbed 52% to ₹166 crore. CEO Raymond A. Stauffer noted that existing studios saw 11% and 17% organic growth in revenue and EBITDA respectively.
The company will report Q3 results on a later date, and investors are watching closely for guidance on revenue trajectory and margin targets ahead of the fiscal year‑end.