Nazara Technologies Q2FY27: EBITDA Surges 93% to ₹120 Cr, Revenue Jumps 53%
Nazara Technologies reported Q2FY27 results with EBITDA up 93% to ₹120 Cr and revenue up 53% to ₹803 Cr. The acquisition of Bluetile and BestPlay, consolidated from August 1, 2026, significantly boosted performance. Key management changes include new CEO Raymond A. Stauffer and CFO Arun Agarwal.
The substantial growth in EBITDA and revenue, coupled with significant leadership changes and the successful integration of acquisitions, are material events that will likely have a high impact on investor perception and the company's future trajectory.
The company reported strong year-on-year growth in revenue and EBITDA, driven by organic growth and strategic acquisitions, indicating positive business momentum.
Nazara Technologies Limited has announced its financial results for the quarter and half-year ended September 30, 2026 (Q2FY27 and H1FY27). The company reported a significant 93% year-on-year (YoY) growth in EBITDA, reaching ₹120 Crores, with revenue increasing by 53% YoY to ₹803 Crores for Q2FY27.
The consolidated performance for Q2FY27 showed revenue growth of 20% YoY to ₹1,232 Crores and EBITDA growth of 52% YoY to ₹166 Crores. For the half-year ended H1FY27, consolidated revenue grew by 122% YoY to ₹656 Crores and EBITDA by 114% YoY to ₹141 Crores.
The Gaming segment demonstrated robust performance, with Q2FY27 revenue up 74% YoY to ₹931 Crores and EBITDA up 56% YoY to ₹194 Crores. The segment contributed 76% to total revenue and 98% to EBITDA before corporate costs. Organic growth in the gaming segment was 12% for revenue and 17% for EBITDA.
Key leadership changes were announced, including the appointment of Raymond A. Stauffer as Chief Executive Officer from September 16, 2026, Mithun Sacheti as Executive Director from October 12, 2026, and Arun Agarwal as Chief Financial Officer from October 16, 2026. Nitish Mittersain has been re-designated as Founder and Non-Executive Director.
The integration of Bluetile, consolidated from August 1, 2026, has significantly impacted the financials. Bluetile's revenue grew 49% YoY and EBITDA grew 64% YoY for August-September 2026. The company is leveraging AI across its platform for building, marketing, and running games, aiming for 90% automation in operations.
In the Mobile Gaming segment, revenue and EBITDA grew by 167% YoY and 151% YoY, respectively, with Bluetile and BestPlay contributing significantly. PC & Console segment EBITDA grew 61% YoY, and the Offline Gaming segment EBITDA grew 29% YoY.
Goodwill and other intangible assets increased substantially to ₹4,345 Crores from ₹1,421 Crores, primarily due to the acquisition of Bluetile and BestPlay. Other current liabilities also saw a significant rise to ₹3,057 Crores, mainly due to the consideration payable for Bluetile.
What to do with a filing like this
Nazara Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Nazara Technologies Limited. Read the original for the full detail.