Nazara Tech Q2 net profit without exceptional item aided by higher other income, revenue up 65%

Nazara Tech Q2 net profit without exceptional item aided by higher other income, revenue up 65%Nazara Tech said the new venture aligns with its strategy to strengthen its presence across emerging sports ecosystems and deepen fan engagement through digital and on-ground sporting experiences.By Megha Rani November 13, 2025, 4:27:15 PM IST (Updated)2 Min ReadNazara Technologies Ltd reported a net loss of ₹29.3 crore during the September quarter, compared to a net profit of ₹23 crore during the same quarter last year.

The company had to undertake a one-time hit of ₹223.7 crore during the quarter. The net loss is despite a sharp jump in other income to ₹1,104 crore from ₹25.3 crore last year.

In August 2025, the company ceased control of Nodwin Gaming Pvt. Ltd., and as a result, the investment in the company was reclassified as an associate from that date. The company remeasured its investment in Nodwin at a fair value and a gain of ₹1,098 crore was recognized as other income during the quarter.

Before the exceptional item, Nazara's net profit would stand at ₹885 crore, aided primarily by the other income component.

Revenue from operations surged 65% year-on-year to ₹526.5 crore, led by strong growth in its gaming and e-sports verticals. EBITDA more than doubled to ₹60 crore from ₹25 crore last year, with operating margins improving to 11.4% from 8% in the same period.

The company said it reclassified its investment in Nodwin Gaming as an associate after its stake fell below 50%, triggering a fair-value remeasurement gain of ₹1,098 crore under Ind AS 110. Meanwhile, the recent Gaming Regulation Act, 2025, which bans online real-money games, led Nazara to record a full impairment of its ₹915 crore investment in Moonshine Technologies (PokerBaazi) due to the cessation of its business operations.

Earlier in the day, its subsidiary, Absolute Sports Pvt. Ltd., which operates Sportskeeda and Pro Football Network, announced entry into the fast-growing sport of pickleball by acquiring the Mumbai franchise in the inaugural Indian Pickleball League, backed by The Times Group.

The company said the new venture aligns with its strategy to strengthen its presence across emerging sports ecosystems and deepen fan engagement through digital and on-ground sporting experiences.

Shares of Nazara Technologies Ltd ended higher on Wednesday, November 12, by 0.43% at ₹257.50 on the NSE.

Also Read: Endurance Tech Q2 profit grows 9.5%; eyes expansion into EV, lithium-ion segmentsContinue ReadingFirst Published: Nov 12, 2025 9:58 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsNazara Technologiesonline gamingprofitsQ2 EarningsQ2 resultsrevenue