| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 803 | 526 | +52.6% |
| EBITDA | 113 | 59.8 | +88.8% |
| EBITDA margin | 14.1% | 11.4% | +2.7 pts |
| Profit before tax | 49.2 | 182 | −72.9% |
| Net profit | 35.4 | −33.9 | — |
| EPS | ₹0.95 | −₹0.85 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 14,820 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 482 | 654 | 493 | 791 | 409 | ||
| 74.1 | 78.2 | 374 | 336 | 212 | ||
| 112 | 112 | 141 | 9.3 | 30.4 | ||
| 14,524 | — | — | — | — | ||
| 2,036 | 1,829 | 1,624 | 1,138 | 1,091 | ||
| — | +12.6% | +42.7% | +4.3% | — | ||
| 279 | 249 | 122 | 99.6 | 101 | ||
| 13.7% | 13.6% | 7.5% | 8.8% | 9.3% | ||
| 52.8 | 18.5 | 4.0 | 32.6 | 44.0 | ||
| 17.4 | −23.2 | 51.0 | 74.8 | 61.4 | ||
| 0.9% | −1.3% | 3.1% | 6.6% | 5.6% | ||
| ₹0.36 | ₹2.18 | ₹2.35 | ₹1.92 | ₹1.06 | ||
| — | −6.9% | +21.9% | +80.9% | — | ||
| — | 149 | 65.5 | 90.8 | 8.1 | ||
| — | −113 | −148 | −26.9 | −8.3 | ||
| 35.9 | 35.9 | −82.3 | 63.9 | −0.2 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 14,820.0 | |
| - Cash, Equiv & ST Investments | 408.9 | 791.2 | 493.3 | 653.9 | 481.6 | |
| + Minority Interest | 211.7 | 336.0 | 374.3 | 78.2 | 74.1 | |
| + Total Debt | 30.4 | 9.3 | 141.3 | 111.5 | 111.5 | |
| Enterprise Value | — | — | — | — | 14,524.0 | |
| Revenue | 1,091.0 | 1,138.3 | 1,623.9 | 1,829.0 | 2,035.7 | |
| Growth %, YoY | — | +4.3 | +42.7 | +12.6 | — | |
| EBITDA | 101.1 | 99.6 | 121.7 | 249.0 | 279.3 | |
| Margin % | 9.27 | 8.75 | 7.49 | 13.61 | 13.72 | |
| EBIT | 44.0 | 32.6 | 4.0 | 18.5 | 52.8 | |
| Net Income | 61.4 | 74.8 | 51.0 | -23.2 | 17.4 | |
| Margin % | 5.63 | 6.57 | 3.14 | -1.27 | 0.86 | |
| EPS, Adj (current shares) | 1.06 | 1.92 | 2.35 | 2.18 | 0.36 | |
| Growth %, YoY | — | +80.9 | +21.9 | -6.9 | — | |
| Cash from Operations | 8.1 | 90.8 | 65.5 | 148.6 | — | |
| Capital Expenditures | -8.3 | -26.9 | -147.8 | -112.7 | — | |
| Free Cash Flow | -0.2 | 63.9 | -82.3 | 35.9 | 35.9 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Nazara Technologies (NSE: NAZARA) had a market capitalisation of ₹15,596 crore at the 29 October 2026 close (₹405.40 a share), a PE ratio of 1,185.1 on the last four quarters' profit and a price-to-book ratio of 4.07. In FY26 its consolidated net profit attributable to shareholders was ₹80.9 crore on revenue of ₹1,829 crore; in Q2 FY27 (July–September 2026) it was ₹36.3 crore. Its debt-to-equity ratio was 0.02 on 30 September 2026. Promoters held 32.00% of the shares on 12 October 2026.
Nazara Technologies' PE ratio is 1,185.1 at the 29 October 2026 close (₹405.40 a share): a market capitalisation of ₹15,596 crore divided by consolidated net profit attributable to shareholders of ₹13.2 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹80.9 crore) it is 192.7.
Nazara Technologies' price-to-book (PB) ratio is 4.07 at the 29 October 2026 close: a market capitalisation of ₹15,596 crore divided by shareholders' equity (book value) of ₹3,832 crore on 30 September 2026. That is a book value of ₹99.60 per share against a share price of ₹405.40.
In FY26, Nazara Technologies' return on equity (ROE) was 2.6% and its return on capital employed (ROCE) was 0.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 3.6% and ROCE 0.1%.
Nazara Technologies' market capitalisation was ₹15,596 crore at the 29 October 2026 close: 38.47 crore shares at ₹405.40 each.
No. Nazara Technologies had borrowings of ₹86.5 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.02. Its cash and current investments were ₹512 crore, so it held net cash of ₹426 crore.
Nazara Technologies' basic earnings per share (EPS) were ₹2.62 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹0.33.
Nazara Technologies' debt-to-equity ratio was 0.02 on 30 September 2026: borrowings of ₹86.5 crore against total equity of ₹3,906 crore. A year earlier, on 30 September 2025, it was 0.02.
Promoters held 32.00% of Nazara Technologies on 12 October 2026, down 1.98 percentage points from 33.98% the previous quarter, according to the shareholding pattern filed with NSE.
Nazara Technologies has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
Nazara Technologies' net worth — shareholders' equity in its consolidated balance sheet — was ₹3,832 crore on 30 September 2026, up 12.9% from ₹3,395 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹15,596 crore at the 29 October 2026 close.
Nazara Technologies' book value per share was ₹99.60 on 30 September 2026: shareholders' equity of ₹3,832 crore divided by the 38.47 crore shares in issue, up 8.7% from ₹91.63 a year earlier. The share price at the 29 October 2026 close was ₹405.40.
On 12 October 2026, Nazara Technologies' shares were held by promoters 32.00%, foreign portfolio investors (FII/FPI) 15.42%, domestic institutions (DII) 2.75% (including mutual funds at 1.84%) and retail and other non-institutional investors 49.84%.
In FY26, Nazara Technologies generated ₹149 crore of cash from operations and spent ₹113 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹35.9 crore. In FY25 it was −₹82.3 crore.
Nazara Technologies' latest results are for Q2 FY27 (July–September 2026), filed on 26 October 2026: consolidated net profit attributable to shareholders ₹36.3 crore, against a loss of ₹29.4 crore in Q2 FY26; revenue from operations ₹803 crore, up 52.6% year on year.
In FY26 (April 2025–March 2026), Nazara Technologies' consolidated net profit attributable to shareholders was ₹80.9 crore, down 6.9% from ₹86.9 crore in FY25, on revenue from operations of ₹1,829 crore (up 12.6%). Over three years, from FY23, net profit was up 105.4%.
On FY26 consolidated figures, against Network18 Media & Investments: Nazara Technologies' operating margin of 1.0% is the higher of the two (Network18 Media & Investments −4.2%; peer average −4.2%); its return on equity of 2.6% is the lower of the two (Network18 Media & Investments 3.2%; peer average 3.2%); its revenue growth over three years of 18.8% a year is the higher of the two (Network18 Media & Investments −30.2% a year; peer average −30.2% a year).
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Nazara Technologies' PE ratio is 192.7, the higher of the two: Network18 Media & Investments 24.3, a peer average of 24.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Nazara Technologies earned net profit attributable to shareholders of ₹80.9 crore on revenue of ₹1,829 crore, against ₹152 crore on ₹2,121 crore for Network18 Media & Investments. Nazara Technologies' operating margin was 1.0% (Network18 Media & Investments −4.2%) and its return on equity 2.6% (Network18 Media & Investments 3.2%). At the 29 October 2026 close, Nazara Technologies' market capitalisation was ₹15,596 crore against ₹3,693 crore for Network18 Media & Investments, and its PE ratio on FY26 profit 192.7 against 24.3.
From Nazara Technologies' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.