PokerBaazi Writeoff Drags Nazara To INR 34 Cr Loss In Q2

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SUMMARY

Nazara Technologies plunged into the red in Q2 FY26, posting a net loss of INR 33.9 Cr against a net profit of INR 16.2 Cr in the year-ago quarter

The company fell into a loss in the quarter as the real-money gaming ban took its toll on its investment in RMG startup PokerBaazi

Operating revenue for the quarter jumped 65% YoY and 6% QoQ to INR 526.5 Cr. In the quarter under review, the company registered an other income of INR 1,104.5 Cr

Gaming company Nazara…



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PokerBaazi Writeoff Drags Nazara To INR 34 Cr Loss In Q2


SUMMARY

Nazara Technologies plunged into the red in Q2 FY26, posting a net loss of INR 33.9 Cr against a net profit of INR 16.2 Cr in the year-ago quarter

The company fell into a loss in the quarter as the real-money gaming ban took its toll on its investment in RMG startup PokerBaazi

Operating revenue for the quarter jumped 65% YoY and 6% QoQ to INR 526.5 Cr. In the quarter under review, the company registered an other income of INR 1,104.5 Cr

Gaming company Nazara…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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