Nazara Technologies see block deals worth over Rs 486 crore
Aditya B
Shares of Nazara Technologies are likely to remain in focus on Friday, May 15, after large block deals involving more than 1.82 crore shares were executed in the company.
According to exchange data, a block deal involving 1,47,76,161 shares was carried out at a price of Rs 266 per share, amounting to approximately Rs 393.05 crore. In another transaction, 35,02,601 shares changed hands at the same price of Rs 266 apiece, aggregating to around Rs 93.05 crore. The identities of the buyers and sellers were not immediately known.
The block deals come shortly after Nazara Technologies reported its Q4 FY26 financial results.
The company posted revenue from operations of Rs 397.78 crore in Q4 FY26, down 23.53% year on year from Rs 520.2 crore reported in the corresponding quarter last year. Sequentially, revenue declined 2% from Rs 405.97 crore in Q3 FY26.
Despite weaker revenue performance, the company’s profitability improved significantly during the quarter. Consolidated net profit nearly tripled to Rs 46.96 crore in Q4 FY26 from Rs 15.86 crore a year ago. On a sequential basis, profit surged sharply from Rs 9.84 crore reported in the previous quarter.
Nazara reported other income of Rs 50.69 crore during the quarter, compared to Rs 18.71 crore in Q4 FY25 and Rs 11.34 crore in Q3 FY26. The company also reduced advertising and business promotion expenses by 27.1% YoY to Rs 110 crore.
On the operational front, Sportskeeda remained profitable through tighter cost controls, reporting FY26 EBITDA of Rs 18 crore on revenue of Rs 147 crore. The company added that contributions from Pro Football Network and newly added media properties supported consolidated EBITDA performance.
NODWIN Gaming, the company’s esports and gaming subsidiary, reported 25% organic revenue growth during FY26.
Nazara also announced the appointment of Mithun Sacheti, Founder of CaratLane, as a Non-Executive Director, along with Muraarie Rajan as an Independent Director on the Board.
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