Nazara Slips Into The Red In Q1, Posts Rs.83 Cr Loss
India, Aug. 4 -- Gaming major Nazara Technologies slipped to the red in Q1 FY27, reporting a net loss of Rs.82.5 Cr as against Rs.51.3 Cr in the year quarter. Sequentially, the bottom line eroded from a profit of Rs.55.7 Cr in Q4 FY26.
The gaming major swung to losses as operating revenue declined 14% to Rs.428.8 Cr during the quarter under review from Rs.498.8 Cr in Q1 FY26. However, on a QoQ basis, the top line rose 7.8% from Rs.397.8 Cr in Q4 FY26.
Including other income of Rs.8.8 Cr, Nazara's total income stood at Rs.437.6 Cr during the quarter. Meanwhile, total expenses declined 12.6% to Rs.455.4 Cr in Q1 FY27 from Rs.521 Cr in the corresponding quarter last year.
(This story will be updated soon)
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