Nazara Technolo.
Nazara Technolo. Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
Not discussed on this call: order book.
The short version
Curve Games expects new releases in next three quarters of FY27, including Sovereign Tower and Dragon Shelter, anticipated to boost revenue. Curve Games expects margin improvement as new titles release over next three quarters FY27, with margin rising from 27% EBITDA in Q1 FY27 towards previous ~40% levels.
From Nazara Technolo.'s Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Curve Games expects new releases in next three quarters of FY27, including Sovereign Tower and Dragon Shelter, anticipated to boost revenue.
- Upcoming game releases currently forecast no in-app purchases; revenues primarily from unit sales.
- Fusebox projected to sustain high 20%+ growth due to strong performance in Love Island and new game launches (Big Brother scale-up and The Traitors launch).
- Sportskeeda revenue expected to improve sequentially from Q2 FY27 onwards, driven by diversification of traffic and new distribution channels.
- Bluetile aims for revenue growth dependent on pipeline game performances; higher user base and revenue baseline offer flexibility to scale revenue further.
- Increased user acquisition spend with strong LTV/CAC guardrails indicates potential for scalable profitable revenue growth.
- Overall gaming segment revenue grew 14% YoY in Q1 FY27, reflecting positive momentum.
Profitability & Margins
See what Nazara Technolo. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Nazara is investing approximately INR 50 crore in offline gaming businesses, including SMAAASH and Funky Monkeys.
- SMAAASH 2.0 product market fit is underway with a planned launch at Lower Parel, Mumbai in Q4 FY27 (Jan-Mar 2027).
- Funky Monkeys is expanding centers funded through internal accruals, some debt, and additional capital infusion by Nazara.
- The company is making strategic investments in scaling user acquisition for gaming businesses like Curve Games, Bluetile, and BestPlay to grow revenue baseline and user base.
- The Bluetile & BestPlay acquisition has a $214 million payout due by April 1, 2027, with multiple financing options including debt, equity, stake sales, and cash flow leverage.
- Investments in new game titles at Curve Games are ongoing, with several releases expected in FY27 to enhance margins and revenue.
- AdTech business is investing in product-related growth, such as Vizibl DSP, hiring salespeople, and market expansion.
Top-ranked in Entertainment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Nazara Technolo. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Nazara Technolo. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹398 Cr, net profit ₹56 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Nazara Technolo.'s management said in earlier quarters
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Frequently Asked Questions
What were Nazara Technolo. Q1 FY27 results?
Curve Games expects new releases in next three quarters of FY27, including Sovereign Tower and Dragon Shelter, anticipated to boost revenue. Curve Games expects margin improvement as new titles release over next three quarters FY27, with margin rising from 27% EBITDA in Q1 FY27 towards previous ~40% levels.
What is Nazara Technolo. share price analysis?
Nazara Technolo. currently shows a below-average growth signal. The stock trades at a P/E of N/A with a market cap of ₹13,600 Cr. Investors should review the full earnings analysis for detailed insights.
Is Nazara Technolo. planning capital expenditure?
Nazara is investing approximately INR 50 crore in offline gaming businesses, including SMAAASH and Funky Monkeys.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.