Nazara Technologies Limited — Investor Meet, 10-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Nazara reported Q3 FY26 revenue of INR 406 Cr, down 24.1% YoY due to NODWIN deconsolidation, yet EBITDA grew 29.4% to INR 67.8 Cr, with margins at 16.7%. For 9M FY26, revenue increased 29.7% YoY to INR 1,431.2 Cr, and EBITDA rose 73% to INR 177.2 Cr.

Kiddopia saw subscriber growth resume, and NODWIN posted strong Q3 revenue of INR 261 Cr with INR 40 Cr EBITDA after exiting a loss-making European venture. Management highlighted future growth from Fusebox's new IP licenses, continued Kiddopia scaling, Funky Monkey's rapid expansion, and new game launches from Curve and WildWorks ('Go Slinky Go', Animal Jam on Roblox). The company holds ~INR 700 Cr net cash, earmarked for organic growth and strategic acquisitions. Management expresses confidence in expanding margins toward 20%+.