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Nazara’ Q3 FY26 revenue declines 24% to Rs 406 Cr; profit down 36%

EntrackrEntrackr · 20h ago
Nazara’ Q3 FY26 revenue declines 24% to Rs 406 Cr; profit down 36%
Medial

Gaming and sports media firm Nazara Technologies reported a 24% year-on-year fall in its operating revenue for Q3 FY26. However, the company has regained profitability after booking a loss in the last quarter due to a write-off. Nazara’s operating revenue fell to Rs 406 crore in Q3 FY26 from Rs 535 crore in Q3 FY25, according to its unaudited financial statements sourced from the National Stock Exchange (NSE). E-sports accounted for 8% (Rs 34 crore) of the company’s total operating revenue, while the gaming segment held a 63% share (Rs 257 crore), followed by ad tech, which contributed 28% (Rs 115 crore). Nazara booked Rs 11 crore under non-operating income bringing its overall revenue down to Rs 417 crore in Q3 FY26 from Rs 557 crore in Q3 FY25. For the nine-month period, the company’s revenue increased by 30% to Rs 1,431 crore from Rs 1,104 crore, a year earlier. Nazara’s total expenses fell by 24% to Rs 402 crore in Q3 FY26, compared to Rs 531 crore in the same quarter last year. Content cost stood at Rs 81 crore, while employee benefit expenses fell to Rs 72 crore. Noteably, marketing expenses was the largest cost center, accounting for 27% of the total cost at Rs 109 crore in Q3 FY26. The company’s net profit decreased 36% to Rs 9 crore in Q3 FY26 as compared to a profit of Rs 14 crore in Q3 FY25. In the third quarter, SBI Mutual Fund sold 45,09,360 Nazara shares worth Rs 108 crore. This trimmed its stake in Nazara from 5.78% (2.14 crore shares) to 4.55% (1.69 crore shares). At the end of the day, Nazra’s share was trading at Rs 285 with a total market capitalization of Rs 10,554 crore (approximately $1 billion).

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%

EntrackrEntrackr · 12d ago
Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%
Medial

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55% Online travel aggregator (OTA) Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The company reported a 31% growth in scale, while the company also increased its profit during the same period. Ixigo’s revenue from operations increased to Rs 317.6 crore in Q3 FY26 in contrast to Rs 242 crore in Q3 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (42%) of its operating revenue from train ticketing, which rose to Rs 134 crore in Q3 FY26 from Rs 120 crore in Q3 FY25. Flight and bus booking services contributed 32% and 24% to the company’s revenue, respectively. Besides operating revenue, the firm also earned Rs 16.5 crore via interest and gains from financial assets during the quarter which took its total income to Rs 334 crore in the quarter ending December 2025. Ixigo has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 15% YoY to Rs 45 crore. Overall, the company's total costs grew 32% to Rs 296 crore in Q3 FY26 compared to Rs 224 crore in Q3 FY25. Ixigo increased its profit by 55% to Rs 24 crore in Q3 FY26, as compared to a profit of Rs 15.5 crore in Q3 FY25. The company also approved the grant of 98,944 stock options under its ESOP scheme (2013, 2016, 2021). The ESOP is valued at around Rs 2.3 crore according to the company’s share price. The company’s competitor MakeMyTrip posted $295 million revenue in Q3 FY26 with its loss falling by 74% to $7 million in the period. At the close of trading on Thursday (Jan 22), Ixigo’s shares were priced at Rs 235, giving the online travel aggregator a market capitalization of Rs 10,320 crore (approximately $1.1 billion).

Nazara's profits drop 54% in Q3 FY25

EntrackrEntrackr · 11m ago
Nazara's profits drop 54% in Q3 FY25
Medial

Fintrackr Nazara's profits drop 54% in Q3 FY25 Nazara’s operating revenue increased % to Rs 535 crore in Q3 FY25 from Rs 320 crore in Q3 FY24, its unaudited consolidated financial statements sourced from National Stock Exchange (NSE) show. Gaming and sports media company Nazara Technologies reported a year-on-year increase of 67% in operating revenue for Q3 FY25 compared to Q3 FY24. However, the Mumbai-based company’s profits declined by 53.6%. Nazara’s operating revenue rose by 67% to Rs 535 crore in Q3 FY25 from Rs 320 crore in Q3 FY24, according to its unaudited consolidated financial statements sourced from the National Stock Exchange (NSE). E-sports accounted for 43.5% (Rs 232.6 crore) of the company’s total operating revenue, while the gaming segment held a 29% share (Rs 155 crore), followed by ad tech, which contributed 2% (Rs 10.5 crore) to the topline. Nazara also earned Rs 22 crore from interest and gains on financial assets during the quarter, bringing its overall revenue to Rs 556.6 crore. The company’s total expenses rose by 76% to Rs 531 crore in Q3 FY25, up from Rs 301 crore in Q3 FY24. Content, events, and web servers collectively accounted for 32% (Rs 169 crore) of total expenses, while employee benefits contributed 17% (Rs 88.6 crore). Notably, marketing expenses grew 3.5X to Rs 145 crore, compared to Rs 41 crore in Q3 FY24. Despite the increase in scale, the company’s profit fell by 53.6% year-on-year, dropping to Rs 13.7 crore in Q3 FY25 from Rs 29.5 crore in Q3 FY24. At the end of the trading day, the company's stock closed at Rs 930.65, bringing its total market capitalization to Rs 7,957.18 crore (approximately $916 million).

PokerBaazi write-off pushes Nazara into losses in Q2 FY26

EntrackrEntrackr · 2m ago
PokerBaazi write-off pushes Nazara into losses in Q2 FY26
Medial

Gaming and sports media firm Nazara Technologies reported a 65% year-on-year rise in operating revenue for Q2 FY26. Moreover, the Mumbai-based company lost profitability due to a write-off of investment in PokerBaazi which was closed due to the enactment of the Promotion and Regulation of Online Gaming Act, 2025. Nazara's operating revenue rose by 65% to Rs 526 crore in Q2 FY26 from Rs 319 crore in Q2 FY25, according to its unaudited financial statements sourced from the National Stock Exchange (NSE). E-sports accounted for 17% (Rs 87 crore) of the company's total operating revenue, while the gaming segment held a 56% share (Rs 296 crore), followed by ad tech, which contributed 27% (Rs 143 crore). Interestingly, Nazara booked Rs 1,105 crore under non-operating income, bringing its overall revenue to Rs 1,631 crore in Q2 FY26 from Rs 344 crore in Q2 FY25. On a half-yearly basis, the company’s revenue increased by 80% to Rs 1,025 in H1 FY26 from Rs 569 crore in H1 FY25. Nazara’s total expenses surged by 66% to Rs 534 crore in Q2 FY26, compared to Rs 321 crore in the same quarter last year. Content cost stood at Rs 160 crore, while employee benefit expenses rose to Rs 78 crore. Notably, marketing expenses saw a sharp nearly 3X jump, reaching Rs 116 crore in Q2 FY26. With the enactment of the Promotion and Regulation of Online Gaming Act, Nazara recognized an aggregate reduction of Rs 914.70 crore in its investment in Moonshine Technologies. Due to this, the company recorded a loss of Rs 34 crore in Q2 FY26 as compared to a profit of Rs 18 crore in Q2 FY25. On a half-yearly basis, the company’s profit declined 57.5% to Rs 17 crore in H1 FY26 from Rs 40 crore in H1 FY25. In August this year, Nazara called off its plan to acquire a minority stake in Moonshine Technology Private Limited, the parent company of online poker platform PokerBaazi, due to the enactment of the Promotion and Regulation of Online Gaming Act, 2025. At the end of the day, Nazara’s share was trading at Rs 257 with a total market capitalization of Rs 9,539 crore (approximately $1 billion).

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%

EntrackrEntrackr · 13d ago
Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%
Medial

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54% Gurugram-based foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q3 FY26 on Wednesday. The company reported a 54% increase in profits during the period. Eternal’s revenue from operations grew 3x to Rs 16,315 crore in Q3 FY26, contrasting Rs 5,405 crore in Q3 FY25, according to the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). The major surge in revenue is attributed to its inventory-led approach in the quick commerce business. On a quarter-on-quarter basis, the company’s revenue rose by 20% from Rs 13,590 crore in Q2 FY26. Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business (Zomato) contributed 16% of the total revenue in Q3 FY26, growing 29% to Rs 2,676 crore from Rs 2,072 crore in Q3 FY25. Revenue from the quick commerce segment (BlinkIt) saw significant growth, rising 75% to Rs 12,256 crore in Q3 FY26 from Rs 1,399 crore in Q3 FY25. Its B2B business, Hyperpure, saw a growth of 7% to Rs 1,070 crore during the third quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 16,663 crore in Q3 FY26. For the nine-month period, the company reported revenue of Rs 38,126 crore and is on track to cross the Rs 50,000 crore revenue milestone for the full fiscal year FY26. The cost of material accounted for 59% of the total expense, and this cost grew by 6.5X to Rs 9,801 crore in Q3 FY26 from Rs 1,500 crore in Q3 FY25. Delivery and related charges increased by 64% to Rs 2,376 crore in Q3 FY26. Employee benefit cost rose 33% to Rs 914 crore, while spending on advertising and marketing almost doubled to Rs 937 crore in Q3 FY26. Overall, the company’s expenditure increased nearly 3X to Rs 16,493 crore in Q3 FY26 from Rs 5,533 crore in Q3 FY25. With the company's revenue growth outpacing expense, its profit increased by 54% to Rs 102 crore in Q3 FY26 from Rs 59 crore in Q3 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.01 to earn every rupee of revenue during the quarter ending December 2025. The company also informed the stock exchanges that founder Deepinder Goyal will step away from his role as Group CEO and will continue on the board as Vice Chairman. At the end of today’s trading session, Eternal’s share price stood at Rs 283, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $30 billion).

Ideaforge posts Rs 31 Cr revenue in Q3 FY26; loss up by 42%

EntrackrEntrackr · 12d ago
Ideaforge posts Rs 31 Cr revenue in Q3 FY26; loss up by 42%
Medial

Drone maker IdeaForge Technologies has announced its financial result for the quarter ending December 2025. The company posted 75% growth in its scale while also its loss stood at Rs 34 crore in the period. Ideaforge’s revenue from operations increased to Rs 31.5 crore in Q3 FY26 in contrast to Rs 18 crore in Q3 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The sale of unnamed aerial vehicles (UAVs) was the sole source of Ideaforge's operating revenue in the last quarter. The company also made Rs 2.5 crore from the financial assets tallying its overall revenue to Rs 34 crore in Q3 FY25 from Rs 22.5 crore in Q3 FY25. For Ideaforge, the cost of materials for making drones accounted for 34% of the overall expenditure. This cost surged by 2.5x to Rs 24 crore in Q3 FY26 from Rs 9.5 crore in Q3 FY25. The firm’s spending on employee benefits, finance cost, legal, professional advertising, and other overheads took its overall cost to Rs 70 crore in Q3 FY26 from Rs 43 crore in Q3 FY25. Ideaforge's loss increased by 42% to Rs 34 crore in Q3 FY26 from Rs 24 Cr in Q3 FY25. For the nine months ended December 2025, its loss stood at Rs 77 crore. In November last year, IdeaForge received order worth approximately Rs 75 crore from the Ministry of Defence to supply AFDS/tactical-class UAVs along with accessories. The domestic order will be executed within 12 months. At the end of today’s trading session, Ideaforge’s share price traded at Rs 431, giving it a total market capitalization of Rs 1,864 crore (approximately $203 million).

SBI Mutual Fund sells Nazara’s stake worth Rs 108 Cr via bulk deal

EntrackrEntrackr · 1m ago
SBI Mutual Fund sells Nazara’s stake worth Rs 108 Cr via bulk deal
Medial

SBI Mutual Fund sells Nazara’s stake worth Rs 108 Cr via bulk deal SBI Mutual Fund offloaded 45,09,360 equity shares of Nazara at an average price of Rs 240.18 per share, taking the total transaction value to around Rs 108 crore. Prior to the deal, SBI MF held 2.14 crore shares, accounting for 5.78% stake in Nazara. Post the deal, its shareholding has come down to 1.69 crore shares, translating to 4.55% of the total paid-up equity. Financially, Nazara’s operating revenue rose by 65% to Rs 526 crore in Q2 FY26 from Rs 319 crore in Q2 FY25. With the enactment of the Promotion and Regulation of Online Gaming Act, Nazara recognized an aggregate reduction of Rs 914.70 crore in its investment done on Moonshine Technologies. The company recorded a loss of Rs 34 crore in Q2 FY26 as compared to a profit of Rs 18 crore in Q2 FY25. On a half-yearly basis, the company’s profit declined 57.5% to Rs 17 crore in H1 FY26 from Rs 40 crore in H1 FY25. In August this year, Nazara called off its plan to acquire a minority stake in Moonshine Technology Private Limited, the parent company of online poker platform PokerBaazi, due to the enactment of the Promotion and Regulation of Online Gaming Act, 2025. At the end of the day, Nazara’s share was trading at Rs 252 with a total market capitalization of Rs 9,355 crore (approximately $1 billion).

Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%

EntrackrEntrackr · 6d ago
Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%
Medial

Fintech major Pine Labs announced its financial results for Q3 FY26 after debuting on Indian stock exchanges in the same quarter. The firm’s revenue increased by 24% during the third quarter, while it remained profitable in the same period. The company’s revenue from operations increased to Rs 744 crore in Q3 FY26 from Rs 601 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 36 crore, which drove its total income to Rs 780 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 20% to Rs 2,010 crore from Rs 1,676 crore, a year earlier. On the expense side, employee benefit was the largest cost centre, which accounted for 37% of the total expense. This cost increased by 5% to Rs 263 crore in Q3 FY26 from Rs 251 crore in Q3 FY25. Cost of material rose 51% to Rs 104 crore in Q3 FY26 from Rs 69 crore in Q3 FY25. Finance cost and depreciation cost were other overheads which led to the total expense to increase by 13% to Rs 705 crore in Q3 FY26. Pine Labs entered profitability on the back of steady growth and disciplined cost control, reporting a net profit of Rs 42 crore in Q3 FY26 versus a loss of Rs 57 crore in Q3 FY25. For the nine-month period, the company posted a profit of Rs 53 crore. Pine Labs made a positive debut on the public markets, listing at a 9.5% premium over its issue price. The stock opened at Rs 242 per share against the IPO price of Rs 221, giving the Peak XV-backed firm a stable start on the NSE and BSE. Earlier this month, Pine Labs received RBI approval to fully acquire RBI-licensed account aggregator Agya Technologies, increasing its stake to 100% from its previous associate company status. The company’s share is trading at Rs 233, giving it a market capitalization of Rs 26,736 crore (approximately $2.9 billion).

Paytm posts Rs 2,194 Cr revenue and Rs 225 Cr profit in Q3 FY26

EntrackrEntrackr · 5d ago
Paytm posts Rs 2,194 Cr revenue and Rs 225 Cr profit in Q3 FY26
Medial

Fintech firm Paytm announced its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The Noida-based company reported a revenue of Rs 2,194 crore and a net profit of Rs 225 crore for the period. According to Paytm’s unaudited quarterly report filed with the National Stock Exchange, its revenue from operations increased by 20% year-on-year from Rs 1,828 crore in Q3 FY25. The company also added Rs 212 crore from other non-operating sources, bringing its overall revenue to Rs 2,406 crore in Q3 FY26. For the nine-months period, Paytm’s revenue rose 24% to Rs 6,173 crore from Rs 4,989 crore, a year earlier. For the Noida-based firm, its employee benefits remained the largest cost center, accounting for 33% of the overall cost, which decreased by 5% to Rs 721 crore in Q3 FY26. Its payment processing charges increased by 17.5% to Rs 671 crore, and marketing expenses increased by 3.5% to Rs 146 crore in Q3 FY26. Software, communication, legal, cashback, and other overheads took the total expenditure to Rs 2,175 crore in Q3 FY26, as compared to Rs 2,220 crore in Q3 FY25. Paytm recorded a net profit of Rs 225 crore in Q3 FY26, in contrast to a loss of Rs 208 crore in Q3 FY25. On a sequential basis, the company’s profit increased by more than 10X from Rs 21 crore in Q2 FY26. Last quarter was eventful for the company as it received authorisation from the RBI to operate as a payment aggregator for physical or offline payments and cross border transactions. The company also granted ESOPs worth Rs 16.6 crore and Rs 60 crore under its ESOP Scheme 2019. Paytm also witnessed a significant shareholder shift as Elevation Capital (formerly SAIF Partners) offloaded a 1.86% stake in the fintech major through a bulk deal worth Rs 1,556 crore. Five days later, BNP Paribas sold 1 crore shares of Paytm worth Rs 1,331 crore. Alongside this, Integrated Core Strategies sold 32.55 lakh shares worth Rs 410 crore. As of January 29, Paytm’s share price stood at Rs 1,172 with the total market capitalization standing at Rs 74,963 crore ($8 billion).

PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X

EntrackrEntrackr · 1d ago
PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X
Medial

PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X PB Fintech has released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Monday. The company reported a 32.5% growth in scale, while its year-on-year (YoY) profits increased by 2.6X during the same period. PolicyBazaar’s revenue from operations surged to Rs 1,711 crore in Q3 FY26 in contrast to Rs 1,292 crore in Q3 FY25, as per the firm’s financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (92%) of its operating revenue from insurance broker services, which rose to Rs 1,573 crore in Q3 FY26 from Rs 1,132 crore in Q3 FY25. Besides operating revenue, the firm also earned Rs 144 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 1,856 crore in the quarter ending December 2025. PolicyBazaar has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose 25% YoY to Rs 607 crore. Overall, the company's total costs grew 27% to Rs 1,655 crore in Q3 FY26 compared to Rs 1,307 crore in Q3 FY25. PolicyBazaar's net profits surged 164% to Rs 189 crore in Q3 FY26 from Rs 71.5 crore in Q3 FY25. Sequentially, its profit increased by 40% from Rs 135 crore in Q2 FY26. At the end of the day, PolicyBazaar traded at Rs 1,545 with a total market capitalization of Rs 71,483 crore (approximately $7.8 billion).

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