Two months of Bluetile and Bestplay put ₹329 crore into Nazara's record quarter; its existing studios grew 11 per cent

Nazara Technologies UK Limited acquired 100 per cent of the equity share capital of Bluetile Games and Bestplay Systems with effect from 1 August 2026, for an aggregate cash consideration of USD 303 million net of working capital, debt and cash-like adjustments ^[2]. USD 85.65 million was paid on 4 August 2026 and the balance is payable in three tranches on or before April 2027 ^[2].

The two businesses contributed ₹329 crore of revenue and ₹64 crore of EBITDA in August and September, their first two months inside the group, Nazara's results release says ^[5]. Bluetile and Bestplay were 49 per cent above the comparable period on revenue, Businessworld reported ^[6].

Nazara's release puts consolidated revenue for the quarter at ₹803 crore, up 53 per cent year on year, and EBITDA at ₹120 crore, up 93 per cent ^[5]. The filing gives revenue from operations of ₹80,315 lakh for the quarter to 30 September 2026, against ₹52,646 lakh for the quarter to 30 September 2025 ^[2]. Half-year revenue was ₹123,192 lakh against ₹102,523 lakh in the prior-year period ^[2].

Gaming segment revenue was up 122 per cent to ₹656 crore at a 21.5 per cent EBITDA margin, on the release's figures ^[5]. The filing's segment table gives ₹65,638 lakh for Gaming, ₹12,398 lakh for Ad tech and ₹2,279 lakh for eSports for the quarter ^[3]. eSports revenue for the half-year was ₹5,058 lakh ^[3].

Growth across the group's existing gaming studios was 11 per cent in revenue and 17 per cent in EBITDA, chief executive Raymond Stauffer said in the release ^[5]. Note 4 to the results states that the consolidated results for the current periods include the results of the acquirees from 1 August 2026 "and are therefore not comparable with the comparative periods" ^[2].

Goodwill stood at ₹312,055 lakh as at 30 September 2026 ^[3]. Other intangible assets stood at ₹104,210 lakh on the same date ^[3]. Other current financial liabilities stood at ₹231,259 lakh, against cash and cash equivalents of ₹39,879 lakh ^[3]. Total current liabilities were ₹307,793 lakh ^[3].

The consolidated cash flow statement gives ₹51,554 lakh used in obtaining control of subsidiaries or other businesses over the half-year ^[3]. Consolidated profit for the quarter was ₹3,536 lakh, while the half-year carries a consolidated loss of ₹4,711 lakh ^[3].

Nitish Mittersain, who the filing says founded Nazara Technologies in 1999, was re-designated from managing director to Founder and Non-Executive Director with effect from the close of business on 12 October 2026 ^[4]. Mithun Padam Sacheti, the founder of CaratLane, was re-designated from non-executive director to whole-time director designated Executive Director, for a term of five years, with effect from 12 October 2026 ^[4]. Rakesh Shah resigned as chief financial officer with effect from the close of business on 15 October 2026 ^[4]. Arun Agrawal was appointed chief financial officer with effect from 16 October 2026 ^[4].