• Startup Pulse
    Kalyani Steels names Amit Kalyani as Chairman, effective close of business on 28 October, succeeding Dr. Babasaheb Kalyani, who chaired the company since its incorporation. Info Edge MD and CEO Hitesh Oberoi will leave his executive role on 2 December; founder Sanjeev Bikhchandani becomes executive vice chairman, MD and group CEO from 3 December, subject to shareholder approval. Vama raises ₹19.03 crore in ongoing pre-Series A funding led by Writers and Publishers Private Limited (Dainik Bhaskar family office). CHOSEN raises an undisclosed amount in a Series A extension from Wellbeing Nutrition founders Avnish Chhabria and Saurabh Kapoor. QwikBuild raises $2.3 million in pre-seed funding led by Globalway, with Blume Ventures, DeVC and Marsshot participating. Kalyani Steels names Amit Kalyani as Chairman, effective close of business on 28 October, succeeding Dr. Babasaheb Kalyani, who chaired the company since its incorporation. Info Edge MD and CEO Hitesh Oberoi will leave his executive role on 2 December; founder Sanjeev Bikhchandani becomes executive vice chairman, MD and group CEO from 3 December, subject to shareholder approval. Vama raises ₹19.03 crore in ongoing pre-Series A funding led by Writers and Publishers Private Limited (Dainik Bhaskar family office). CHOSEN raises an undisclosed amount in a Series A extension from Wellbeing Nutrition founders Avnish Chhabria and Saurabh Kapoor. QwikBuild raises $2.3 million in pre-seed funding led by Globalway, with Blume Ventures, DeVC and Marsshot participating.
  • Nazara Technologies Q1 FY26: EBITDA Up 90 Per Cent, Board Approves Stock Split and Bonus Issue

    Nazara Technologies Q1 FY26

    Mumbai: Nazara Technologies Limited (NSE: NAZARA) has delivered a strong financial performance in the first quarter of FY26, with consolidated revenues surging 99% year-on-year to ₹498.8 crore (Nazara Technologies Q1 FY26).

    The company’s EBITDA grew 90% to ₹47.4 crore, translating to a robust 24.4% EBITDA margin in its core gaming business.

    Profit after tax (PAT) rose sharply by 118% to ₹51.3 crore in Q1 FY26, highlighting Nazara’s ability to maintain profitability while continuing to invest in future growth opportunities.

    Also Read: Nazara Technologies Acquires UK-Based Curve Games for INR 247 Crore

    Nazara Technologies Q1 FY26 Results Driven From Key Gaming Properties

    The strong results were driven by stellar performances from key gaming properties, including Fusebox, Animal Jam, and Curve Games, supported by Nazara’s Centers of Excellence in User Acquisition (UA) and Analytics.

    Nitish Mittersain, Joint MD & CEO of Nazara Technologies, said, “We are seeing early results from our sharpened focus on IP-led gaming and are reinvesting this momentum into expanding our IP portfolio and strengthening UA to drive sustained growth. We have also strengthened our leadership team with recent appointments bringing deep expertise in gaming.”

    Also Read: Fusebox Games Partners with Banijay Rights to Launch Big Brother: The Game

    In addition Nazara Technologies Q1 FY26 results reporting, the company’s Board of Directors approved the following corporate actions:

    • Stock Split: Sub-division of one equity share of ₹4 face value into two equity shares of ₹2 face value each.
    • Bonus Issue: 1:1 bonus issue, offering one bonus share of ₹2 face value for every one equity share held.

    Nazara Technologies Q1 FY26 performance reflects the growing strength of its IP-led gaming strategy and continued focus on innovation, operational excellence, and global market expansion.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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