Shares of surged 9.70 per cent in Thursday's trade to hit a high of Rs 281.55, even as the diversified gaming and sports media company reported a consolidated net loss of Rs 33.9 crore for the second quarter (Q2 FY26).

This marks Nazara's first loss-making quarter since its market debut in 2021. Advertisement

The quarterly loss was mainly due to a one-time impairment of Rs 914.7 crore on its investment in Moonshine Technologies, which operates PokerBaazi.

The impairment followed the government's recent decision to impose a blanket ban on real-money gaming in the country, affecting valuations across the sector.

Nazara also recorded a one-time gain of Rs 1,098.5 crore during the quarter after its stake in Nodwin Gaming fell below 50 per cent, resulting in the business being de-subsidiar

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