Nazara posts ₹82.5 crore Q1 loss as Nitish Mittersain set to step down as CEO
Nazara Technologies reported a ₹82.47 crore consolidated loss in Q1 FY27, versus a ₹51.34 crore profit a year earlier, as revenue fell 14% to ₹428.77 crore. Founder Nitish Mittersain will step down as CEO on September 1, while the company advances its $303 million Bluetile and BestPlay buyout.
Nazara reported a ₹82.47 crore Q1 FY27 loss as revenue fell 14% year-on-year to ₹428.77 crore. Nitish Mittersain will step down as CEO in September, while the company expanded its Bluetile and BestPlay acquisition to a full $303 million buyout.
Why this matters
The leadership transition coincides with Nazara's latest earnings pressure, following recent signals on its ₹82.5 crore Q1 FY27 loss and 14% operating-revenue decline, as well as Mittersain's planned move to managing director.
Leadership is steady at 1,005 signals over the past 90 days.