
Nazara Technologies Q4 Results 2026: Date, Revenue, PAT & Analyst Outlook
Mon Apr 13 2026

Nazara Technologies (NSE: NAZARA) is preparing to announce its Q4 FY26 financial results for the period ended March 31, 2026. The board of directors is scheduled to meet on May 2026 (Expected) to approve the audited statements and consider a final dividend recommendation. With the stock at Rs 950 — against a 52-week high of Rs 1,320 and 1-year return of -24% — the Q4 FY26 results will be a pivotal event for investors.
Analyst estimates for Q4 FY26 revenue stand at Rs 350-390 Cr, with PAT expectations of Rs 28-38 Cr and margin projections of EBITDA 16-19%. This article covers the Nazara Technologies Q4 results 2026 date, earnings estimates, five key performance factors, five risks, analyst ratings, and investor FAQs.
Nazara Technologies Q4 Results 2026 Date
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| Company | Results Date | Article |
| TCS | April 9, 2026 | Preview on Univest |
| Infosys | April 23, 2026 | Preview on Univest |
| Nazara Technologies | May 2026 (Expected) | This article |
Why This Quarter Matters
Nazara Technologies enters Q4 FY26 with expectations of 15-20% YoY revenue growth. Q4 determines full-year FY26 performance, sets FY27 estimate baselines, and triggers final dividend announcements. At a 1-year return of -24%, this quarter’s results and FY27 guidance will be critical for determining whether the stock can sustain recovery momentum.
Nazara Technologies Q4 FY26 Earnings Estimates

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| Metric | Q3 FY26 Actual | Q4 FY26 Estimate | Driver |
| Revenue | Rs 310 Cr | Rs 350-390 Cr | Volume + pricing |
| PAT | Rs 24 Cr | Rs 28-38 Cr | Operating leverage |
| Margin | EBITDA 16.4% | EBITDA 16-19% | Cost control |
| Key Growth Metric | Q3 trend | 15-20% YoY revenue growth | Management execution |
| Dividend Estimate | — | Nil expected | Board recommendation |
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5 Key Factors That Will Drive Nazara Technologies Q4 FY26 Performance
Revenue Momentum
Analysts expect Rs 350-390 Cr in Q4 FY26 revenue versus Rs 310 Cr in Q3. Q4 is seasonally important for the Gaming/Media sector and the ability to convert the pipeline into recognised revenue will be the first performance test.
Margin Trajectory
Q4 FY26 margin expectations are EBITDA 16-19% versus EBITDA 16.4% in Q3. Input cost trends, employee expenses, and pricing power will determine whether the company can sustain or improve on Q3 levels.
PAT Quality
Net profit is estimated at Rs 28-38 Cr. Investors will assess whether PAT is driven by operational improvement or non-recurring items. A clean recurring profit print is most positively received by institutional investors.
Management Guidance for FY27
The most consequential output will be FY27 guidance — revenue growth bands, margin targets, and capex plans. In the current global macro environment, credible FY27 guidance carries significant weight for the stock’s re-rating potential.
Dividend Declaration
Nazara Technologies is expected to consider a final dividend of Nil expected. The quantum signals management’s confidence in free cash flow generation and sets expectations for FY27 capital allocation strategy.
5 Risks to Watch in Nazara Technologies Q4 FY26
US Tariff and Macro Headwinds
The 26% US reciprocal tariff on Indian goods has created macro uncertainty. For Nazara Technologies, indirect impacts include FII outflows and earnings estimate cuts if global demand slows. India-US trade negotiations remain the most important macro catalyst.
Earnings Miss Risk
If Nazara Technologies’s Q4 FY26 results miss estimates, the stock could correct sharply. Investors should monitor revenue versus Rs 350-390 Cr and PAT versus Rs 28-38 Cr as the two primary watchpoints.
FY27 Guidance Below Consensus
If FY27 guidance falls below Street expectations, the stock may decline even if Q4 numbers are in line. Forward guidance carries more weight than the reported quarter in the current environment.
FII Outflow Continuation
FIIs sold Rs 22,000 crore in Indian equities in a single week following the tariff announcement. Continued selling would create headwinds for Nazara Technologies regardless of company-specific fundamentals.
Sector Regulatory Risk
The Gaming/Media sector faces evolving regulatory frameworks. Policy changes that increase compliance costs or alter competitive dynamics could affect Nazara Technologies’s profitability beyond current consensus models.
Nazara Technologies Share Price and Analyst Ratings

Nazara Technologies is trading at Rs 950 as of early April 2026, against a 52-week high of Rs 1,320 and 52-week low of Rs 720. Market cap stands at Rs 5,600 Cr.
| Brokerage | Rating | Target Price | Thesis |
| MOFSL | Buy | Rs 1,250 | India gaming + esports + edtech media |
| YES Securities | Buy | Rs 1,220 | Nodwin + SportsKeeda acquisition value |
| JM Financial | Add | Rs 1,180 | Profitability improving across verticals |
| Emkay | Buy | Rs 1,200 | First-mover India gaming beneficiary |
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Conclusion
Nazara Technologies Q4 FY26 results on May 2026 (Expected) will be a key event for investors monitoring the Gaming/Media sector. Analysts project PAT of Rs 28-38 Cr and revenue of Rs 350-390 Cr. At a CMP of Rs 950 with analyst targets from Rs 1,200 to Rs 1,250, FY27 guidance will be the most critical post-results catalyst.
For more Q4 FY26 previews, visit Univest Blogs.
Frequently Asked Questions
What is the Nazara Technologies Q4 results 2026 date?
The Nazara Technologies Q4 results 2026 date is May 2026 (Expected). The board will meet to approve audited Q4 FY26 financials and consider a final dividend recommendation.
What is the Nazara Technologies Q4 FY26 PAT estimate?
Analysts estimate Nazara Technologies Q4 FY26 PAT at Rs 28-38 Cr, based on revenue of Rs 350-390 Cr and margin of EBITDA 16-19%.
What is Nazara Technologies’s share price ahead of Q4 results?
Nazara Technologies is trading at Rs 950. The 52-week high is Rs 1,320 and low is Rs 720. The 1-year return is -24% and market cap is Rs 5,600 Cr.
Will Nazara Technologies declare a dividend in Q4 FY26?
Nazara Technologies is expected to consider a final dividend of Nil expected at the Q4 FY26 board meeting on May 2026 (Expected).
Which analysts have a Buy rating on Nazara Technologies?
MOFSL (Buy, Rs 1,250), YES Securities (Buy, Rs 1,220), JM Financial (Add, Rs 1,180), Emkay (Buy, Rs 1,200) have positive ratings heading into Q4 FY26.
What were Nazara Technologies Q3 FY26 results?
Nazara Technologies reported Q3 FY26 revenue of Rs 310 Cr and PAT of Rs 24 Cr, with margin at EBITDA 16.4%. These form the baseline for Q4 FY26 consensus estimates.
When do TCS and Infosys announce Q4 results 2026?
TCS declared Q4 FY26 results on April 9, 2026. Infosys Q4 FY26 results are scheduled for April 23, 2026. Read both previews on Univest Blogs.
Is Nazara Technologies a good investment ahead of Q4 results?
This depends on your risk appetite and portfolio context. Nazara Technologies has compelling long-term factors alongside genuine near-term risks. Consult a SEBI-registered financial advisor before investing.
Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only. All financial data and analyst estimates are sourced from publicly available information. Verify before investing. Consult a SEBI-registered advisor before making investment decisions.
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