India, Aug. 14 -- Over the past few years, Nazara Technologies has had an aggressive run of acquisitions, especially in gaming IPs. While analysts had their reservations about its unabated expansion spree, the gamble seems to be paying off.

In the first quarter (Q1) of financial year 2025-26 (FY26), Nazara posted a net profit of INR 51.3 Cr, up 117.6% year-on-year (YoY). Sequentially, the metric is up a whopping 1,183% from INR 4 Cr. Operating revenue doubled to INR 498 Cr during the quarter under review from INR 250 Cr in Q1 FY25. However, revenues declined a mere 4.1% from INR 520 Cr in Q4 FY25.

Key areas, including gaming and adtech, benefited from Nazara's aggressive global expansion and IP portfolio building. The company attributed...