India, Nov. 12 -- Gaming company Nazara Technologies plunged into the red in Q2 FY26, posting a net loss of INR 33.9 Cr against a net profit of INR 16.2 Cr in the year-ago quarter. In the previous quarter, Nazara's PAT stood at INR 51.3 Cr.

The company fell into a loss in the quarter as the real-money gaming ban took its toll on its investment in RMG startup PokerBaazi. The company recognised an aggregate reduction of INR 914.7 Cr in its investment in PokerBaazi, reducing the value of the investment to INR 96.5 Cr.

"After recognising the impairment loss, Nazara reported a standalone net loss of INR 966.95 Cr during the quarter and INR 939.34 Cr for the year-to-date period. Despite this exceptional and non-recurring loss, the company's s...