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 due to the ban on real-money gaming, which impacted one of its portfolio companies, PokerBaazi. In its balance sheet, Nazara recognised an aggregate reduction of INR 914.7 Cr in its investment in PokerBaazi, shedding the investment value 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'...