Nazara Tech Surges 5% After Strong Revenue and EBITDA Growth; Cochin Shipyard Slumps 8% Post-Q2 Results

Markets witnessed contrasting reactions to Q2 FY26 earnings on November 13, with Nazara Technologies rallying over 5% after posting a sharp surge in revenue and EBITDA, while Cochin Shipyard shares tumbled nearly 8% following profit-booking and muted guidance.

: Strong Operational Growth Despite One-Time Loss Nazara Tech shares rose to ₹270.75 apiece in early trade, as investors cheered the company’s strong operating performance. Despite reporting a net loss of ₹33.9 crore for Q2 FY26, Nazara delivered robust topline and EBITDA growth, signaling resilience in its core business. Revenue: Up sharply YoY on the back of growth in eSports and gamified learning segments. EBITDA: Jumped 146% YoY to ₹62 crore, driven by strong execution and cost discipline. Net loss: ₹33.9 crore, due to a one-time impairment of ₹914.7 crore related to its investment in Moonshine Technologies (PokerBaazi), following the government’s ban on real-money gaming. Excluding the exceptional loss, Nazara’s operational metrics indicate strong demand momentum across gaming and digital entertainment verticals.