Communication Services
Nazara Technologies Limited (nazara) Q2fy27: Revenue Up 53% to INR 803 Crore
Nazara Technologies Limited (NSE: NAZARA) reports record Q2FY27 revenue up 53% to INR 803 crore, EBITDA up 93%.
Nazara Technologies Limited (NSE: NAZARA) announced its financial results for the quarter and half year ended 30 September 2026. This quarter marks a defining step in Nazara’s evolution into a global gaming platform, combining a portfolio of owned game IPs across mobile, PC & console, and offline, shared group capabilities in marketing, data, product, and technology, and disciplined capital allocation.
Record Quarter
Nazara reported its highest-ever quarterly revenue of INR 803 crore, up 53% year-on-year. EBITDA grew 93% to INR 120 crore, and EBITDA margin expanded 311 bps to 14.9%. Profit after tax from continuing operations was INR 35 crore, compared with a loss of INR 34 crore in Q2FY26.
Gaming Dominance
Gaming revenue grew 122% YoY to INR 656 crore at a 21.5% EBITDA margin. Gaming contributed 82% of consolidated revenue and effectively all EBITDA before corporate costs. Mobile grew revenue 167% to INR 550 crore.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Nazara Technologies Limited
Nazara Technologies Limited belongs to the Communication Services › Electronic Gaming & Multimedia sector. Here’s a quick read on where the business and the stock stand today.
Nazara gains 37.3% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 2 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. RSI hits 74, a level that signals the stock runs hot. Notably, buyers drove volume on 19 recent sessions — though at these levels, some profit-taking is normal. The stock rises 37.3% in three months on 18.8% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Nazara Technologies Limited.
Communication Services
Tata Communications Limited (tatacomm) Announces Major Network Capacity Expansion Plan
Tata Communications Limited (TATACOMM) plans to add 6 Pbps network capacity by FY 2036 with a ₹4,350 crore investment.
Tata Communications Limited (TATACOMM) has announced a significant expansion plan to enhance its network capacity. The company intends to add an additional 6 Petabits per second (Pbps) of network capacity by FY 2036. This expansion will be funded through operating cash flows and is expected to cost ₹4,350 crores (~US$400-450 million). This move aims to meet the growing demand for high-speed internet and data services globally.
Strategic Expansion
The proposed capacity addition will significantly boost Tata Communications’ existing network capacity, which currently stands at 1.25 Pbps. The company’s current network capacity utilization is between 70% and 80%. This strategic expansion will allow Tata Communications to offer more robust and reliable services to its customers, thereby strengthening its competitive edge in the global telecommunications market.
Investment and Timeline
The investment required for this expansion is substantial, amounting to ₹4,350 crores. The company plans to finance this expansion primarily through its operating cash flows, ensuring that the expansion aligns with its financial strategy. The timeline for this project is set between FY 2030 and FY 2036, which indicates a long-term commitment to infrastructure development.
Future Outlook
As a result of this expansion, Tata Communications is well-positioned to cater to the increasing demand for high-speed data services. The company’s proactive approach to infrastructure development underscores its commitment to innovation and customer satisfaction. With this expansion, Tata Communications Limited is set to reinforce its leadership in the global telecommunications sector.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Tata Communications Limited
Tata Communications Limited belongs to the Communication Services › Telecom Services sector. Here’s a quick read on where the business and the stock stand today.
Tata moves sideways over three months, with neither buyers nor sellers taking control. D/E reaches 4.09. High leverage in this environment is a material risk the market cannot ignore. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock holds at 53% of its 52-week range with RSI at 57. In other words, neither side has a clear edge right now. The stock rises -4.1% in three months on 11.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Tata Communications Limited.
Communication Services
Imagicaaworld Entertainment Limited Q2 FY27: Board Approves Novotel Sale, New Park Acquisition
Imagicaaworld Entertainment Limited (NSE: IMAGICAA) reports Q2 FY27 results, highlights board approval for Novotel sale and new park acquisition.
Imagicaaworld Entertainment Limited (BSE: 539056; NSE: IMAGICAA) announced its Q2 FY27 business update for the quarter ending September 30, 2026. Despite seasonal downturns, the company navigated a challenging Q2 with key strategic moves. The consolidated footfalls across all parks stood at 2.1 lakh, a 6% drop year-on-year due to heavy rains in July and August 2026.
Board Approves Sale of Novotel Imagicaa
The Board of Directors approved the sale of Novotel Imagicaa to Juniper Hotels Ltd (JHL) for Rs. 248 crores. A binding Memorandum of Understanding (MoU) was executed in the first week of October 2026. The company has received the balance 75% subscription amount of Rs. 129.45 crore, converting all convertible warrants into equity shares.
New Park Acquisition
Imagicaaworld Entertainment Limited has acquired a 50% stake in Mehsana Next Parks Private Ltd, the Special Purpose Vehicle (SPV) that operates Shanku’s Water Park in Mehsana, between Ahmedabad and Gujarat City. This acquisition diversifies the company’s portfolio and adds a new landmark to its entertainment offerings.
As a result, the company is set to launch its first Hello Park in Q3 FY27 in Hyderabad, marking a significant step in its indoor entertainment expansion. The company remains committed to providing world-class entertainment experiences across its parks.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Imagicaaworld Entertainment Limited
Imagicaaworld Entertainment Limited belongs to the Communication Services › Entertainment sector. Here’s a quick read on where the business and the stock stand today.
Imagicaaworld moves sideways over three months, with neither buyers nor sellers taking control. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 38% of its 52-week range with RSI at 36. In other words, neither side has a clear edge right now. Revenue grows at 13.0% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Imagicaaworld Entertainment Limited.
Communication Services
Tata Communications Limited (tatacomm) Q2fy27: Digital Margins Improve, AI Investments Pay Off
Tata Communications Limited (TATACOMM) reports improved digital margins and significant AI investments for Q2FY27, driving growth and profitability.
Tata Communications Limited (TATACOMM) has announced its Q2FY27 results, highlighting improved digital margins and significant investments in AI. The company reported a digital margin of -3.6% in Q2FY27, a notable improvement from -9.7% in FY25 and -6.9% in Q1FY27. This improvement is attributed to strategic investments in GPU infrastructure and the development of a unified AI stack.
Accelerated Network Growth
The company’s focus on network growth has driven profitability. The digital portfolio is on the path to breakeven, with a significant reduction in digital margins. The investment in sovereign AI infrastructure has given enterprises secure, compliant, and auditable data residency, enhancing customer trust.
AI Workforce and CX Transformation
Tata Communications’ AI-driven solutions have delivered impressive customer outcomes. A large FMCG company uses AI-generated briefs for its field force, while a leading insurer leverages AI workers for sales, claims, and service, resulting in 700+ agents handling 600K+ voice AI minutes per month. These initiatives underscore the company’s commitment to transforming customer experience through intelligent automation.
As a result, Tata Communications Limited is well-positioned to drive absolute EBITDA growth, NPS, and ESAT, with a clear focus on agility in operations and profitability.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Tata Communications Limited
Tata Communications Limited belongs to the Communication Services › Telecom Services sector. Here’s a quick read on where the business and the stock stand today.
Tata falls 9.8% over three months and has not found a floor yet. D/E reaches 4.09. High leverage in this environment is a material risk the market cannot ignore. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock holds at 43% of its 52-week range with RSI at 41. In other words, neither side has a clear edge right now. Revenue grows at 11.6% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Tata Communications Limited.
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