Nikhil Kamath is a popular investor and trader in the Indian stock market. He is known for actively managing his investments and making smart choices in different industries. He has built a reputation for making timely moves that often influence market sentiment.
Let’s take a closer look at how Nikhil Kamath’s two listed stocks have performed in Q1. During this period, some of his major investments showed good growth, gaining value and giving positive returns. Overall, his portfolio reflects a balanced approach, where he focuses on picking stocks with strong potential while managing risks carefully.
1. Nazara Technologies Ltd
Nazara Technologies, India’s sole publicly traded gaming company, is a multifaceted gaming and sports media platform that operates in India, Africa, North America, and other global markets.
Its portfolio includes Curve Games, Kiddopia, Animal Jam, Fusebox Games, World Cricket Championship, Sportskeeda, Funky Monkeys, and Smaash Entertainment. The company aims to create a global gaming platform with strong intellectual property, publishing, and operational capabilities.
Well-known personnel and one of the founders of the leading discount broker app “Zerodha” Nikhil Kamath, under the name of Kamath Associates, holds around 15,04,782 shares, which consist of around 1.62 percent stake in the company as of June 2025.
Q1 Performance
Its Revenue from operations rose by 99.6 percent YoY from Rs. 250 Crores in Q1FY25 to Rs. 499 Crores in Q1FY26, and it declined by 4.03 percent QoQ from Rs. 520 Crores in Q4FY25 to Rs. 499 Crores in Q1FY26.
Its Net Profit YoY rose by 112.5 percent from Rs. 24 Crores in Q1FY25 to Rs. 51 Crores in Q1FY26, and in Q4FY25 it rose by 1,175 percent QoQ from Rs. 4 Crores to Rs. 51 Crores in Q1FY26.
The earnings per share (EPS) for the quarter stood at Rs. 7.38, compared to Rs. 2.96 in the previous year’s quarter. In Q1, the company reported revenue of Rs. 240.92 crore from Gaming, Rs. 154.14 crore from E-Sports, and Rs. 106.06 crore from Ad-Tech. Inter-segment revenue was Rs. −2.35 crore, resulting in total revenue from operations of Rs. 498.77 crore.
A latest update, the company has announced a sub-division of its equity shares, where each existing share of Rs. 4 will be split into 2 shares of Rs. 2 each. Additionally, it will issue bonus shares in a 1:1 ratio, giving one bonus share of Rs. 2 for every one share held after the split.
2. Ather Energy Ltd
Ather Energy Ltd is an Indian electric two-wheeler manufacturer headquartered in Bengaluru, founded in 2013. The company focuses on designing, developing, and assembling electric scooters, battery packs, charging infrastructure, and supporting software systems in-house.
It operates on a vertically integrated and software-defined business model, making it a pioneer in the Indian electric two-wheeler (E2W) market. Ather manufactures popular electric scooter models, including the Ather 450 series and Ather Rizta. The company also runs an extensive electric vehicle charging network called Ather Grid, featuring over 1,000 fast charging points in 80+ cities across India, supporting wide EV adoption.
Well-known personnel and one of the founders of the leading discount broker app “Zerodha”, Nikhil Kamath, under the name of Kamath Associates, holds around 68,77,350 shares, which consist of around 1.85 percent stake in the company as of June 2025.
Q1 Performance
Its Revenue from operations rose by 79.16 percent YoY from Rs. 360 Crores in Q1FY25 to Rs. 645 Crores in Q1FY26, and it declined by 4.58 percent QoQ from Rs. 676 Crores in Q4FY25 to Rs. 645 Crores in Q1FY26.
Its Net loss YoY declined from Rs. 183 Crores in Q1FY25 to Rs. 178 Crores in Q1FY26, and compared to Q4FY25, it declined QoQ from Rs. 234 Crores to Rs. 178 Crores in Q1FY26.
The earnings per share (EPS) for the quarter stood at negative Rs. 4.78, compared to negative Rs. 61.17 in the previous year’s quarter. The company reported a strong 97% year-on-year volume growth in Q1 FY26, with 46,078 units sold compared to 23,426 units in Q1 FY25. Over the past quarters, volumes have steadily increased, from 39,305 in Q2, 45,252 in Q3, to 47,411 in Q4 FY25, reflecting consistent demand and growth momentum.
Ather’s market share in South India has shown steady growth, rising from 13.2% in Q1 FY25 to 22.8% in Q1 FY26. This consistent increase across the quarters highlights the brand’s strengthening position and growing customer base in the region.
Latest Update, As of August 20, Ola Electric recorded 9,522 registrations only, while Ather Energy managed to pull ahead with 10,248 registrations. This gap suggests that Ather is gaining stronger traction in the electric two-wheeler market.
Written by Sridhar J
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