iWorld
Prime Video bags top honors at the Indian Film Festival of Melbourne 2023 Awards
Mumbai: Prime Video, India’s most loved entertainment destination, has won the top honors at the prestigious Indian Film Festival of Melbourne (IFFM) 2023 Awards. Prime Video’s original series, Jubilee, won the coveted best series Award, while Vijay Varma bagged the award for best actor for his hard-hitting performance in the original series, Dahaad. In addition to this, blockbuster film Sita Ramam, which premiered globally on Prime Video in Telugu, Tamil, Kannada, and Malayalam, post its theatrical release, won the award for best film.
Created by Vikramaditya Motwane and Soumik Sen, and directed by Vikramaditya Motwane, Jubilee took viewers on a poignant journey through the golden age of the Hindi film industry, and was loved by viewers in India and around the world. The show features a pan-India cast including Prosenjit Chatterjee, Aparshakti Khurana, Aditi Rao Hydari, Sidhant Gupta, Wamiqa Gabbi, Ram Kapoor, Nandish Sandhu, among others.
Produced by Excel Media & Entertainment and Tiger Baby Films, the series is created by Reema Kagti and Zoya Akhtar. Dahaad stars Sonakshi Sinha, alongside Vijay Varma, Gulshan Devaiah, and Sohum Shah and is directed by Reema Kagti and Ruchika Oberoi with Ritesh Sidhwani, Zoya Akhtar, Farhan Akhtar, and Reema Kagti serving as executive producers on the series.
Premiering on Prime Video in four languages (Telugu, Tamil, Kannada and Malayalam) after its theatrical release, Sita Ramam, a period romantic drama, has reached audiences worldwide, and has been loved by one and all! The film stars Dulquer Salmaan, Mrunal Thakur, Rashmika Mandanna, among others, has been directed by Hanu Raghavapudi, and produced by Vyjayanthi Movies and Swapna Cinema.
The Indian Film Festival of Melbourne is the largest annual celebration of Indian cinema outside of India. The festival showcases some of the most diverse, inclusive, ground-breaking films and filmmakers, all whilst encapsulating the best of Indian cinema from the Indian subcontinent.
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
