Gaming
30,000+ people attended India’s creator fest ‘Stanfest2024’
Mumbai: Stan platform organised “Stanfest 2024” on 24 November in Phoenix Palassio mall, bringing together India’s top 200+ creators, 30,000+ attendees, gaming enthusiasts, and fans in a one-of-a-kind gaming and creator event.
The event witnessed top creators and their die-hard fans (Stans), concluding on a high note and making Lucknow the new star in the gaming industry. The Stanfest witnessed a footfall of 30,000+ Fans and brought together top creators and gaming enthusiasts under one roof creating a sense of excitement. Among the key highlights was the participation of popular gaming and lifestyle creators and social media influencers, like Ashish Chanchalani, Fukra Insaan, Round2Hell, UK07 Rider, Mortal, Anurag Dwivedi, Shayar, Chill Gamer, Achanak Bhayanak Gaming and many gaming influencers, and more.
At Stanfest, CEO Parth Chadha revealed that the platform has now empowered over 500,000 creators. He also highlighted that the app’s early monetization features have enabled creators to collectively earn over $1 million in just the past six months. Stan is quickly establishing itself as a leading force in driving innovation and growth within the creator economy.
The event enabled the fans to meet their favourite creators, interact, capture moments and create unforgettable memories. It also offered Esports LAN tournaments, gaming awards, live music shows and other performances. The Cosplay section showcased award-winning artists bringing gaming characters to life. The crowd enjoyed a rousing live music performance bringing the night to a close.
“Engaging with such an enthusiastic and vibrant audience was an absolute thrill! I’m truly grateful for the warm welcome in Lucknow. I would like to thank the STAN team for making this experience unforgettable. Seeing all fans together is always an amazing experience. Looking forward to more moments like this!”says Ashish Chanchlani.
Different arenas with interactive experiences were enabled during the fest including custom games in BGMI and Free Fire and other mini games and a club-style gaming experience were also available. The event was full of fun and excitement, with activities like meet-and-greet sessions and mini-games. Participants could win prizes worth Rs 25 lakh, including big rewards like a Royal Enfield Bullet and a Mahindra Thar.
Speaking about the event, the co-founder & COO Nauman Mulla said, “ It was indeed a pleasure to receive so much love from Lucknow. We are elated to share that we have organised India’s biggest creator meet up in India with 200 + creators that has never been seen before in India but we finally made it happen . Stanfest is a major milestone for us, bringing together the brightest creators in a way that reflects the rapid growth of our community. This has been the largest yet, and we’re excited to introduce new experiences that will set the tone for the future of gaming and content creation in India.”
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.
