iWorld
Eros Now partners with Live Satellite Media to bolster presence across India
Mumbai: South Asian entertainment platform Eros Now has partnered with Mumbai-based Live Satellite Media, part of the ABS group to ensure delivery of video services across all parts of the country. As part of the deal ABS Subsidiary, Live Satellite Media will distribute and enable Eros Now subscriptions through various modes, including unique bundling, prepaid codes, and API integration of the SVOD platform across its extensive customer base.
“We will do bundling of various OTT apps and will distribute to ISP, MSO, LCO & other platforms all India. This will be a unique distribution of bundling of all OTT platforms under one company,” said ABS Group CMD Atul B Saraf. “And, by partnering with Eros Now, we can offer a unique experience of OTT platforms to our customers. We will leverage our 30 years of distribution network management experience to ensure the service reaches the multicultural and multilingual audience at large.”
A noted multi-system operator- ABS Group carries a strong presence in Mumbai for 30 years. Live Satellite Media was founded in 1996 to distribute corporate advertisement on cable networks across India with over 2000 MSO affiliated to it. In 2004 India’s only health & wellness channel was launched by the group with 100 per cent in-house production with more than 1000 hours of library. In 2008 through its subsidiary ABS Media Service had distributed various satellite channels on all platforms for carriage fees & revenue as pay channel. ABS also owns various other companies such as ABS digital cable, ABS broadband services.
The company is now in the process of finalising as many as six OTT platforms. “We should be able to close it by next month,” said Saraf, who has been in the Satellite and Cable TV Industry for over 30 years. In 1994 he founded Seven Star Satellite Cable Network in Mumbai which became one of the biggest Independent Multi System Operators.
Talking about the partnership, Eros Now, senior vice president – distribution and alliances, Manpreet Bumrah said, “This partnership is unique and enables us to tap into Live Satellite Media’s massive distributions network of customers and serve them with Eros Now’s enormous library of Bollywood movies, originals, music, short-format content, and more.”
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.
