Gaming
Esports athlete Scout invites students to join College Rivals competition in Delhi
Mumbai: Gaming truck ‘College Rivals’ was united with India’s vibrant esports community for an electrifying start as it embarked on its impressive journey from Delhi. Amidst the esports action more than 1000 gaming fans cheered and were thrilled to engage with iconic esports athlete and streamer, Scout who visited the city inviting college students to join the rivalry at Delhi Technological University.
Kickstarting its journey from IIIT-Delhi, the gaming truck will also visit other prestigious colleges in the city, such as Delhi Technological University, Galgotias University, Shiv Nadar University, and Amity University. It aims to cover 5,000 kilometers to reach gaming enthusiasts across the length and breadth of the country. The college rivals gaming truck is set to revolutionise the Indian esports ecosystem by engaging with students, facilitating player selections, and providing a wide range of immersive experiences, including intense esports, vibrant tournaments, influencer interactions, and live DJ music. ‘College Rivals’ is a groundbreaking new esports competition, that promises to be a festival of non-stop fun, and unlimited entertainment launched by Ampverse, Asia’s largest ecosystem of gaming communities and IPs, in a joint venture with DMI Finance.
Expressing his excitement, Tanmay Singh Athlete aka Scout, said “I feel honored and thrilled to invite students to be a part of College Rivals and take the gaming world by storm with this competitive esports tournament. College Rivals sets itself apart from the rest of the gaming ecosystem by providing thrilling career opportunities to esports enthusiasts across the country. College Rivals has truly set a new benchmark and is a testament to the rapid growth of the esports ecosystem in India. The tournaments are one of a kind and are sure to play a pivotal role in boosting a promising future for aspiring gamers and players.”
Colleg Rivals grand finale is scheduled for mid-September and will mark the conclusion of the Delhi leg following its journey to other cities such as Hyderabad, Bangalore, Pune, and Mumbai. The unique collegiate festival invites students and gamers from all across the country to join the competition and be prepared for an event that will truly unleash India’s gaming potential!
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.
