iWorld
FanCode to stream inter-school sports from Mumbai
MUMBAI: This has been some time in the works. College and high school sports are massive money spinners for all in the US. Indian platforms too are getting in on this future growth opportunity.
Take streamer FanCode; it has obtained the media rights to broadcast some of the marquee events organised by the Mumbai School Sports Association (MSSA) across multiple sports.
Earlier, the Dream Sports Foundation (DSF) and MSSA had inked a partnership which aims to improve young sports by developing grassroots talent.
The coverage begins with the under-16 cricket championship for the Harris Shield which is being streamed on FanCode for the second year in succession. Anjuman-I-Islam Allana English School and Modern English School ,Chembur are facing off in this year’s final between December 16-18 at Brabourne Stadium. The Harris Shield has seen the emergence of greats such as Sachin Tendulkar, Vinod Kambli, Yashasvi Jaishwal, among many others. It is being accompanied by the coverage of the championship battle for the under-14 Giles shield .
FanCode co-founder Yannick Colaco said that the decision to telecast the Harris Shield last year was a landmark one for amateur sports. “We are delighted to continue providing a platform to the next generation of superstars and extending this to sports beyond cricket, with athletics, hockey, football and other events that MSSA will organise. This is also in line with our larger goal of nurturing a sporting culture, by offering a platform for families and friends to come together and show their support for the athletes,” he added.
Among the other events that are to be streamed include: the inter-school athletic meet, Inter-school Hockey Tournament finals for The Aga Khan Hockey Cup, and Inter-school Football Tournament.
Sports lovers can watch the tournament via FanCode’s mobile app, TV app for Android TV, Amazon Fire TV Stick, Jio STB, Samsung TV, Airtel XStream, OTT Play, Prime Video, WatchO, and the FanCode website.
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.
