iWorld
Jio AirFiber set to be unveiled in September
Mumbai: Reliance Industries chairman Mukesh Ambani revealed in a virtual annual general meeting that Jio will launch Jio AirFiber, its fixed wireless access offering on 19 September. Jio, which has 50 million 5G users, shall have a pan- India coverage by December 2023. It will also be among the first globally to put 6G competencies in place, as per media reports.
The launch of Jio AirFiber comes on the heels of its rival, Bharti Airtel launching its own device commercially, and is anticipated to swell the former’s addressable market to over 200 million high-paying homes and premises, over the next three years.
Mukesh also brought out that “providing last-mile connectivity is a painstaking process in most parts of our country,” and that’s where the fixed-wireless broadband offering, Jio AirFiber, would play a role. Additionally, he pointed out that Jio has more than 450 million subscribers, say reports.
As of now, the pricing of the new offering is under wraps. The new service is expected help the telco multiply its connected premises to 1,50,000 connections per day, which is a 10-fold growth from 15,000 premises a day that optical fibre would allow.
Mukesh also underlined the in-house developed Jio 5G stack which possesses features like standalone 5G architecture, network slicing, carrier aggregation, and AI/ML capabilities.
Jio’s 5G customer has reached 50 million since the October 2022 launch, and Jio 5G is already present in over 96 per cent of the census towns of the country.
Reliance Jio chairman Akash Ambani also spoke about the telco building a ‘transformative platform’ which will alter the way Indian enterprises, small businesses, and tech start-ups work with the digital world.
He also announced the Jio True5G Developer Platform – a comprehensive platform combining the 5G network, edge computing, and a spectrum of applications and services.
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.
