iWorld
Mirchi Kannada celebrates independent artists of Bengaluru #Sakkath independent magga
Mumbai: Mirchi, India’s no.1 city-centric music and entertainment company, is celebrating the spirit of India’s Independence Day in Bangalore, through a week-long initiative called Sakkath Independent Maga. Mirchi has brought music to the centre of these celebrations by collaborating with independent artists from the Kannada industry, providing them with a platform to connect and engage with listeners across the city. Popular Kannada artists including Rapper Gubbi, MC Bijju and Aura, Chandan Shetty, All Ok, Vasu Dixit, and Sangeetha Rajeev don the hat of RJs to take over the airwaves for a week filled with music, passion, and nostalgic warmth.
Each day the listeners have the opportunity to immerse themselves in the captivating beats and rhythms of Kannada’s independent music scene. The artists eloquently present their unique interpretations of freedom, weaving them into raps and rhymes on-air and across Mirchi’s digital platforms. Extending this initiative to social media, Mirchi has curated multiple artist-led content pieces, to keep its audience entertained.
Commenting on this initiative, Mirchi ENIL business director (Bengaluru, Karnataka) Pushpendra Singh said, “Over the past two decades Mirchi has remained steadfast in its commitment to provide a platform and creating opportunities for artists across the nation. This Independence Day Mirchi orchestrates a symphony that beautifully merges music, culture, and freedom, commemorating the remarkable diversity and talent inherent in the Kannada independent music scene. Through the power of radio, we aim to spotlight and amplify the voices that have shaped India’s music landscape. These artists have elevated the Independence Day celebrations through their raps and heart-warming stories.”
Tune in to Mirchi 98.3 to commemorate a harmonious nation and its myriad of voices during this Independence Week.
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.
