Gaming
S8UL partners with KRAFTON for official launch of Bullet Echo India
Mumbai: S8UL, an esports organisation has partnered with KRAFTON, the creators of the popular battle royale game – Battlegrounds Mobile India (BGMI), for the official launch of their latest game, Bullet Echo India.
Bullet Echo India is a multiplayer PvP tactical top-down shooter game, that invites players to form teams, devise strategies, and engage in adrenaline-fueled battles to emerge as the last team standing, similar to a battle royale.
S8UL’s lineup of renowned creators, including Mortal, Scout, Regaltos, Snax, JokerKiHaveli, PayalGaming, KaashPlays, and others, will create engaging content for their YouTube audiences during the official launch of Bullet Echo India. This collab is a mark of how S8UL and KRAFTON are always working together for bringing more life to the gaming experience in India. They had also collaborated for the launch of ‘Road to Valor : Empires’ early last year.
S8UL co-founder Lokesh Jain aka 8Bit Goldy, expressed his enthusiasm by stating, “We are delighted to partner with KRAFTON for the launch of Bullet Echo India, as this gives us another chance to bring new & enriching gaming experience to the community. With KRAFTON’s expertise and our deep understanding of the Indian gaming community, we are confident that Bullet Echo India will excite players across the country. I also look forward to it opening new avenues for esports athletes trying to make a mark in the competitive landscape”.
This partnership will enable KRAFTON to leverage the widespread, passionate fanbase, as well as the unique content of the organizations’ popular creators, to attract users across all demographics to the game.
Developed by KRAFTON in collaboration with ZeptoLab, Bullet Echo India is designed to captivate the Indian gaming community. Since its soft launch on 4 April, the game has rapidly ascended to the top of the charts on the Google Play Store, showcasing its immense popularity among Indian gamers.
“We are excited to join forces with S8UL for our Bullet Echo India. S8UL’s innovative approach has consistently set them apart, and their synergy is perfectly aligned with KRAFTON to deliver an unparalleled gaming experience that fans have been eagerly anticipating,” said India publishing advisor and KRAFTON India incubator programme head Anuj Sahani.
“The partnership between S8UL and KRAFTON for Bullet Echo India showcases our credibility and equity in the industry. As a player, I am particularly excited about the prospect of introducing Indian gamers to a unique gaming experience, offering a perfect blend of strategic gameplay and action-packed battles. I believe it is a must-play title for every gaming enthusiast and will make a significant impact in the Indian gaming market,” commented Tanmay Singh aka ScoutOP, an ex-Esports athlete who is currently a gaming creator of S8UL.
With S8UL’s co-founder Animesh Agarwal (8Bit Thug), alongside its creators PayalGaming, and Mortal recently engaging in a groundbreaking discussion with the honorable Prime Minister of India Narendra Modi, about the Esports industry, the organization continues to make waves for the development of the community. Their partnership with KRAFTON serves as a testament to their efforts to propel the growth of the Esports sector in India.
According to the FICCI-EY report titled ‘#Reinvent: India’s media & entertainment sector is innovating for the future,’ shooting games hold a prominent position in India, generating substantial in-app purchase revenues. Also, the rising popularity of gaming influencers has contributed to the expansion of the gaming ecosystem, attracting new cohorts of players.
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.
