Gaming
Skyesports Masters 2024 India Qualifier gets underway
Mumbai: Skyesports, an esports tournament organiser, is set to host the Skyesports Masters 2024 India Qualifier from 28 to 31 March. Eight of the country’s best teams will be competing for the title and a slot in the Skyesports Masters Main Event. The prestigious main event of the tournament will see teams from Europe and India, competing for a share of the $350,000 prize pool.
Here’s everything you need to know about the Skyesports Masters India Qualifier.
Eight teams will be competing in the closed qualifier. Six of these have been directly invited while two have made it through the open qualifier.
. 2ez Gaming
. Carvinal Gaming
. Gods Reign
. Grayfox Esports
. Marcus Gaming
. True Rippers
. Crescent
. Frag Theory
Coming into the tournament, Gods Reign is one of the favourites to win, having previously won the India Qualifier for the Skyesports Grand Slam. The team also secured an impressive second-place finish at the Skyesports Grand Slam Main Event in Pune earlier this month. However, with a formidable lineup from the other teams, including a newly-signed roster from Carnival Gaming, the India Qualifier is set to feature intense Counter-Strike 2 esports action.
The eight teams will lock horns in a double-elimination bracket, with the winner advancing to the Skyesports Masters Main Event. All matches will be live-streamed on the Skyespors YouTube and Twitch channels.
The India champion from the Qualifier will face Aurora Gaming, BIG, ENCE, Ninjas In Pyjamas, OG, Forze Esports, and BetBoom Team in the Skyesports Masters Main Event. Scheduled to take place from April 8 to 14, the eight teams will be fighting for a share of the $350,000 prize pool.
Skyesports, headquartered in Chennai, has been on an aggressive international expansion strategy. The Skyesports Masters is the second event in Skyesports’ 2024 Counter-Strike 2 esports roadmap which features a total prize pool of $1 million.
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.
