Gaming
Welt Esports win debut 4TR Winter Premier League
NEW DELHI: Winter warmed up quickly for India’s esports faithful as 4TR Esports wrapped up its first Winter Premier League 2025, a high-octane BGMI tournament that mixed fierce competition with big ambition. After weeks of action, Welt Esports emerged champions, with Genesis Esports and Team Roman securing first and second runner-up spots.
The tournament marked a landmark moment for 4TR Esports, doubling as its first full-scale event series streamed on YouTube. With a prize pool of Rs 4 lakh and bragging rights firmly on the line, the league drew attention well beyond the core gaming crowd.
The road to the finals was anything but short. Starting December 1, the Winter Premier League featured group stages, quarter-finals, semi-finals and a gripping grand finale across the fan-favourite maps of Rondo, Erangel and Miramar. While 64 teams battled it out in the main event, a staggering 1,024 teams took part in the qualification rounds, underlining the scale of interest.
Big names added extra sparkle to the competition. Teams such as iQOO SOUL, iQOO RNTX, HeroXtreme Godlike, iQOO 8BIT and OnePlus Gods Reign all joined the fray, turning the league into a who’s who of Indian BGMI talent.
Reflecting on the milestone, 4TR Esports director and CEO Sidharth Agarwal, said the organisation is playing a long game. He emphasised a focus on discipline, growth and real opportunities for players and creators, calling the Winter Premier League an important first step in building what he sees as a lasting 4TR era.
4TR Esports also put its own squad to the test, reaching the semi-finals while competing against the country’s best. Looking ahead, the organisation plans to contest all official BGMI tournaments in India, with an eye on representing the nation on the global stage.
Beyond trophies and titles, 4TR has its sights set on growing the wider ecosystem. Plans are underway to host two to three tournaments for underdogs and girls, create pathways for young talent from tier-2 and tier-3 cities, and offer aspiring players the chance to compete alongside established professionals.
In its very first winter outing, 4TR Esports has shown it means business. If this debut is anything to go by, the coming seasons could be even hotter.
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.
