Latest news with #StringMetaverseLtd
United News of India
3 days ago
- Business
- United News of India
String Metaverse Ltd Reports 298% Revenue & 240% Profit Growth in Q1 FY26
Share Hyderabad (Telangana) [India], August 4: String Metaverse Ltd (BSE: META | 534535), India's first listed Web3 infrastructure company, has reported explosive financial growth for the first quarter of FY26, with revenue increasing 298% and net profit expanding 240% year-over-year. The results signal strong operating momentum as the company scales its core verticals: blockchain validation, decentralized fintech, and Web3 gaming infrastructure. Revenue: ₹199.14 Crore Net Profit (PAT): ₹18.29 Crore PAT Margin: 9.19% Operating EBITDA: ₹21.83 Crore YoY Growth (vs Q1 FY25): 'These results underscore the scalability of our business model,' said the company. 'As global demand for decentralized infrastructure rises, we're well positioned to deliver high-margin growth at the edge of digital transformation.' Key Growth Drivers Web3 Gaming Engagement: User activity across decentralized gaming platforms surged, contributing significantly to revenue through ad monetization and in-app purchases. Blockchain Node Operations: Solana and Hyperliquid validation nodes, now live under String DePIN & AI Ltd, added recurring on-chain yield streams. Fintech Expansion: Revenue contributions from early-stage virtual debit card issuance and crypto-to-fiat infrastructure began scaling across North America and Asia. Management Commentary 'The Q1 FY26 financial performance is not just about growth — it reflects operating leverage across global units,' said Santosh A, Director at String Metaverse Ltd. 'We're executing across multiple verticals with capital efficiency, unlocking scalable revenue from gaming, payments, and decentralized compute infrastructure. Our focus remains on compounding value through digital rails that are borderless, interoperable, and real-time.' Outlook With a robust pipeline of international fintech licenses, blockchain node activations, and enterprise partnerships in play, String Metaverse expects continued revenue acceleration in the upcoming quarters. The company remains committed to building a global programmable finance ecosystem anchored in transparency, yield, and user-first design. About String Metaverse Ltd String Metaverse Ltd (BSE: META) is a Web3 infrastructure and gaming company headquartered in Mumbai, with global operations in Hong Kong, Dubai, Toronto, Singapore, and Ras Al Khaimah. The company builds and operates foundational components of the Internet Financial System — including: Media & Investor Relations If you have any objection to this press release content, kindly contact to notify us. We will respond and rectify the situation in the next 24 hours.
News18
5 days ago
- Business
- News18
String Metaverse Ltd Reports 298% Revenue & 240% Profit Growth in Q1 FY26
Web3 Infrastructure Company Delivers Breakout Quarter with Strong Operational Performance and Global Scale-Up Hyderabad (Telangana) [India], August 5: String Metaverse Ltd (BSE: META | 534535), India's first listed Web3 infrastructure company, has reported explosive financial growth for the first quarter of FY26, with revenue increasing 298% and net profit expanding 240% year-over-year. The results signal strong operating momentum as the company scales its core verticals: blockchain validation, decentralized fintech, and Web3 gaming infrastructure. Q1 FY26 Financial Performance Snapshot • Revenue: ₹199.14 Crore • Net Profit (PAT): ₹18.29 Crore • PAT Margin: 9.19% • Operating EBITDA: ₹21.83 Crore YoY Growth (vs Q1 FY25): • Revenue: ▲ +298% • Net Profit: ▲ +240% 'These results underscore the scalability of our business model," said the company. 'As global demand for decentralized infrastructure rises, we're well positioned to deliver high-margin growth at the edge of digital transformation." Key Growth Drivers Web3 Gaming Engagement: User activity across decentralized gaming platforms surged, contributing significantly to revenue through ad monetization and in-app purchases. Blockchain Node Operations: Solana and Hyperliquid validation nodes, now live under String DePIN & AI Ltd, added recurring on-chain yield streams. Fintech Expansion: Revenue contributions from early-stage virtual debit card issuance and crypto-to-fiat infrastructure began scaling across North America and Asia. Management Commentary 'The Q1 FY26 financial performance is not just about growth — it reflects operating leverage across global units," said Santosh A, Director at String Metaverse Ltd. 'We're executing across multiple verticals with capital efficiency, unlocking scalable revenue from gaming, payments, and decentralized compute infrastructure. Our focus remains on compounding value through digital rails that are borderless, interoperable, and real-time." Outlook With a robust pipeline of international fintech licenses, blockchain node activations, and enterprise partnerships in play, String Metaverse expects continued revenue acceleration in the upcoming quarters. The company remains committed to building a global programmable finance ecosystem anchored in transparency, yield, and user-first design. About String Metaverse Ltd String Metaverse Ltd (BSE: META) is a Web3 infrastructure and gaming company headquartered in Mumbai, with global operations in Hong Kong, Dubai, Toronto, Singapore, and Ras Al Khaimah. The company builds and operates foundational components of the Internet Financial System — including: • Blockchain validation nodes (Solana) • Fintech platforms for crypto debit cards and cross-border payments • Web3 gaming & RTB advertising ecosystems • HFT-enabled decentralised liquidity infrastructure Media & Investor Relations (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 05, 2025, 12:45 IST News agency-feeds String Metaverse Ltd Reports 298% Revenue & 240% Profit Growth in Q1 FY26 Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
5 days ago
- Business
- Business Standard
String Metaverse Ltd Reports Q1 FY26 Consolidated Revenue of ₹199 Cr and PAT of ₹18.29 Cr
India PR Distribution Hyderabad (Telangana) [India], August 4: String Metaverse Ltd (BSE: META | 534535), India's pioneering publicly listed Web3 infrastructure company, today announced its consolidated financial results for the first quarter of FY26. The company reported consolidated revenue of ₹199.14 crore and profit after tax (PAT) of ₹18.29 crore, reflecting its rapidly scaling global operations and strong performance across digital infrastructure verticals. * Q1 FY26 Consolidated Financial Highlights Revenue: ₹199.14 Crore (Q1 FY26) Profit After Tax (PAT): ₹18.29 Crore PAT Margin: 9.19% Operating EBITDA: ₹21.83 Crore * YoY Growth (vs Q1 FY25): Revenue: +298% Net Profit: +240% "This quarter demonstrates the strength of our diversified revenue streams and scalable technology platforms," said the management. "Our focus on infrastructure-first deployment is translating into profitable growth and global reach." * Business Drivers & Strategic Execution Blockchain Node Infrastructure: Activation of Solana and Hyperliquid validator nodes through String DePIN & AI Ltd in Ras Al Khaimah contributed to predictable, protocol-based revenues. Fintech Expansion: The company's newly acquired Canada MSB license allows issuance of crypto-linked virtual debit cards in over 100 countries, in collaboration with Visa, Mastercard, and UnionPay. Web3 Gaming & Monetization: Increasing user engagement in String's Web3 ecosystem drove digital asset monetization through in-app activity and ad-based revenue, supported by the launch of its Singapore-based RTB Ad Exchange. * Leadership Commentary "Our Q1 FY26 results mark a significant inflection point for String Metaverse," said Santosh A, Director at String Metaverse Ltd. "This performance reinforces our belief that decentralized financial infrastructure, programmable payments, and on-chain data monetization will define the next decade. We are building at the convergence of these shifts -- with operational velocity and global scale." About String Metaverse Ltd String Metaverse Ltd (BSE: META) is India's first listed Web3 infrastructure and gaming company, powering the foundational architecture of the Internet Financial System. The company operates globally across: Blockchain validation nodes (Solana) Fintech platforms for global crypto payments and digital card issuance Web3 real-time bidding (RTB) for gaming and attention monetization HFT and liquidity engine powering DeFi and centralized markets String's operations span India, Hong Kong, Singapore, Dubai, Toronto, and Ras Al Khaimah, serving millions of users and enterprises across the decentralized financial landscape.
Business Standard
28-04-2025
- Business
- Business Standard
Symbol: BGPL) Rights Issue Overwhelmingly Oversubscribed, Raises Rs49.25 Crore
India PR Distribution Mumbai (Maharashtra) [India], April 28: String Metaverse Ltd, a leading Web 3.0 technology company listed on the Bombay Stock Exchange (BSE Symbol: BGPL, Code: 534535), is pleased to announce the successful closure of its Rights Issue, which was overwhelmingly oversubscribed by public investors. The Rights Issue was offered exclusively to public shareholders to assist the company in achieving the Minimum Public Shareholding (MPS) requirement. Following the successful completion of the issue, the public shareholding in the company will increase to 19%. A total of 94,71,445 shares were offered under the Rights Issue, with applications received for more than Rs1.79 crore shares, showcasing strong investor confidence and support. The company successfully raised Rs49.25 crore through the issue. Rights Issue was oversubscribed up to Rs100 crore, highlighting the robust demand from the public shareholders. In a significant development, the company has also received approval from the Ministry of Corporate Affairs for its name change from Bio green Papers Ltd to String Metaverse Ltd. Subsequently, the company has applied to the BSE for updating its name in the stock exchange records. String Metaverse Ltd remains committed to creating long-term value for its shareholders and spearheading innovation in the Web 3.0 space. For media queries, please contact: Name : Reddy Designation : Company Secretary & Compliance Officer Email: cs@ Phone: +91-40-29390760 Website:
