String Metaverse Limited reported a consolidated net profit of ₹369.24 crore for the quarter ended June 30, 2026, marking a 101% year-on-year increase from ₹182.98 crore in the corresponding period of the previous year. The Hyderabad-based Web3.0 enterprise also announced that its Board of Directors approved a proposal to raise funds aggregating up to ₹1,000 crore through various instruments, signaling aggressive expansion plans amid strong financial performance.

The company’s consolidated revenue from operations surged to ₹3,924.04 crore in Q1FY26, nearly doubling the ₹1,988.61 crore recorded in Q1FY25. This top-line growth was primarily driven by its Gaming - IT Services segment, which contributed ₹3,909.12 crore to revenue, compared to ₹1,751.96 crore in the prior year. The High-Frequency Trading (HFT) segment contributed ₹149.16 crore, down significantly from ₹2,366.53 crore in the same quarter last year, indicating a strategic shift or market volatility in trading activities.

Financial Performance Overview

The following table outlines String Metaverse’s key consolidated financial metrics for Q1FY26 compared to Q1FY25:

Consolidated EBITDA reached ₹438.35 crore, up from ₹216.19 crore in Q1FY25. The EBITDA margin improved slightly to 11.17% from 10.87% in the previous year, reflecting effective cost management despite the significant scale-up in operations. The profit before tax stood at ₹368.95 crore, with a total tax expense of negative ₹0.29 crore due to deferred tax credits, resulting in the final net profit figure.

Segment-Wise Analysis

The Gaming - IT Services segment remained the primary profit driver, reporting a segment result of ₹486.35 crore, compared to ₹200.25 crore in Q1FY25. In contrast, the HFT segment reported a loss of ₹48.00 crore, reversing the profit of ₹15.94 crore seen in the previous year. This divergence highlights the company’s reliance on its software development services for stable profitability, while trading activities remain volatile.

Standalone results showed a more modest performance, with revenue at ₹40.48 crore and net profit at ₹1.99 crore. The standalone entity continues to focus on gaming software development, with minimal operational expenses relative to its consolidated group activities.

Fund Raising Proposal

In a separate resolution passed during the Board meeting held on August 11, 2026, String Metaverse approved raising up to ₹1,000 crore through one or more tranches. The instruments may include equity shares, convertible securities, warrants, American Depository Receipts (ADRs), Global Depository Receipts (GDRs), and Foreign Currency Convertible Bonds (FCCBs). The funds are intended to support the company’s growth initiatives, subject to regulatory and shareholder approvals.

What the Numbers Show

The near-doubling of both revenue and net profit underscores String Metaverse’s successful scaling of its IT services business. However, the sharp decline in HFT revenue and subsequent loss in that segment suggests a consolidation phase in trading operations or a deliberate reduction in risk exposure. The massive fund-raising proposal indicates management’s confidence in future growth opportunities, likely aimed at expanding its Web3.0 and fintech subsidiaries, which collectively contributed ₹3,924.04 crore in revenue and ₹369.25 crore in net profit for the quarter.

The 32nd Annual General Meeting is scheduled for September 25, 2026, where shareholders will vote on these proposals and other business matters. The financial results were reviewed by Statutory Auditors Gorantla & Co., Chartered Accountants.

String Metaverse Limited has announced its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The company reported a record performance with significant growth in revenue and profitability, driven by its expansion into AI-driven financial infrastructure, gaming ecosystems, and high-frequency trading technologies. The Board of Directors approved the financial results at its meeting held on May 25, 2026.

Consolidated Financial Performance

The company's consolidated net profit for FY26 stood at ₹102.53 crore, a surge of 190.89% from ₹35.24 crore in the previous year. For the fourth quarter, the net profit was ₹34.71 crore, a sharp increase from ₹12.91 crore in the same quarter last year. Revenue from operations for the year surged to ₹1,069.11 crore, up from ₹407.36 crore in FY25. Q4 revenue reached ₹359.40 crore, more than doubling from ₹153.85 crore in the year-ago period.

The following table summarises the key financial metrics for the consolidated results:

Operational Highlights

On the operational front, the company's EBITDA for FY26 was ₹121.88 crore, up 189.50% year-on-year. Q4 EBITDA stood at ₹41.98 crore, an increase of 167% quarter-on-quarter. The statutory auditors have issued an unmodified opinion on the audited standalone and consolidated financial results.

The company achieved a Rule of 40 score of 60.30%, combining 50% YoY revenue growth with a 10.3% PAT margin. String Metaverse also crossed 5 million users across its ecosystem and launched Phase 1 of the Bills on Chain partnership with Hedera Blockchain.

Standalone Results

In its standalone financial results, the company reported a net profit of ₹30.56 crore for FY26, compared to ₹3.20 crore in the previous year. For the quarter ended March 31, 2026, the standalone net profit was ₹21.02 crore. Total income for the year stood at ₹200.71 crore, up from ₹132.04 crore in FY25.