String Metaverse Limited (BSE: META), India's first publicly listed Web3 infrastructure and gaming company, has reported exceptional financial results for the first half of the fiscal year, showcasing robust growth across its gaming and decentralized finance (DeFi) segments.

Financial Highlights

The company's consolidated performance for H1 demonstrates significant year-over-year improvements:

Operational Performance

String Metaverse's gaming division showed strong performance, with its user base expanding from 4 million to 4.7 million, marking a 17.5% quarter-on-quarter growth. This growth was driven by the successful launch of new games, including Idle Mine 3.0, String Drive, String Tetris, and Rabbit 9x.

DeFi and Infrastructure Developments

The company's $IDLE Token generated ₹50 crore in trading volume and processed over 1 million on-chain transactions. String Metaverse also deployed Solana validation nodes, processing ₹80 crore in volume and 1 million DeFi transactions.

String Fintech HK Ltd, a subsidiary, achieved ₹920 crore in perpetual transaction volume across platforms like Deribit and Binance.

Strategic Infrastructure Expansion

To enhance its transaction processing capabilities, String Metaverse established high-performance computing colocation servers in LD-4 for Deribit and TY-4 for Binance and HyperLiquid.

Management Commentary

Ganesh Meenavalli, Managing Director of String Metaverse Ltd, stated, "Q2 marks the strongest quarter in our company's history. Our integrated ecosystem — spanning gaming, DeFi, and high-performance computing — continues to scale exponentially."

He added, "Our growth is not just financial; it's structural. With the $IDLE token now becoming the default settlement layer across our gaming platforms, and with validation nodes and HFT servers live in three global hubs, we are redefining how digital assets and financial infrastructure merge."

Future Outlook

The company's board has approved several fundraising initiatives, including:

• A rights issue of up to ₹60 crore
• A Qualified Institutions Placement (QIP) of up to ₹450 crore
• An additional issuance of up to ₹900 crore through various modes

These funds are expected to support the company's expansion plans and meet Minimum Public Shareholding (MPS) requirements.

String Metaverse has also introduced an Employee Stock Option Scheme (ESOP) for 2025, covering 50 lakh equity shares, to align employee interests with the company's growth.

As String Metaverse continues to integrate its gaming, DeFi, and infrastructure offerings, it appears well-positioned to capitalize on the growing Web3 and digital asset markets. However, investors should note that the technology sector can be volatile and subject to regulatory changes.

String Metaverse Limited (BSE: META), India's pioneering Web3 infrastructure and gaming company, has announced financial results for Q2 and unveiled ambitious fund-raising plans to fuel its growth trajectory.

Strong Financial Performance

The company reported a 165.41% year-on-year increase in consolidated revenue, reaching ₹23,249.83 crore for Q2, compared to ₹8,780.74 crore in the same quarter last year. This growth was primarily driven by the company's gaming and high-frequency trading (HFT) segments.

String Metaverse's profitability also saw significant improvement:

The company's EBITDA margin expanded from 2.48% to 7.50%, reflecting improved operational efficiency.

Segment-wise Performance

String Metaverse operates in two main segments:

1. Gaming: Generated revenue of ₹20,421.01 crore in Q2
2. HFT (High-Frequency Trading): Contributed ₹2,828.82 crore to the quarter's revenue

The gaming segment showed strong growth, with the user base expanding from 4 million to 4.7 million, marking a 17.5% quarter-on-quarter increase.

Strategic Initiatives and Ecosystem Expansion

The company reported several key developments during the quarter:

1. Integration of the $IDLE Token across all String platforms, processing over 1 million on-chain transactions in Q2.
2. Deployment of validation nodes on the Solana blockchain, facilitating over $80 million in DeFi transaction volume.
3. Establishment of colocation servers at strategic locations to enhance transaction execution speed for high-frequency trading strategies.

Fund-Raising Plans

String Metaverse's Board of Directors has approved multiple fund-raising initiatives totaling up to ₹1,410 crores:

1. Rights Issue: Up to ₹60 crores
2. Qualified Institutional Placement (QIP): Up to ₹450 crores
3. Additional fund-raising: Up to ₹900 crores through various securities offerings

These initiatives aim to meet Minimum Public Shareholding (MPS) requirements and support the company's growth plans.

Employee Stock Option Scheme

The Board has approved the "String Metaverse Employee Stock Option Scheme – 2025 (SM ESOP 2025) – Series II", covering 50 lakh equity shares.

Management Commentary

Ganesh Meenavalli, Managing Director of String Metaverse Ltd, commented on the results: "Q2 marks the strongest quarter in our company's history. Our integrated ecosystem — spanning gaming, DeFi, and high-performance computing — continues to scale exponentially. The combination of community engagement, token integration, and infrastructure depth positions String Metaverse as the operating system of the Internet Financial System."

Outlook

With its financial performance, strategic initiatives in Web3 infrastructure and gaming, and fund-raising plans, String Metaverse appears positioned for continued growth in the digital asset and blockchain technology landscape.

Investors and stakeholders will be watching how the company leverages its fund-raising proceeds to further expand its ecosystem and maintain its growth momentum in the coming quarters.