String Metaverse PAT Rises to Rs 36.92 Cr, Revenue Surges by 97%

Mumbai: Digital infrastructure and AI technology company String Metaverse Ltd has reported a two-fold jump in profit after tax to Rs 36.92 crore for the June quarter of 2026-27 compared to Rs 18.30 crore in the year-ago period.

Revenue for the quarter ended June 30, 2026 rose approximately 97.13 per cent year over year to Rs 392.42 crore, compared with approximately Rs 199.07 crore in Q1 FY26, a company statement said.

The results mark a strong start to FY27 as String Metaverse continues to scale its technology businesses while investing in emerging infrastructure around AI, blockchain and tokenized financial systems, the company said.

String Metaverse also said that it has launched BillsOnChain, developed in partnership with Hedera and l designed to bring invoices, receipts and commercial transaction records on-chain, creating blockchain-verifiable digital records for enterprise and financial applications, as a key strategic initiative.

The platform is intended to connect conventional commercial transactions with blockchain-based verification, tokenization and programmable settlement.

“Q1 FY27 represents another strong quarter for String Metaverse. We remain focused on scaling our technology businesses while maintaining financial discipline and investing in platforms that can participate in the next generation of global digital infrastructure,” said Ganesh Meenavalli, Managing Director, String Metaverse Limited.

“The launch of BillsOnChain in partnership with Hedera expands our strategy into real-world commerce. We believe the convergence of AI, blockchain, tokenization and programmable settlement will fundamentally reshape how businesses and autonomous systems transact globally,” Meenavalli said.

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