Hyderabad-based String Metaverse Limited, a prominent player in Web3, blockchain, and AI, has announced impressive financial results for the …
Hyderabad-based String Metaverse Limited, a prominent player in Web3, blockchain, and AI, has announced impressive financial results for the first half of the 2026-27 fiscal year. The company reported a significant 92.3% surge in profit after tax, reaching ₹76.79 crore. This growth outpaced the 86.1% increase in revenue from operations, which stood at ₹802.66 crore for the six months ending September 30, 2026.
The strong performance is attributed to widening EBITDA margins, indicating efficient operations. For the second quarter alone (July-September 2026), revenue grew by 76.5% to ₹410.26 crore, and profit after tax climbed by 84.2% to ₹39.86 crore.
Managing Director Ganesh Meenavalli highlighted that the company achieved three-quarters of its previous fiscal year’s revenue and profit in just six months, showcasing scalable and profitable growth. Looking ahead, String Metaverse is sharply focusing on ‘agentic gaming,’ payment systems for AI agents, and expanding its broader AI ecosystem. This strategic shift aims to build scalable digital businesses that will fuel the company’s next phase of growth and innovation in the rapidly evolving technology landscape.
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