String Metaverse Ltd Reports Q1 FY26 Consolidated Revenue of ₹199 Cr and PAT of ₹18.29 Cr

String Metaverse Ltd Reports Q1 FY26 Consolidated Revenue of ₹199 Cr and PAT of ₹18.29 Cr

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.

String Metaverse Ltd (BSE: 534535 | Symbol: BGPL) Rights Issue Overwhelmingly Oversubscribed, Raises Rs49.25 Crore

String Metaverse Ltd (BSE: 534535 | Symbol: BGPL) Rights Issue Overwhelmingly Oversubscribed, Raises Rs49.25 Crore

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 : M.Chowda Reddy

Designation : Company Secretary & Compliance Officer

Email: cs@stringmetaverse.com

Phone: +91-40-29390760

Website: http://www.stringmetaverse.com/