String Metaverse Reports Strong Q1 FY27 Results: Revenue Jumps 97.1% to ₹392.42 Crore as Net Profit Double

Technology firm String Metaverse Limited (BSE: META) has announced its financial performance for the first quarter of fiscal year 2027, delivering substantial top-line and bottom-line growth driven by expansions across artificial intelligence, tokenization, and digital financial networks.

For the quarter ending June 30, 2026, the company posted a top-line revenue of ₹392.42 crore, marking a 97.13% increase compared to the ₹199.07 crore generated during the same period in the prior fiscal year. Net profit experienced a parallel surge, with Profit After Tax (PAT) climbing 101.80% to ₹36.92 crore, up from ₹18.30 crore in Q1 FY26.

Financial Performance Overview:

During the first quarter of fiscal year 2027, String Metaverse Limited recorded significant top-line and bottom-line expansion compared to the prior fiscal period. Total revenue rose by 97.13% year-over-year to ₹392.42 crore, up from ₹199.07 crore generated in Q1 FY26. Driven by this strong revenue trajectory, the company’s net profitability more than doubled, with Profit After Tax (PAT) surging 101.80% to reach ₹36.92 crore, compared to ₹18.30 crore during the same quarter of the previous year.

Strategic Initiatives and Commercial Expansion:

Beyond its earnings report, String Metaverse detailed the strategic rollout of BillsOnChain, a platform built in collaboration with the Hedera network. Designed to digitize commercial records including invoices, enterprise receipts, and trade documents the system anchors physical business transactions onto a secure ledger. By converting transaction data into programmable digital records, the platform enables automated financial reconciliation, invoice verification, tokenized accounts receivable, and automated settlement solutions for corporate clients.

Management views the initiative as a cornerstone for connecting traditional enterprise accounting with next-generation decentralized payment rails, particularly as automated AI systems begin executing autonomous business operations.

Technology Framework and Future Focus

String Metaverse is aligning its business architecture around three main technology pillars:

Foundational Layer: AI and primary digital infrastructure

Verification Layer: Blockchain ledger networks and asset tokenization

Execution Layer: Programmable financial settlement systems

“Our performance in Q1 FY27 demonstrates sustained growth alongside fiscal discipline as we scale our technology operations,” said Ganesh Meenavalli, Managing Director of String Metaverse Limited. “The integration of BillsOnChain alongside Hedera reflects our direction toward real-world commercial applications. As global markets transition toward automated environments, the intersection of AI, blockchain, and tokenized settlement will define how commercial entities interact.”

The BSE-listed firm stated it will continue allocating resources toward high-growth digital infrastructure platforms while preserving operational profitability.